Proxy Bids

25-06

This subject has probably been addressed before and I missed it. I was just outbid on an auction on GB and am curious as to why I was outbid by only $2.00 when the minimum bid increment was $5.00. I had a proxy bid of $198.00 and the winning bid was $200.00. I also had the bid at $178.00. Would someone please explain to me why the winning bidder did not have to outbid my proxy bid by the minimum $5.00 bid.

interstatepawnllc

Wow,....you got hosed.

If your gonna be stupid you better be tough !!

Mercury

It will ignore the minimum bid when it gets that close to the other person's max bid.

He had a max bid of $200, you had a max bid of $198 (bad idea......should have been $200.01 or something!).

Always bid a few more pennies over the dollar. I've won a lot of auctions that way.

Merc



NO! You may not have my guns! Now go crawl back into your hole!

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"Tolerating things you may not necessarily like is part of being free" - Larry Flynt

25-06

Mercury, if this is true then maybe Gunbroker should redo their site so it does pay attention to minimum bid increments. I am not griping about the fact that I got outbid, but about the fact that the apparent rules were not followed. What is the use of having a minimum bid increment if the site is not going to follow its own rules?

chris_ce

if you read the proxy bid rules it will explain it all
it is in the rules

chris