Can someone explain this?

[Donscards]

On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don

[savedfrommyspokes]

Originally Posted by Donscards

On the 2 $700 bids the high bidder bid $700---the underbidder also bid $700 and ebay takes the first bid---anyone that bids now would knock off the $700 bid. Don

Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.

[JollyElm]

Originally Posted by savedfrommyspokes

Good reason to not bid at an even amount, I have a fair number of auction wins by bidding at just a small increment over an even amount... ie.$702.07, etc.

Shhh. You're giving away a secret.

[savedfrommyspokes]

Originally Posted by JollyElm

Shhh. You're giving away a secret.

The "secret" wasn't the point...the point is that I (continue to) win a fair number of auctions because I barely outbid the very small percent of bidders who don't execute this simple "secret" bid strategy.

[iwantitiwinit]

Yup great strategy overbid for a card by 500 so you can employ the "bid .01 over an even amount to win it technique".

[savedfrommyspokes]

Well at least the 3rd highest bidder (who only over bid the speculated value by $400) bid an odd dollar amount as their high bid ($605 vs $600) demonstrating some sort of bidding strategy. The 6 highest bidders, who all bid more than the speculated value, must all have known something that none of the respondents to this thread know.

[Leon]

Seems like a lot of money for that card, regardless of strategy.