Quote:
Originally Posted by raulus
The only problem is that the bid increment at this level is $2.50, so you would have still lost if your bid came in after the $150.00 bid. You would need to bid at least $152.50 to have won.
I do find myself sometimes fretting over this bid increment rule, where I’ll go to $155, and then I’ll worry that someone else is doing the same thing, so I’ll go a little higher, and then higher still. Next thing you know, I’m up around $185!
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If I'm looking at the bids right, since the OP initially bid $130.00 (9:06:18) the max bid would have shown as $132.50 when he was outbid (9:08:30) so he would have seen a next bid of $135.00 as the minimum required amount (since the max bid of $150.00 by the other bidder wouldn't have been seen). In that case, a bid of $150.11 (at 9:08:51) would have made him the high bidder until the other bidder placed another bid at 9:14:06.