Hey guys! New to the site, and already addicted. Anyway, can anyone explain what it means when only 1 of the 2 unit gets out bid? I see their are winners with lower bids in the same active auction. Thanks for any input!
Zappaclay wrote:
In simpler terms . . .
Let's say there are two lots up for auction.
You bid $10 on both lots.
I come along and bid $12 on ONE of the lots.
If no more bids are placed, you get yours for $10 and I get mine for $12.
As a noob, here's a bit of advice, if you are not already aware of it.
Always use the "Maximum Bid" option when placing a bid.
Let's use the two lots we discussed previously.
If you put in a straight up $10 bid on both lots, and nobody else bids on them . . . You win them for $10.
BUT, if you put in a "Max Bid" of $10, and nobody else bids, you get them for $1.00 ( the starting bid)
If someone bids $2 on them, they are notified that their bid is too low and automatically increases YOUR bid to the next increment, which would probably be $3. This process continues until someone bids higher than your $10.
Make sense ?
jes
Oh yeah, BTW . . . Welcome to the asylum !
