WALNUT HILL wrote on May 12
th, 2023 at 1:14pm:
marlinguy wrote on May 11
th, 2023 at 11:06am:
Still has 6 days left, so tough to say it will be cheap at the end.
You dont have a great understanding of Auctions This is not Gun Broker !
I have a fine understanding of how auctions work. If anyone bids over this current price it will go up one bid increment, and if someone bids higher than whatever a previous bidder's high bid is, the amount will jump up one increment higher than the previous bidder's high bid.
So if it's sitting at $2900 and the bidder put in $3500 already, if the next bidder bids $3000 he wont get it, he'll simply bump up the previous bidder over him.
It doesn't matter if the auction starts at a penny, a dollar, or $100, it's going to have bid increments, and it's going to go up to whatever the latest bidder bids to.
It's not that tough to understand, and I've bid on items before and ended up getting them for less than my high bid. But I've also lost by one increment, and it doesn't mean the winner only bid one increment above me. He could have bid $1000 above me, but it's only going one increment.