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#8
04-07-2010, 02:58 PM
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Jim- much to my chagrin the auction software I had did not necessitate alternate ceiling bids but allowed bidders to do it exactly as you said- if you bid 12K first and then they set their ceiling to 12K, they would be told somebody got there first who was the high bidder. Sounds fair, right?
Here is what really happens: bidders become irate, they don't understand what's going on, and they want to know why they were not high. They would call me at 1:00 AM to debate it, usually in the upper decibel level. To say it was a pain in the ass would be understating it. With alternate increments, that will never happen. Nobody will ever be tied. Last edited by barrysloate; 04-07-2010 at 03:05 PM. 
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