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The Chip Board Archive 10

Re: Why he bid against himself?

He didn't really intend to bid against himself, he placed an "insurance" bid.....in case of last-second snipe bids higher than his $1800.01.

We don't know what his last bid actually was (it could have been anything from $1825 on up) the proxy bid amount is all that will show on the bidding history. (The bid could have been $3000, for all we know.)

The reason $1825 showed is because that was the next increment for the proxy bid (previous bidder was at $1800).

Had he not placed the last bid (that shows as $1825) he would have won he auction for $1800.01, which was the highest bid, to that point.

I don't know if this explanation will make things clearer or muddier!! rofl

grin

Messages In This Thread

That Chip is Magnetic
Re: That Chip is Magnetic
Archie, I guess your galley proof has a ....
Re: Not really Jim ...
Re: Really
Re: Really
Re: Not really Jim ...
Re: Because ...
Re: Because ...
Re: Why he bid against himself?
Re: Why he bid against himself?
I DISAGREE
Re: If, if, if, if .....
No if in my message, FACT
Re: Read my message again Ron....
Understand the point, Archie
Understand the point, Archie
Re: I understand the point, Ron
Obviously you don't
Re: Obviously you don't
Re: That Chip is Magnetic

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