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Old 03-01-2025, 02:55 PM
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swarmee swarmee is offline
J0hn Raff3rty
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Join Date: Jul 2014
Location: Niceville FL
Posts: 7,288
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Yeah, you're missing that most auction houses have three ways to make a bid:
1) Bid next increment
2) Bid an IMMMEDIATE Max Bid. So if the start bid is $50 and you want to bid $250, it goes immediately to $250.
3) Bid a capper Max Bid, which will increment and outbid bidders each increment until it's eclipsed.

You're not taking into account bid #2.
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