A lot just ended where one member seems to have been trying to
outbid the next guy.
Why would anyone do that?
Prolly wasn't KotC unless he's visiting Ohio from the left coast.
He was so busy worrying that the first bidder might get cigars, that he didn't notice he was passing up the QuickBuy price! Maybe he was "bidding
against someone" instead of just getting a good price for himself.
So his plan seems to have flopped, because the other guy's bid automatically increased each time.
The lot ended up closing with a Bid to Win price of $98.50 when
the Winners were at $95.50.
Total of 8 bids, 5 of which were the second bidder's, bidding "against" the other guy -- who wasn't even there, but his higher price kept showing up and the less astute second bidder kept raising his price, effectively bidding against himself!
So if you think you'll get a great price by setting your high stop at $1,000 and going to bed, you could be unpleasantly surprised by a dufus who keeps trying to "outbid" you like this.
There had been two other bidders but their highest limit wasn't quite high enough for this lot, so they got priced out.
What's really funny is, he could have saved himself the grief of bidding if he had used the QuickBuy and had saved $10.50!
Oh, but then the two lower prices wouldn't have been outbid and they would still have gotten their cigars.
We couldn't have THAT, now, could we?
The second bidder, in his attempt to take cigars away from the first bidder, paid 10.50 more than he had to, and that didn't prevent the first bidder from getting his cigars! So it's $10.50 wasted.
Nub 460 Connecticut (Gordo) (4.0"x60) Box of 24
Bid to Win: $98.50
QuickBuy Price: $85.00 Closed
B2W price is $3 more than the Winners' top price, which is the case for prices ending over $45.
STATUS CLOSED
STARTING BID $1.00
UNITS AVAILABLE 2
OPENS Wednesday, July 4, 12:17 PM ET
CLOSES Monday, July 9, 6:20 PM ET
2 Winners ยท 8 Bids Total
BK of East Weymouth, MA
$95.50/ea1 Unit, 4 days ago
VC of Akron, OH
$95.50/ea1 Unit, 8 hours ago
Edited by user
8 years ago |
Reason: Not specified