10/3 Question about eBay. Say there are two accounts (A and B) bidding
on one item. Starting price is $10, and A bids $50. Then B bids
$55. The price is so high, no one else bids on the item. Then
for some reason A retracts the bid. Does the bid go back to $10?
\_ I don't think you can retract a bid that isn't winning the item.
And there are lots of auctions that work like ebay does. Google
"dutch auction." That pretty much works the same way. Everyone
says the max they are willing to pay and the high bidder gets
the item for the next higer bidder + 1.
\_ Why would it when there is a bid at $55?
\_ Because eBay bidding system works differently than any
auction known to mankind. If you bid $55 when someone else
bids at $50, then eBay says "ok you can get the item at
$50+($1 increment)", and you walk away with the item at $51.
eBay bidding says "the amount you put in is the highest you're
willing to pay, but the actual price is the second highest
bidder plus increment."
\_ I'd imagine this system is for cutting down site traffic by
bidders who would otherwise need to constantly check if they
have been outbid. |
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