Stupid REA Question

[glchen]

Originally Posted by Jim VB

It allows for you to bid, someone else to bid, and you to bid again (and repeat.) If it didn't skip bids, you could have two bids in a row, effectively setting it up so that the second bid could never happen.

Yea, I don't like this, but it probably favors consignors receiving higher bids. In other auctions, you wouldn't have these skip bids, so the auction would favor aggressive bidders who put a high max autobid. All ties would go to these bidders, because they put in the high bid first. Therefore, a good strategy would be to put in a high max bid, so that you lead in the auction, and would win all ties going to your max bid.