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eBay hypathetical situation

J

Jiles

Well-known Member
This might be a silly question to some, but I was asked this question by a friend. He knows that I have bought a lot of items on eBay and asked me this hypothetical question.
Lets say a tractor part was listed and the bidding was with $15.00 shipping and bidding starts with .99 cents.
What would this items final selling price be if first bidder bid $200.00, (actual value of item is $150.00) there was four other bidders and bidding went up in $2.00 increments?
$23.99????
 
Depends on what the other bidders top bids were. High bid would be .99 over their high bid. It could be 23.99 or over 200. Plus shipping.
 
Bidder 1 bids 200.00; current high bid is bidder 1 @.99
Bidder 2 bids 2.99; current high bid is bidder 1 @4.99
Bidder 3 bids 6.99; current high bid is bidder 1 @8.99
Bidder 4 bids 10.99; current high bid is bidder 1 @12.99
Bidder 5 bids 14.99; winning bid is bidder 1 @16.99.

Add in $15 for shipping and the final price is 31.99.

This of course assumes each bidder other than the first one bids only the minimum bid, which seldom happens.
 
The way I understand...

If there is a "buy it now" price, it won't let you bid over that amount. If you're willing to wait until the auction is over, you can auto bid to 1 cent under the buy it now price. If no one bids, you get it for the starting bid price plus the next increment. If someone bids somewhere in between, you get it for the next bid increment. But, you're taking a chance someone will "buy it now", overriding the bids, you'll loose the item.

If there is no buy it now limit, you can sit and watch it, continue bidding up, or you can decide what you are willing to pay max, auto bid that amount. If you win you get it for the next increment over the highest bidder. If there is a matching high bid, the auction will extend, but you have to be there to continue fighting it out with the other bidders.
 
If the first bidder bids $200 and the next bidder bids
$150,then it automatically goes to $155..If I see something
worth $150 with a starting bid of 99 cents I'm going to bid
lots more than $2.99..I always bid with 5 seconds to go so I
bid all that its worth to me.

But if the following 4 bidders only raise their bid $2 each time
I believe that you would be correct at $23.99..
 
I think is sounds right in the way it is explained, all except the Buy it Now angle.

The Buy it Now is there so you can do just what it says, Buy it NOW. If you need it more quickly, you might need to pay a premium price.

And of course, talking to the seller can never hurt.
 
I don't understand, please clarify for me.

If the first bidder bids $200, why would the sales
price be less than $200?

Somethings not computing here for me.

Thanks
 
It takes another bidder to raise the bid..I have often been the only bidder on items and got it for the opening bid even though I bid more..
 
If the first bidder bid $200 and I put a bid of $150
the next bid would go to $152 I have done this
several times and if you put your maximum bid in and
someone has a higher max bid it will go to the next
increment over yours in one bid.
 
From what I understand about ebay is that after someone bids there is no Buy it now option and bidding can go as high as someone wants to bid.
 
So, If the first bidder bid $200.00 and there were no other bidders, and (no reserve) It would cost him $15.99.
Remember--we are talking about a hypothetical situation.
 
Regardless of what you bid, ebay enters and charges you only what it takes to buy the item.

If you bid $200, and other bidders bids only total $25, they would bump your bid to $26 and that's what it would cost you.

I might make an initial bid somewhat lower than the max I would go, just to see if there are any other bidders. If my first bid is outbid, then I'll go ahead and bid the max I would pay and see how it turns out.

By bidding just enough to outbid someone else, I've literally been outbid 10 seconds before the bidding ends. It's simpler to bid your max right off the bat, knowing it will still only cost you what it takes to buy the item.

It's a game. Everyone has their own strategies.
 
When you place a bid on eBay, that is your maximum bid. As other people bid, eBay will automatically increase your bid to the next increment above the next-highest bidder. There is a risk that a shill bidder will come in and try to bump up your bid in an attempt to find your maximum bid. If you find you've been outbid, then the item gets mysteriously re-listed, that's probably what happened.
 
Correct..Here are ebays bid increments if anyone wants to
know..I was wrong awhile ago,,,Between $100.00 and
$249.99 it only goes up $2.50..



Current price
Bid increment
$ 0.01 - $ 0.99
$ 0.05
$ 1.00 - $ 4.99
$ 0.25
$ 5.00 - $ 24.99
$ 0.50
$ 25.00 - $ 99.99
$ 1.00
$ 100.00 - $ 249.99
$ 2.50
$ 250.00 - $ 499.99
$ 5.00
$ 500.00 - $ 999.99
$ 10.00
$ 1000.00 - $ 2499.99
$ 25.00
$ 2500.00 - $ 4999.99
$ 50.00
$ 5000.00 and up
$ 100.00
 
Regardless if the first bidder bid $200.00 for an item, the final selling price including shipping would be $15.99 if nobody bid on it. If four more people bid $2.00 more each time it would just add $8.00 to the final price making it $23.99. The $200.00 would just automatically outbid others until someone bid more than $200.00.
 
The "buy it now" will disappear when the item receives a bid that satisfies the seller's required minimum bid. The real purpose of the "buy it now" is for an anxious bidder to have the opportunity to bypass the bidding and waiting for the auction to end. In the case of an item with a $.99 starting bid, and say a $10 "buy it now," as soon as the minimum bid is met, the "buy it now" will disappear.

IF....there is a reserve AND a "buy it now," the "buy it now" will remain until the reserve is met. Once the reserve is met, "buy it now" will disappear. Confusing, isn't it?
 
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