Beat by 16 Cents

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Posted By: Robert {Bigb13}

How did I get beat by 16 cents? Do you not have to go up at least a dollar? Rob

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Posted By: Steve

One could get beat by 1 cent.

Steve

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Posted By: Jeff Lichtman

Bob, I suppose if someone had a ceiling bid of $10.16 and you put in a snipe for $10 then the final selling price would be $10.16. That's a lousy way to lose one.

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Posted By: Eric B

To you it looks like someone didn't overbid you by the proper increment. But from the outside it looks fine.

Example:

First bidder is at $1.00. You bid $10.00. The current bid shows at $1.25, the 25 cent increment over the first bidder - and what you will win it at if nobody else bids. Now the next bidder must bid at least $1.50, but actually bids $10.16 and wins at that price.

Now if a snipe was set for $9.75 a second earlier, you would be high at $10.00 and I believe the $10.16 won't register as it doesn't have the necessary increment.

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Posted By: Andy Cook

I once lost a Croft Cocoa by one cent on Ebay.

Andy

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Posted By: Todd C

I lost out for $.40 a couple of days ago on a card I wanted....

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Posted By: leon

I have lost several sales on ebay with the exact same bid or very slightly MORE than the winner. The first bid with the high enough, or even the same, increment wins......

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Posted By: Jim VB

Robert,

The other bid must have been in before yours. When your bid hit, it forced him up to his max. Sorry. I know that sucks.


Leon,

I learned that is one of the problems with setting your snipe time too close to the closing. I won an auction a couple of weeks ago with the same bid as 2 other people. My snipe went in at 11 seconds to go. Theirs were at 8 seconds and 6 seconds.

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Posted By: Bruce Babcock

I've lost lots by 1 cent on ebay. I've also lost out on inumerable lots by $1 or less. This is why I try not to do business on ebay. I don't mind being topped. I don't even mind being topped at the last second. I do mind losing by a $%#$%^& increment based on a bidding "system" that no legitimate auction house would use. This is what happens when a system is designed by pez dispenser collectors.

It seems obvious that ebay, sellers, and consigners would make more $ if every winning bid had to top the underbidder by 10%, and underbidders wouldn't feel cheated.

Oh, well.

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Posted By: MikeU

You can also lose with the same price/tie. If two people set a snipe at $100, the first snipe to go off wins the tie.

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Posted By: willstk

If it is any consolation, through the years I have lost many items by small amounts. But, I remember getting in contact with the buyers after the auction and found out they were willing to much higher than I was. I could have driven the price up, but was not going to win.

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Posted By: dan mckee

I won my Tom barker set by 1 cent. I bid $1500.01 and the other guy bid $1500.00

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Posted By: Rob

with respect to ebay, i guess thats something to consider. what is the MAX i'm willing to spend. so if you bid $10, and lose by a penny, would you have spent $10.02 to win it? Then thats what you have to put in when you decide to place your top bid. So that if you get beat by a penny, you wouldn't have put in your extra two cents to win the lot.


Rob