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paul1

Bid Increments

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paul1

Please help me out here.. If I set my bid increment to R2 then how does someone outbid another bidder by 10cent, surely it should be in increments of R2. I have a losing bidder at R4 and a winning bidder at R4.10, on an item with bid increment of R2. This is a live auction so if this is fishy help would be appreciated

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Vinyl Lady Decals

Hi Paul

 

Welcome to the forum.

 

Nothing fishy, its just that the R2.00 increment is the minimum increase a bidder can bid, in this case, the winning bidder bid at R4.10

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Rambeo

Exactly as Tananka stated. Some buyers use the extra 10c bid as a tactic to confuse other bidders especially when it comes to bids just before the auction closes.

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paul1

Eureka. Thank you very much. Learning!!!

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Rambeo

Paul1, Oh and welcome to the forum. Nothing wrong with learning. Stick around in Forum. You'll surprised how much and how quickly you learn. Also you'll meet some great people too.

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