P3D Re: Ebay bidding

[Linda Nygren <lnygren@xxxxxxx>]

Bob Wier wrote:
> 
> >This has happened to me on a couple of occasions, and I think the reason
> >is this:
> >When your max bid was not enough to beat the 2nd highest bid by a full
> >increment, if you increase your maximum the bid price will increase to
> >the first full increment over the 2nd highest bid.  I ended up paying 50
> >cents more for a stereoview once because I wanted to protect a less than
> >one full increment lead, then no one bid again.
> 
> I think that's likely what happened - I had a max bid in, but prices were coming
> up fast, so I wanted to increase the max bid - and it jumped up by one increment
> when I did that...
> 
> That could be disturbing if the increment were something like $25 ...
> 
> THANKS
> 
> --Bob Wier
> 
> wier@xxxxxxxxxxxxxxxxx
I am not sure how high the bids would have to be for that high an
increment ($25), but on items in the $350 range the increment is only
$5. They keep it low enough that most people would be willing to go
"just one more increment" higher, given the chance, on an item that they
are interested in. If ebay ever were to go to a "5 minute rule", price
inflation would be even worse than it is now. Good for sellers, but not
for buyers. -Linda


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