P3D Re: eBay auctions

[Lawrence W Kaufman <kaufman3d@xxxxxxxxxxxxx>]

George A. Themelis replied to Rod Sage:

> >The reason I thought the reserve was $2500 is that the
> >bidding took a uge leap from $300 to $2500, which means
> >that either the reserve was $2500...
> That's not correct Rod... If the reserve is $2500 and
> someone places a maximum bid of $3000 then the bid will not
> go to $2500.  It will go to the next increment, which might
> be $301.  It will stay below the reserve unless if bidding
> from two parties brings it above it.

That was my understanding also, until recently, when I put a largebid on
an item that had a reserve and my bid moved up to
just above the reserve amount.

Not sure why, but I was happy since I wanted the item (whatever
it might have been).

Lawrence