An ebay question - - may benefit some of you

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Why don't people just bid $1,000,000 on every item they want -- no one will outbid them, and they will get the item at the starting price. Right?

― jfda;, Sunday, 25 July 2004 01:53 (twenty-one years ago)

A top tip.

― Alba (Alba), Sunday, 25 July 2004 01:55 (twenty-one years ago)

Because if other bidders put in bids the price may be driven up beyond what you want to pay.

― j.lu (j.lu), Sunday, 25 July 2004 02:20 (twenty-one years ago)

yeah, but wouldnt they have to bid over $1,000,000?

― jfda;, Sunday, 25 July 2004 02:23 (twenty-one years ago)

No. They would lose the auction, but the price would go up from the opening price to a certain amount above competing bidders' highest bid.

― j.lu (j.lu), Sunday, 25 July 2004 02:29 (twenty-one years ago)

Oh, I see now. Thanks.

― jflkda;, Sunday, 25 July 2004 02:31 (twenty-one years ago)

Oh, I misread. I thought you were just saying "Why don't people just bid $1,000,000 on every item they want -- no one will outbid them, and they will get the item they want". I forgot about bids on ebay not being the same as bids in an auction house.

― Alba (Alba), Sunday, 25 July 2004 11:41 (twenty-one years ago)

Aren't they?

― chrisco (chrisco), Sunday, 25 July 2004 15:47 (twenty-one years ago)

No. When you bid on eBay you bid an actual amount and a maximum amount. When someone bids against you they have to exceed your maximum amount to go ahead of you.

― David (David), Sunday, 25 July 2004 15:51 (twenty-one years ago)

The 'actual amount' you bid is kind of just provided for you by eBay's increments, though, isn't it?

I really meant 'not the same as bids in a closed bids house or business sale' I guess.

― Alba (Alba), Sunday, 25 July 2004 15:52 (twenty-one years ago)

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