In a message dated 2/26/01 11:24:31 PM Eastern Standard Time,
[EMAIL PROTECTED] writes:
<< So, based on the proxy bid system, the reserve must have been $9,900,
assuming the previous bid of $8,900 did not meet reserve. The proxy will
take you up to your maximum bid, or the reserve as I understand.... >>
_____________________________________________
The pity is we don't know (and may never know) the actual "high" (maximum)
bid. Could have been placed within that last minute at some ridiculous figure
like $15,000. That way, you would have to have bid $15,000.01 to "win."
Remember too, the highest maximum bid ~is~ always the proxy bid, no matter
when the bid is placed. Remember also, that eBay does the proxy bidding, not
the bidder per se.
Once eBay dials in your highest maximum, and as long as it remains the
highest bid (on that item #), eBay's own proxy bidder programs your maximum
into its memory and instantaneously bids your maximum right up to the end.
The computer also monitors incoming bids, again instantaneously comparing one
to the other.
*That's why you get those frustrating "Sorry, you've been outbid" messages.
Me? On this one, I did my "watch this item" thing.
Mafud
[EMAIL PROTECTED]
[EMAIL PROTECTED]
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