Posted By:
Hal LewisI guess it makes some sense.
As the "first" bidder to bid $37, you get the right of winning the "tie" if there is one at $37.
But, since there are TWO people bidding $37, then it is only fair to the SELLER that the tie be broken "upwards" if one of the two people bid again.
In other words, if the "second" bidder bid $38, then clearly the sale price of the item would go up to $38...
so it is only fair to the seller that your sale price would go up as well in that event.