Got outbid by .01 cent, I'm in an outrage!!!

Okay, so all week I've been eyeballing a Jimmy Burke T206 with a dark blue back from Polar Bear. I thought it was very appealing to the eye and decided that i wanted it. I was ahead with the bidding till 8 sec's were left. I had a high bid of $40 and then with 8 sec's left I typed in $45 and it said the auction was over and the person won with $40.01. IS THIS RIGHT?! HOW COULD THIS BE?! SOMEONE BRING ME SOME SANITY!!!!
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<< <i>IS THIS RIGHT?! >>
I think so.
<< <i>HOW COULD THIS BE?! >>
Your max bid was $40, but at the time the winner bid, the current bid level was only $37. He might have only been a penny over your max, he only had to meet the dollar increment at $38, I think.
<< <i>SOMEONE BRING ME SOME SANITY!!!! >>
Besides, it's a decent card, but I think you could get a better T206 for $40 or get a Burke that's in similar condition for less.
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<< <i>IS THIS RIGHT?! >>
I think so.
<< <i>HOW COULD THIS BE?! >>
Your max bid was $40, but at the time the winner bid, the current bid level was only $37. He might have only been a penny over your max, he only had to meet the dollar increment at $38, I think. >>
Yes, Yawie's right.
Here's the ironic thing though. Suppose a third person, like me for instance, bid on the auction at the end and I put in a bid for $40 with a minute left.
Guru would've won the auction!!!
If I would have bid $40, Guru's $40 previous bid would've taken precendent over mine, bringing the bid to $40. The the eventual winning bidder's bid would have been thrown out by not being up the the next bidding increment.
Confusing??
But like ctsox said, there'll be another, and probably sooner rather than later.
Good luck on the next one.
shawn
<< <i>That is why you should never bid an on the dollar amount. If you wuld have bid an odd amount like $40.03 you would have won by 2 cents, seeing he wouldn't have had time to rebid. >>
Thats true unless the winning bidder placed a bid of $41 or more. You dont see what his max bid was, just that it was enough to outbid the $40.
I have learned my lesson. If I really want a card on ebay, I use justsnipe. Set the snipe to the max I will pay and see what happens. I dont always win but I usually do. The times I dont is when the bid is already past my snipe or if the high bidder has a max higher than my snipe.
Collecting:
Brett Favre Master Set
Favre Ticket Stubs
Favre TD Reciever Autos
Football HOF Player/etc. Auto Set
Football HOF Rc's
<< <i>SOMEONE BRING ME SOME SANITY!!!! >>
Graded cards on ebay are like BITCHES!
Just when ya least expect it, another comes your way.