Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
Login to Like
this post
For example, check out the bidding on Lot 769152.
Login to Like
this post
Stan,
In the situation where your proxie bid was the same as the amount bid by the other person, was that amount your bidding limit at that point in time?
Regards ... Tim
Login to Like
this post
yes
Login to Like
this post
05:15:40pm
It's yours (for the moment) because your bid was placed earlier than the later $5.00 bid. Not all of your bid was needed at the time to make you the high bidder and the balance of your bid was saved as a potential "Proxy" bid. When the next bidder came in later and bid the same amount as your earlier top bid, the system awards the bid to you because you were first. Had you bid higher than $5 previously, the system would have calculated the next available bid for you, but since it did not have a higher bid in hand, it used what it had.
Basically, ties go to the earlier bidder.
Roy
Login to Like
this post
Stan,
Roy properly describes the system and one of the benefits of proxy bids.
do you have other questions about that, or other, aspects of bidding?
David
Login to Like
this post
no more questions. thanks very much for enlightening me.
stan
Login to Like
this post
01:33:36pm
I have been bidding on an item where some of my bids are proxy bids in response to another member's bid. In some cases, my proxy bid is exactly the same as the other person's bid rather than the next step higher. How can I be the high bidder if my bid is not higher than the previous bid?
Login to Like
this post
01:37:39pm
re: Auction Question on Proxy Bids
For example, check out the bidding on Lot 769152.
Login to Like
this post
re: Auction Question on Proxy Bids
Stan,
In the situation where your proxie bid was the same as the amount bid by the other person, was that amount your bidding limit at that point in time?
Regards ... Tim
Login to Like
this post
BuckaCover.com - 80,000 covers priced 60c to $1.50 - Easy browsing 500 categories
20 Apr 2014
05:15:40pm
re: Auction Question on Proxy Bids
It's yours (for the moment) because your bid was placed earlier than the later $5.00 bid. Not all of your bid was needed at the time to make you the high bidder and the balance of your bid was saved as a potential "Proxy" bid. When the next bidder came in later and bid the same amount as your earlier top bid, the system awards the bid to you because you were first. Had you bid higher than $5 previously, the system would have calculated the next available bid for you, but since it did not have a higher bid in hand, it used what it had.
Basically, ties go to the earlier bidder.
Roy
Login to Like
this post
re: Auction Question on Proxy Bids
Stan,
Roy properly describes the system and one of the benefits of proxy bids.
do you have other questions about that, or other, aspects of bidding?
David
Login to Like
this post
03:41:44pm
re: Auction Question on Proxy Bids
no more questions. thanks very much for enlightening me.
stan
Login to Like
this post