Question
An auction I was bidding on just ended. The last two bidders were shown as:
Bid Time Amount Bidder
16:25:32 $ 301.03 zapper
16:25:57 301.01 anchor
Why does the smaller & later bid show and why is the winning bid only 2 cents more?
Another question: sometimes the winning bidder is shown twice with the same amount and times. Why?
Thanks for bringing me in from the dark.
Answer
zapper's proxy bid was $ 301.03 and it was placed at 16:25:32
anchor's bid came in 23 seconds later and it was for $301.01
Zapper's bid was higher, so it held.
Hope that helps.
Elaine
And Welcome to here!
Forgot to answer the second part... I think that happens when the top bidder is concerned that he might need a higher proxy and enters it, but it's not needed to win. (But that's just speculation. I have no proof...) Maybe the first proxy was exactly the amount needed to keep the win....?
Answer
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Why does the smaller & later bid show and why is the winning bid only 2 cents more? <HR></BLOCKQUOTE>
The smaller bid is shown to let the winner bidder know who is the underbidder. The winning bid differential is only 2 cents because prior to these two bids, the current price was at least one increment below the underbid of $301.01 - otherwise, the $301.03 bid would not be accepted.
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Another question: sometimes the winning bidder is shown twice with the same amount and times. Why? <HR></BLOCKQUOTE>
The winning bidder placed multiple bids. This can be due to placing a higher bid subsequent to initial bid. Sometimes, one can be sniping with multiple services and thus placement of the same bid multiple times.