The reason the autobid is set as it is is so that a bidder never has to bid more than one increment higher than an EXISTING bid. If a bidder bid $10,000 on a lot and leaves an autobid for $11,000 then think how the system works. A new bidder sees a $10,000 high bid and he enters his bid at $11,000. This is one increment over the existing bid and he should be the high bid or be immediately topped by a $12,000 up to bid. Instead his bid is rejected and he is given the option of bidding $12,000. The second bidder is therefore denied the opportunity to top an existing bid by only one increment, and this is counter to the way that virtually every auction is run. Like I said, if bidders were allowed to bid any fixed increment they wanted (the way many auctions are structured) then a bidder could occupy any bid slot that he wanted.
Last edited by oldjudge; 04-07-2010 at 07:02 PM.
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