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#11
04-02-2010, 06:23 PM
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You can only leave ceiling bids in alternate increments. This is a question I used to be asked time and again in my auctions. If you place the $2750 with a ceiling of $3250, your high bid will kick in only if somebody bids $3000. But if you bid $2750 with a ceiling of $3000, you've just taken two consecutive increments. At what level will somebody else be able to bid? He can't top your $2750 bid because you would be holding the next bid too. He would have to go straight to $3250. So you might as well have just bid the $3000. That may or be not be clear.
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