Quote:
Originally Posted by bn2cardz
Another issue is when you are allowed to put in a ceiling bid but it only does every other increment. This happened on an auction recently where I really wanted a card and wanted to put in the bid where it would make the next amount too high... yet the bid I wanted was between two ceiling bid options. I was very frustrated when someone outbid me with that between amount. I knew that was the amount I wanted but couldn't do it. Yet the next bid was way too high due to the increments.
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I just encountered this for the first time last week bidding with REA. I, too, thought it was weird, so I called them and asked why they do that. They said they don't allow the same bidder to hold two consecutive auto-bidding positions to prevent ties and make it more fair for other bidders. I pressed further and asked why a tie wouldn't just go to the first bidder and he said "just so that there's no question" which I thought was a pretty weak answer. When I asked further, he matter-of-factly admitted that the whole reason was just to garner higher bids. Something about the whole situation rubbed me the wrong way.