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Missed snipe

Posted: Mar 20 2009 03:46 AM

[b]BS Userid:[/b] rondans

[b]eBay Item No.:[/b] 310128592822

I am very confused. Here is the bid history right from Ebay

3/12 $9.99 18:12:06

3/19 $20.00 18:12:01

3/18 $20.30 13:31:17



I don't get it.



1. Seems like the other bidder knew my snipe limit and previously put in the bid of $20.30.



2. the other thing I don't understand is why you bid $20 right away. You should have just bid $9.99 + the bid increment.



What's up???


Posted Mar 20 2009 03:46 am by Gu***st

Hello,



The other bidder had a proxy bid waiting of something significantly higher than $20, maybe as high as $50. When your bid went in, the price jumped to that amount and his proxy bid added the next increment and won.



The rules of proxy bidding are explained at the link below. It takes some time to get used to them if you are new. Just keep in mind the following.



1. The bid you are entering is a MAXIMUM. Most often you will pay less than you actually bid. See the example below.



2. eBay will only make the bid as high as it needs to be to win the bid, using its own proxy bidding system.



3. When we place the bid, it is exactly as if you placed the bid yourself, manually, 5 seconds prior to closing.



4. You cannot outbid yourself unless someone else's proxy bid comes in between you.



Example. Let's say someone bids $100 on an item, and it brings the price up to $50. If you come in and snipe with $75, then eBay will award you the win, at a price of $75. It will only win at the price high enough to win which beats other bids.



Full details on proxy bidding can be found here:

http://pages.ebay.com/help/buy/proxy-bidding.html



Information on bid increments:

http://pages.ebay.com/help/buy/bid-increments.html



Also, if you change your bid:

http://pages.ebay.com/help/buy/bidding_change_bid.html



Finally, our FAQ does a pretty good job:

http://www.bidslammer.com/help/minimum_bid.php


Posted Mar 20 2009 03:51 am by Your Friendly BidSlammer Admin

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