Say I see an item for auction, say for 1 dollar starting price. I know it's worth maybe 20. If I place a bid of $50, won't that 'freeze out' any other bidders since they'd have to bid at least $51 to get in the game? Will I get the item for the starting price if I'm the first bidder? If others have bid ahead of me what price will i pay?
2007-03-22 19:54:05 · 5 answers · asked by AmigaJoe 3 in Computers & Internet ➔ Other - Computers
Thx for the replies. I gues the question I'm really asking is if someone tries to enter a bid of *less* of $50 will ebay let them or will it say they have to enter a bid of more than $50. Of course the point is if the item is only worth $20 why would anyone else (but me) bid that high? They wouldn't, thus ending the bidding (in theory)
2007-03-22 20:10:20 · update #1
In my experience with ebay. best to wait till the last minute or two. then place a bid. if you bid to early I've noticed that anyone can up the price. including the seller under an alias.
2007-03-22 20:02:32 · answer #1 · answered by dubertman 3 · 0⤊ 0⤋
When you bid $50 but the price is $1, the bid entered for you will be $2. If someone then bids it to $10, the computer will automatically increase your bid to $11. This will go on until the price hits $51 at which time you will be out bid. So in the end you will pay whatever amount other bidders have bid plus one dollar until the bidding gets over $50.
2007-03-22 20:02:58 · answer #2 · answered by ignoramus 7 · 0⤊ 0⤋
Other bidders won't know that you bid $50. In effect, your bid is the current minimum bid. What will happen is that as others make bids, eBay will automatically outbid them for you up to the $50. It only outbids by the minimum amount required.
Someone could, say, bid $49 not knowing that your bid is higher, and you could end up spending $50 on the $20 item.
2007-03-22 20:06:18 · answer #3 · answered by John E 3 · 0⤊ 0⤋
eBay will advise anyone who bids less than $50 that they have already been outbid. But they won't know by how much.
A good technique is to leave your high bid until the auction is almost over.
That way the other bidders have very little chance to up their bids.
If your highest bid is $50 and the second highest bid is, say $19, then you would win the auction at $19.50.
2007-03-22 20:15:25 · answer #4 · answered by J 4 · 0⤊ 0⤋
If the starting price is $1.00 and you bid $50.00. Some one else came along and bid $5.00 Ebay would bid $5.50 in your behalf. Then some one would come along and bid say $7.50 and Ebay would bid $8.00 in your behalf. Every time some one bid against you Ebay would come back and bid on your behalf until your $50.00 was reached. Then you would be on your own. Ebay can only bid to your max for you. If the item is worth $20.00 bucks and you want to give them $10,000.00 for that item Ebay won't stand in your way.
2007-03-22 20:11:03 · answer #5 · answered by Pommac 6 · 0⤊ 0⤋