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Last post 21 years ago by xrundog. 4 replies replies.
Bidding Question
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shepherd1 Offline
#1 Posted: Mon, Mar 3 2003, 9:44 AM EST
Joined: 02-26-2003
Posts: 8
Hello all. Let's say for example there are 3 boxes of The cigar for auction. After the auction, are we going to pay the same amount or will someone get theirs at a lower price? A friend of mine's auction just ended, and he got his Sherman's at $76 while the next guy got his for $70. How could this happen?
Lowman Offline
#2 Posted: Mon, Mar 3 2003, 9:52 AM EST
Joined: 12-03-2002
Posts: 6,982
The bids go in order of when they came in. If there are 3 bids that are equal and a higher bid is placed, the bottom bid gets knocked off. #1,$76, #2, $70, #3, $70...Now if no more bids are placed, the top bid may be higher than ones below. People pay what they bid.

Does that make sense?
BBJ Offline
#3 Posted: Mon, Mar 3 2003, 9:56 AM EST
Joined: 11-21-1999
Posts: 286
You Pay The Price Next to Your Handle.Why? Because That Is The Way It Is.Bidding Can Be like Playing Chess There Is Planing And Timing Involed.Happy Biding :)
rwestcot Offline
#4 Posted: Mon, Mar 3 2003, 10:59 AM EST
Joined: 02-02-2003
Posts: 133
Yes so it is not the same as a Dutch auction on that "other" auction site. You pay what you bid
xrundog Offline
#5 Posted: Mon, Mar 3 2003, 6:16 PM EST
Joined: 01-17-2002
Posts: 2,212
If you bid $76 when everybody else is at $60, you will pay $76. What you do is bid only what you need to win the bid and set the auto-bid to what you are willing to pay. At most, you will be one increment over the lowest bid.
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