I finally registered so I could bid on some items. Since i'm new to the bidding terms, maybe someone could explain a few things. I understand the 10 percent increments but wanted to know how that works when using a max bid. Say I put a bid on an item with an opening bid of $100 and my max bid is $161 and someone else bids $133. Does it increase my bid only 10 percent over the $133 bid or does it show me as highest bidder at $133? The reason I ask is I put a bid on an item at $198 but was outbid and the high bidder won the auction at the same $198 price. I was thinking maybe they had bid a max of $198 and since their bid was before mine, theirs won. Just wanted to know for future bids. Thanks.
