How does this work then???

2 bids at 18.58 and 18.59, and 1 bid at 09.59 on the same day but the 09.59 bid is higher

http://offer.ebay.co.uk/ws/eBayISAPI...tem=8020631590

 

The 1st bidder has just bidded a max price

 

Ist bidder bid Ł2.00
Then immediatley ( 10 secs later) bid Ł5.00 and set a max Greater than Ł26.99
You bid Ł25.99, first bidder auto bid to raise you.

Simple

 

When the other person bidded he/she got out bidded because the newcomer has put a max bid in (at 7pm) higher than 25.99

EDIT = Damn they beat me to it

 

It's called PROXY BIDDING Benn;

How Bidding Works
(this process is called proxy bidding)
Let's say you find something on eBay that you want... You're willing to pay $25.00 for it, but the current bid price is only $2.25. You could take the long route and sit at your computer, outbidding each new bid until you reach $25.00.

Luckily, there's a better way. Here's how it works:

Decide the maximum you're willing to pay and enter this amount.
eBay will now confidentially bid up to your maximum amount. In this way, you don't have to keep an eye on your auction as it unfolds.
If other bidders outbid your maximum at the end of the auction, you don't get the item. But otherwise, you're the winner--and the final price might even be less than the maximum you had been willing to spend!
Remember: eBay will use only as much of your maximum bid as is necessary to maintain your position as high bidder. Winning was never easier!


So if the item starts at say, 99p, and you bid Ł25, the current visible bid is still 99p. If the auction has 20p increments, the next bidder needs to enter Ł1.20 or more. SO they put in Ł5. Immediately the bid rises to Ł5, but your still winning. Why? Cos your max bid was higher than theirs. So that guy bids Ł6. Bidding goes to Ł6, your still winning. It will do this untill someone bids more than Ł25, which was your top bid.

Most poeple think that if you bid Ł25 for something an win then you have to pay the full Ł25. You don't, you only have to pay what someone else has bid it up to. So if you bid Ł25 and someone else bids Ł6 and there's no more bids and the aution finishes, you win the item for Ł6.

Of course it is dangerous as two can play at proxy bidding. I know someone who bid Ł3000 for a TV or something. Was only worth Ł150 max, but decided to whack in a whopping great bid so he couldn't be out bid. Sadly someone else thought they would try that aswell and bid Ł2000. So of course the bid jumped to the Ł2k, and this guy was left with a winning bit of Ł2k for a TV worth Ł150. And ebay bids are legally binding contracts He didn't pay of course, but nearly went to court over it

 

I know lets see how many people can say the same thing using different wording on this thread
Benn tell me you really arn't that thick

 

 

True, there's many ways to same the same thing, but I thought since no-one explained it in simple easy to understand terms, then I would

And Shhh!!! Just cos Benn's big and ugly doesn't mean he's thick