oscaletrains posted:OK, so IF there were something you really wanted at any price, you could just bid $10,000 or whatever on it and then if a live bidder stopped bidding at say, $2,300 your cost would be what?
Whatever the minimum bid increment is. I'm not sure how/where that is revealed for a Live event, but it's listed for any standard ebay auction, I believe.
So if the bid increment is $100 as an example (for something in the $2300 range, that may be realistic), you would get it for $2400. That's why some people bid odd penny amounts to fend off someone who actually enters a high that is just over your max bid by a round number that equals the bid increment (success with this can be debated I guess).
It's not that the other bidders can see your max bid, of course, but if I bid $2300.49, and you bid $2400, I believe I would be the winner since your $2400 doesn't meet the minimum bid increment ($100) over my max with the extra $0.49. If you bid $2400.99 (or anything over $2300.49), I think you would get it for $2400.49, since your max included enough money to beat me by the bid increment.
{edit: John typed much faster than me
}
-Dave
