Quote:
Originally Posted by rajah424
If that's the case then when I retract my bid wouldn't it also retract my $100 bid? Technically I only placed one bid at $200. That's what I don't understand. In my scenario I only actually placed one bid at $200 and was bid up in increments. The other bidder (shiller) would have made a series of bids. Does he have to retract all of his to find the next bidder below my $100?
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When you retract, I'm 90% sure it retracts any/all prior bids on the item. So in your story, if the potential shiller retracts, it goes back down to the next highest bidder's bid below your max. That said, if the seller and shiller(s) are in cahoots, they could just have someone re-bid it back up to your max. For these reasons, I typically never place my max bid early in the auction.