Quote:
Originally Posted by Keith Webb
The odd thing I saw was there were 3 bids listed but it was still sitting at the original starting price.
|
That's because they were all the same bidder Keith, presumably probing for the reserve price. But he didn't meet it, and there was no one else to push his bid up, so it remained at the starting price. In the absence of any competing bidders the system will only increase your bid to actually MEET the reserve price, not to approach it gradually:
How automatic bidding works.
eBay places bids on your behalf starting with the next bid increment for the auction. We'll bid as much as necessary to make sure that you remain the high bidder (or to meet the reserve price).
A bid increment will go higher than the standard increment in two situations:
To meet the reserve amount
To beat a competing bidder's high bid
I notice the same bidder (u***3) submitted a bid for the C8AX, so presumably it was the guy who ultimately bought them.