Need help understanding how the winning bidder was determined here . . .
detroitfan2
Posts: 3,335 ✭✭✭✭
I'm sure I'm missing something obvious, but I recently lost this auction by a penny, and I'm not sure I understand why. Since the winner's snipe was set to go off after mine, and I held the high bid at $80.00 for a few seconds, wouldn't his bid have to be at least $81.00? Just curious, as I swore I have lost auctions in the past where my snipe was higher than the winning bid but just not high enough when considering the minimum increment.
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I don’t have the exact answer to your question, but you should always throw a few cents onto every last second bid or snipe. $80.12 or $80.27. The thought of losing an auction over something you could find between couch cushions is rough.
No, because at the time of his snipe the price was $75. Had the price been $79.02 or higher his snipe would not have gone off.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I concur with grote15... It's not based on what your hidden max proxy bid is, it is based on what is showing as the high bid at the time based on what was the next highest bid to yours. The irony is if you had sniped your bid a second after the winner's, then he would have lost. How many seconds before the end are you sniping?
Guys, you're supposed to help me, not confuse me more
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I assumed I was leading with an $80 bid when he bid (he bid 3 seconds after me). And Rufuss, please explain what you mean. How does bidding $80 a few seconds after someone else bid $80.01 make the winning bid $80?
I'm also confused why my bid shows up twice . . .
Like I said, I know at some point it's going to hit me and I will return with my tail between my legs, but I just don't get it
Looks to me that detroitfan2 should be the winner.
His 2(?) $80.00 bids were in prior to the $80.01. There seems to be a problem here, why would 2 bids of the same amount show up from the same guy at different times?
Interesting.
When you bid $80, the screen likely said $51 and the leading bidder was e--2. After you bid, it said $75, which is what 8--4 saw when he went to bid. Thus, he had to bid at least $76 and, to win, he had to bid higher than your secret maximum. Both conditions were satisfied, so he won. I'm not sure what @RufussCkingston is saying, but if e--2 had bid $79 instead of $74, the minimum bid after your bid would have been $80 and 8--4 wouldn't have been able to bid $80.01.
No idea why your bid shows up twice. Sorry.
Doesn't matter. As long as the real time bid at time of snipe is at least one full increment below the snipe amount, the snipe wins regardless. The real time bid was $75 at the time of the snipe (bidding twice doesn't bump up your own bid, it's based on next highest bid by different user) so the sniper wins.
ETA: It's also not uncommon with some sniping programs for the snipe bid to register twice, or the bidder both manually bid and sniped at same time.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
No, you were leading with a $75 bid, not $80. Bidding $80 doesn't mean the bid price will be $80 at that second~ you need another bidder to bid at least $79 for that to happen, or you will lose if another bid higher than $80 comes in after yours , as was the case here.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
1.) Your bid probably shows up twice as it was submitted by two different Snipe servers. I use GIXEN for sniping, and pay for the premium service where it will send the snipe from the main server AND from a backup server, just in case of failure or lag time. Thus when I bid I usually see my bid twice.
2.) My premise that if you had been the later snipe, had the current winner's bid 80.01 been before yours, it would have shown up as $75, then you're bid would come in at $80 and because that $80.01 bid would not be the proper bid increment compared to your now leading bid of $80, you would win.... What I can't remember is what the $80.01 bid would look like, would it show up as $79, or $80.01 but a asterisk that it wasn't the proper increment.
Nope. Doesn't work like that. If you bid, for your bid to be the new high bid you have to a) be a full increment over the latest proxy bid ($75 in this case) and b) higher than the previous high bidder's "secret maximum". Even if 8--4 had bid $80 in your scenario, he would have won because detroitfan2's "secret maximum" wasn't higher. Ties go to the first bidder.
It would make no sense if you have two bidders, one who bid first AND was willing to pay more and the other be the winner.
His $80 snipe registered at $75 (max bid of 80) because the prior bid was $74... it didn't get fully registered up to $80 until someone bid higher... at which point $80.01 was above the $1 increment (over $75) and higher than your snipe. The two bids are from your sniping service, but they have no bearing because you cannot bid yourself up.
Even if 8--4 had bid $80 in your scenario, he would have won because detroitfan2's "secret maximum" wasn't higher. Ties go to the first bidder.
You mentioned ties go to the first bidder in the statement above. Looks like detroitfan2’s snipe went off 3 seconds before the winner. If they both had the same snipe $ value, would the earlier bidder and win go to detroitfan2? Just looking for clarification to the statement for me.
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
I just wanted to say thanks to everyone who replied, I now realize what happened and I am pretty sure I understand it. I definitely would not have passed a quiz on "who wins the auction" in certain scenarios!
During the early days of eBay I learned to literally throw in my 2 cents on every bid.
It's the singer not the song - Peter Townshend (1972)
Ironically, I almost always add some extra to every bid (typically 13 cents for luck), I just didn't do so in this case. Initially I thought that only helped if you were "the first one" to place the bid, now I see it can help even if you're not the first bidder, depending on what the 3rd place bidder does.
Yes. That is exactly correct. He would have won at $80 if 8--4 had bid between $79.00 and $80.00. If 8--4 had bid $78.99 he would have won for $79.99.
I lost and auction for a wonderful painting at exactly the same amount as a floor bidder. They explained it to me and I still didn’t get it. But I still lost it and that’s all that mattered. It wasn’t eBay, it was LiveAuctioneers.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
In cases of identical bids on ebay at least, the first bid for the same amount should be the winning bid.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Wouldn't have happened on Heritage. You used to see it all the time (back when they had live components to their auctions). A floor bidder would bid and the staffer who was manning the "book" would say something like "prior bid" and the auctioneer would just advance the bid. This was with coins. Not sure if they ever had live auctions with cards/memorabilia.
Did you bid $750 live at approximately the same time as the floor bid, or was it in advance?
paid gixen users have access to not only the main server executing the bid, but also their backup mirror. the service may have executed both here.
myslabs.to/smzcards
@daltex I put a max bid in weeks before the auction
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
I suspected as much. I'd be curious to hear their explanation.