The high bid will be pushed up by your bid to the minimum bid increment
over the last highest bid. Should you place this bid early and someone
keeps bidding it up, your bid is incremented automatically up to your
maximum. You could end up paying $9,999 for something worth $500. It
has nothing to do with worth but everything to do with what you bid. It
is wise to never bid more than you are willing to pay for a particular
item. In your example, if you had bid $501 and other bidders only bid up
to $325, your bid would be incremented up to the minimum above $325
which might be $327.50. If it goes no higher, you win with that bid, not
your $501.
73, Tony W4ZT
Osten B Magnusson wrote:
> What happens if I see, as an example, a tranceiver worth
> 500 dollars, current bid is 100 dollars and I bid 9999 dollars?
> I will get it for 101 dollars or are there any special rules?
>
> 73 de Osten SM5DQC sm5dqc@areteadsl.se
>
>
> ----- Original Message -----
> From: "Floyd Sense" <fsense@copper.net>
> To: <craxd1@ezwv.com>; <amps@contesting.com>
> Sent: Wednesday, May 04, 2005 2:03 PM
> Subject: Re: [Amps] eBay
>
>
>
>>The seller can NOT see the maximum bid that you entered, but CAN see the
>>amounts of the actual bids. For example, if the current bid is at $18.00
>>(and the minimum increment is $1.00)and no one's maximum bid exceeds that,
>>and you come along and bid $50.00 then the seller will see your bid as
>>$19.00.
>>
>>If someone was bidding for the seller (or the seller himself under a
>>different ID), it would not be difficult to predict your probable response
>>to a bid increase based on your previous reaction to being outbid. As you
>>probably know, the eBay process ressembles a real live auction only in that
>>there is bidding. Real auctioneers do not permit "sniping" and shill
>>bidding can result in bodily harm! The only way to protect yourself is to
>>decide up front what the item is worth, bid that amount, and check back when
>>the auction is over.
>>
>>K8AC
>>
>>----- Original Message -----
>>From: "Will Matney" <craxd1@ezwv.com>
>>To: <amps@contesting.com>
>>Sent: Wednesday, May 04, 2005 7:43 AM
>>Subject: [Amps] eBay
>>
>>
>>
>>>This is way off topic but I need a quick answer on something. Does the
>>>seller have access to the amount one has bid? Something was fishy on a
>>>book I bought like the one who bid against me twice stopped both times
>>>right under my maximum bid. He ran the bids up 11 times stopping just
>>>under twice. I'm wondering if it was a schill who knew the amount I bid?
>>>
>>>http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=378&item=4546163575&rd=1
>>>
>>>Best,
>>>
>>>Will
>>>
>>>_______________________________________________
>>>Amps mailing list
>>>Amps@contesting.com
>>>http://lists.contesting.com/mailman/listinfo/amps
>>>
>>
>>
>>_______________________________________________
>>Amps mailing list
>>Amps@contesting.com
>>http://lists.contesting.com/mailman/listinfo/amps
>
>
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>
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