Quote:
Originally Posted by Aquarian Sports Cards
You guys are working too hard here! An autobid is NOT a standing bid it is an agreement to OUTBID someone who OUTBIDS the current bid. So if you are at $100 with an auto bid to $170 the next person who bids is the new top bidder at $110, THEN your auto bid kicks in and bids $120. Think of it as an automated version of you watching the auction and placing a bid every time you are outbid. This is how every auction house I have ever bid with does it. Ties only come into play if your TOP autobid and the top bid otherwise are exactly the same, then the autobid is counted as having been placed first.
|
Best explanation I've seen.