Stupid REA Question

[M's_Fan]

Originally Posted by T206Collector

Why does Honest Auto Bid skip every other bidding increment?

This is not a stupid question, its a great question that I've posted about before. You should be able to auto bid any increment you want. There is no logical explanation for this rule in my opinion.

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.

There is a simple way for this to be resolved. For example, if you are the high bidder at $1,000, you should be able to autobid up to the next level at $1,100 if you want. If someone else then bids $1,100, then you are now the high bidder at $1,100 because you bid first.

The person that also bid $1,100 would be informed that they have been automatically outbid, and they need to raise their bid to $1,200.

This is way better for bidders, because it gives bidders more flexibility. Its fair to bidders too, because the first person that bids a slot gets it. Its not confusing either, the losing bidder just thinks he's been outbid, and he has, someone else bid that price before him.

This would be better for consignors too, because the current system confines bidders to distant slots, which results in less bidding. Many times bidders don't raise their bid, because the next slot is too distant because of this rule.