Weird eBay auction Bidding

VTCoins · August 29, 2006 12:14AM

Not real sure what happened with this auction.

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I put my snipe in for $103.55 and someone else got in a bid in after me and bought the note for $150.

Shouldn't he have won the auction for one bid increment over my bid (roughly $105)?

ziggy29 · August 29, 2006 12:17AM

That is odd. Seems to me the high bidder should have gotten it for $106.05 (your high bid plus $2.50).

Seems like eBay owes the high bidder $43.95.

[Edit to add: D'oh -- I assume there was a $150 reserve. Never mind. If there wasn't, THEN it's a problem.]

arlea1957 · August 29, 2006 12:17AM

Maybe smoeone else had a snipe for higher?

notwilight · August 29, 2006 12:19AM

The most logical explanation is that there was a reserve of $150. If there was no reserve, then it would appear that you are correct. --Jerry

AlixTCat · August 29, 2006 12:36AM

I'll bet this guy is mad! Not your fault, of course. It's eBay's. He ought to complain and get his money back. Must have been a glitch?

Jonathan

jmj3esq · August 29, 2006 12:43AM

Sniping sucks!!! Its not fair and im tired of losing bids because of it. I just wanted to let my opinion be heard.

96eagle · August 29, 2006 12:46AM

I snipe all the time. If you really want the item bid in the last 5-10 seconds

96eagle

ziggy29 · August 29, 2006 12:46AM

<< Sniping sucks!!! Its not fair and im tired of losing bids because of it. I just wanted to let my opinion be heard. >>

Then check out Legend's auctions. It looks like they will be set up so that the bidding doesn't end unless no bids have been received in three minutes. So you'll always have a three minutes to counter a "snipe." If you hate the concept of sniping and losing to snipers, it sounds more your style.

If you can't deal with sniping, stay away from eBay, because given the way their auctions are set up, it's folly NOT to snipe.

SmallSizedGuy · August 29, 2006 12:46AM

There was a reserve on this auction. States that "Reserve met" on the Bid History page.

VTCoins · August 29, 2006 12:49AM

If the reserve was $150, I thought the bid would have gone up to $106.05 and the auction would have ended with no sale because the reserve was not met.

19Lyds · August 29, 2006 12:55AM

Not if the winning bidder bid more than the reserve in which case, the reserve amount kicks in. Looks like in this particular case, $150.

ziggy29 · August 29, 2006 1:00AM

<< If the reserve was $150, I thought the bid would have gone up to $106.05 and the auction would have ended with no sale because the reserve was not met. >>

Normally bids go to one increment above the underbidder. But if that is still below the reserve AND the high max bid meets the reserve, the high bid jumps to match the reserve.

airplanenut · August 29, 2006 1:02AM

<< 

<< If the reserve was $150, I thought the bid would have gone up to $106.05 and the auction would have ended with no sale because the reserve was not met. >>

Normally bids go to one increment above the underbidder. But if that is still below the reserve AND the high max bid meets the reserve, the high bid jumps to match the reserve. >>

Or if it overshoots the reserve, it still goes to the reserve price.

eBay no longer shows "Reserve Met" so I'm led to believe that there was a $150 reserve on the item.

OffMetal · August 29, 2006 1:12AM

It was the reserve. If your bid meets the reserve, it automatically takes the bid up to the reserve price, as stated in the previous posts.

VTCoins · August 29, 2006 1:16AM

Not if the winning bidder bid more than the reserve in which case, the reserve amount kicks in. Looks like in this particular case, $150.

Shows how much bidding I do on eBay. That clears it up!

ABC123 · August 29, 2006 5:08AM

SNAFU's occurr when Weird People do Weird Things, present Members excluded !

lathmach · August 29, 2006 7:49AM

Quit screwing around with low ball bids if you want something.
Bid $10,000 on anything like this you want, and go to bed early assured it'll be yours in the morning.

Ray

RichieURich · August 29, 2006 8:27AM

<< Quit screwing around with low ball bids if you want something.
Bid $10,000 on anything like this you want, and go to bed early assured it'll be yours in the morning.

Ray >>

Of course, if someone else bids $9,900, you'll own the item but at a pretty high price.

Weird eBay auction Bidding

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