Archived posting to the Leica Users Group, 2000/12/23
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Stanley E Yoder wrote: > Excerpts from mail: 22-Dec-100 Leica Users digest V18 #277 by Leica > Users digest@mejac > > If you are outbid by less than the increment amount then the outbidder's > > bid history should show they entered a bid sooner than you. > > Not necessarily. If your max bid is $100 and someone then bids $100.01, > they will be high bidder, even though the penny is less than the > increment. IOW, the increment is effective only for the automatic proxy > upbidding-to-max, yes? > > Stan Yoder > Pittsburgh Stan, You are correct and just to make sure it's clear to everyone else, your scenario directly above assumes that the item in question has not reached bidder #1's hidden reserve of $100.00 yet. If bidder #2 puts in a bid of $100.01, when the item has not yet reached bidder #1's reserve, lets say $85.00, then bidder #2 will become the high bidder at $100.01. How bidder #2 KNEW to put in only $100.01 is another question entirely. Holiday cheers, Rob McElroy Buffalo, NY