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Last post 5 years ago by Pudding Mittens. 16 replies replies.
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Chulo Papa Offline
#1 Posted:
Joined: 04-24-2007
Posts: 621
Not a complaint, just confused.

Theres a 10pk of cigars, 175 lots, $39.99 starting bid.

I come in at 141 and my min bid is set at $42.99

How does someone bid after me at 143 2 bids later and get his for $39.00

Again, not a complaint, just trying to wrap my head around how this works exactly.
VaMtnMan Offline
#2 Posted:
Joined: 06-25-2007
Posts: 3,743
What I think happened, has happened to me in the past. The person who bid $39.99 probably was an earlier bidder, before you. He might of set a low max bid, and then later on decided that he wanted to raise his max bid. When he raised his max bid, it reset his bid time, and makes it look like he is a new bidder instead of one of the earlier bidders. This has happened to me several times when I have raised my max bid. Hope this helps.

The bigger problem I see is bidding on a Rocky Vintage. He has been peddling those Vintage 90's since mid 2000's, I think he has long run out of the warehouse full of vintage wrappers that he found that had been laying around since 1990.
Pudding Mittens Offline
#3 Posted:
Joined: 08-15-2016
Posts: 1,291
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Very simple. Chronologically this happened. Let's assume every person bid on only 1 lot, not multiples, for simplicity of explanation:

1. Auction opens. There are 175 lots available, $39.99 minimum allowable bid, no bids yet.

2. 140 people place bids, each starting at $39.99 (optionally with a secret AutoBid max amount).

3. There are now 35 lots remaining with no bids on them whatsoever, and a $39.99 minimum bid.

4. You come along and place a bid on one of those 35 lots, inexplicably using a starting bid of $42.99 (optionally with a secret AutoBid max amount).

5. There are now 34 lots remaining with no bids on them whatsoever, and a $39.99 minimum bid.

6. Other people come along and place starting bids of $39.99 (optionally with a secret AutoBid max amount) on those 34 lots.

In other words, you only irreversibly raised the "bid floor" on YOUR OWN lot, not all of them. There was NO reason for you to do this whatsoever, you should've used a starting bid of the minimum possible amount, in this case $39.99, and then set your AutoBid max to the maximum amount you'd be ultimately willing to pay. NEVER set your STARTING bid to the maximum you're willing to pay, ALWAYS set it as low as the system will possibly allow!

You could have irreversibly raised the "bid floor" for ALL remaining lots, but to do that you would've had to place either a starting bid or an AutoBid max of $42.99 on ALL 35 REMAINING LOTS. That would be the only way to do it, and obviously that's very expensive to do, unless others later exceed your bids on many or all 35 of those lots.

Read up some more on how multiple-lot auctions really work, and you'll understand fully.
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Cereal City Cigar Smoker Offline
#4 Posted:
Joined: 03-30-2006
Posts: 14,587
Excellent response! Applause Applause Applause Applause
VaMtnMan Offline
#5 Posted:
Joined: 06-25-2007
Posts: 3,743
Pudding Mittens wrote:
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Very simple. Chronologically this happened. Let's assume every person bid on only 1 lot, not multiples, for simplicity of explanation:

1. Auction opens. There are 175 lots available, $39.99 minimum allowable bid, no bids yet.

2. 140 people place bids, each starting at $39.99 (optionally with a secret AutoBid max amount).

3. There are now 35 lots remaining with no bids on them whatsoever, and a $39.99 minimum bid.

4. You come along and place a bid on one of those 35 lots, inexplicably using a starting bid of $42.99 (optionally with a secret AutoBid max amount).

5. There are now 34 lots remaining with no bids on them whatsoever, and a $39.99 minimum bid.

6. Other people come along and place starting bids of $39.99 (optionally with a secret AutoBid max amount) on those 34 lots.

In other words, you only irreversibly raised the "bid floor" on YOUR OWN lot, not all of them. There was NO reason for you to do this whatsoever, you should've used a starting bid of the minimum possible amount, in this case $39.99, and then set your AutoBid max to the maximum amount you'd be ultimately willing to pay. NEVER set your STARTING bid to the maximum you're willing to pay, ALWAYS set it as low as the system will possibly allow!

Read up some more on how multiple-lot auctions really work, and you'll understand fully.
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He said when he bid the min was $42.99, so this wouldn't apply. The bid before his and after his are also $42.99. He is bidding on the Rocky Patel Vintage 1979 and he is now bidder #140 and the $39.99 bidder is #142.
Pudding Mittens Offline
#6 Posted:
Joined: 08-15-2016
Posts: 1,291
VaMtnMan wrote:
He said when he bid the min was $42.99, so this wouldn't apply. The bid before his and after his are also $42.99. He is bidding on the Rocky Patel Vintage 1979 and he is now bidder #140 and the $39.99 bidder is #142.

Ah, good catch! The ambiguity is here:

Chulo Papa wrote:
my min bid is set at $42.99


I read this as "I willingly set my bid (actual bid not AutoBid max) at $42.99" and I assumed he said "minimum" to distinguish his actual bid from his optional AutoBid max number, and by "minimum" he did NOT mean the actual minimum bid the system enforced on him (which I took to still be $39.99).

You read it as "When I went to make a bid, the system had the actual minimum set at $42.99 and enforced it on me".

It all depends which way he meant that line.

If he meant it my way, my explanation above is relevant and valid.

If he meant it your way, then it sounds like an error in the CigarBid code.
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VaMtnMan Offline
#7 Posted:
Joined: 06-25-2007
Posts: 3,743
No, what happens is if someone has bid on something and then goes back and raises or lowers their max bid, their bid time gets reset to the current time. Their current bid is still the same.
Pudding Mittens Offline
#8 Posted:
Joined: 08-15-2016
Posts: 1,291
VaMtnMan wrote:
No, what happens is if someone has bid on something and then goes back and raises or lowers their max bid, their bid time gets reset to the current time. Their current bid is still the same.

I think you may have nailed it!

Yes, I'll bet that guy placed an early bid at $39.99, the minimum later rose to $42.99, but then that guy changed his secret AutoBid max, which changed his bid timestamp to "now", when in fact originally it was much earlier.

That might be it!
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Ewok126 Offline
#9 Posted:
Joined: 06-25-2017
Posts: 4,356
Man I am glad yall got that all figured out. I was starting to stress over here.
Sunoverbeach Offline
#10 Posted:
Joined: 08-11-2017
Posts: 14,665
Smoke a cigar. You'll feel better
KingoftheCove Offline
#11 Posted:
Joined: 10-08-2011
Posts: 7,631
Pudding Mittens wrote:
I think you may have nailed it!

Yes, I'll bet that guy placed an early bid at $39.99, the minimum later rose to $42.99, but then that guy changed his secret AutoBid max, which changed his bid timestamp to "now", when in fact originally it was much earlier.

That might be it!
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That is it, because I’ve done it.
VaMtnMan Offline
#12 Posted:
Joined: 06-25-2007
Posts: 3,743
KingoftheCove wrote:
That is it, because I’ve done it.



Happens to me all the time and I kick myself for not setting a correct max bid when I first bid on it.

Any ideal if you lose your place in the bid line? If I am the first bidder at $39.99 with a max bid at $50, and there are 5 units available. 4 other people come in after me and bid, all at $39.99. I then go and change my max bid to $60, and my time gets reset. As other bidders come in, am I the first bidder whose price goes up, are do the other 4 bidders price go up before mine?

Thanks
Pudding Mittens Offline
#13 Posted:
Joined: 08-15-2016
Posts: 1,291
VaMtnMan wrote:
Happens to me all the time and I kick myself for not setting a correct max bid when I first bid on it.

Yup. Happened to me lots of times too. I learned to ALWAYS set an AutoBid max that I am comfortable sticking with forever, upon INITIALLY placing my bid... and then NEVER TOUCHING the bid again (no changes to AutoBid max, no changes of any kind) and just watching the auction run to completion in a hands-off manner.

Quote:
Any ideal if you lose your place in the bid line? If I am the first bidder at $39.99 with a max bid at $50, and there are 5 units available. 4 other people come in after me and bid, all at $39.99. I then go and change my max bid to $60, and my time gets reset. As other bidders come in, am I the first bidder whose price goes up, are do the other 4 bidders price go up before mine?

Thanks

I'm not sure, but I think I recall that your price would indeed go up first, as now you're "the noob" of all the bidders.

Folks, be REALLY SURE you like the AutoBid amount before placing your bid initially.
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KingoftheCove Offline
#14 Posted:
Joined: 10-08-2011
Posts: 7,631
I’ve actually used it to LOWER my max bid.........had a case of bidder’s remorse a few times...
Came back and lowered my max bid as much as I could to get out of the game.........and it worked all 3 times.

To be honest, wasn’t really bidder’s remorse as much as it was I saw something else I wanted more....................at another place.
VaMtnMan Offline
#15 Posted:
Joined: 06-25-2007
Posts: 3,743
KingoftheCove wrote:
I’ve actually used it to LOWER my max bid.........had a case of bidder’s remorse a few times...
Came back and lowered my max bid as much as I could to get out of the game.........and it worked all 3 times.

To be honest, wasn’t really bidder’s remorse as much as it was I saw something else I wanted more....................at another place.





Yea, I have also lower my bid a number of times because I had low bid on several things and actually got them. I only ever change my max bid, usually it is because I bid on a bunch of things and didn't win any of them, so I might up my max a little on something I want. But like now, I have 10-15 low bids out there, if I get 1-2 I am happy, if I start winning more than 3-4 than I start panicking that my wife will find out and I won't be able to go to the cigar lounge here and play poker. A man has to know his wives limitations. lol
Pudding Mittens Offline
#16 Posted:
Joined: 08-15-2016
Posts: 1,291
VaMtnMan wrote:
I start panicking that my wife will find out

No wife here. So, I have to self-limit my spending. It's not always easy, but I manage. Herfing
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