Another Question Regarding Net54 Auctions: Final Price...

[leftygrove10]

Here is another question about net54 B.S.T. auctions that deserves to be discussed. This bothers me even more than the time stamp issue that I brought up last night.

Here goes:

Suppose the following bids were placed on a net54 B.S.T. auction prior to the auction closing.

Bidder #1: $100
Bidder #2: $150
Bidder #3: $200

Bidder #3 has won the auction, because he has the highest bid. But how much does he pay for the card? Does he pay $200? Or does he pay some bid increment over $150?

It seems to me that bid increments should be specified in the B.S.T. auctions, but I rarely see them mentioned.

I am anxious to hear your thoughts on this... Does the seller expect bidder #3 to pay $200? Or should he pay $152 (or some bid increment over $150)? Should sellers be required to list a bid increment in the rules of the auction?