just another auction (verkman)

[thecatspajamas]

Originally Posted by whiteymet

Lance:

The 5% bump was NOT a bid increment, the bidder had to pay an EXTRA 5% bidder premium to bid on the lot AFTER 1:30 AM.

You're misunderstanding me. My point is that any time you raise the bid, the price is bumped typically by 10% increments. So if I'm watching an item someone else has bid on, I can either duke it out with them earlier in the evening when each punch costs an additional 10% and the chances of having to make multiple bids are higher, or I can wait until late at night when I'm pretty sure the other guy has gone to sleep (since EVERYONE assumes nobody in their right mind would pay the extra 5% juice to bid after 1:30), and throw a single punch for a 15% bump (10% bid increment plus 5% extra juice).

Personally, I've not bid in any of their auctions, so this is all theoretical. But my point is that you can't jump to the conclusion that the auction house is crooked just because a scenario that doesn't fit YOUR bidding strategy played out. Believe me, whatever system of rules are in place, there will be bidders looking to work that system to their advantage any way they can.

Lance