From: kr-lund@nogarbage.online.no   
      
   Mike wrote:   
   > Knut Roll-Lund wrote:   
   ...   
   >> it is the second highest   
   >> bid that decides the ending price...   
   >   
   > No, it's the highest bid, regardless of when it was placed.   
   >   
   > If an item is currently at $50, for example, I can bid $500 if I want it   
   > bad enough.   If my bid is the highest, the price will now be $51.   
   > Someone else can come along - at any time - and bid $200.   My bid will   
   > automatically outbid that, and the price will now be $201 with me as the   
   > highest bidder.   
      
   You are contradicting yourself. The selling price in your example became   
   $201 and what decides that; the $200 bid (actually the step is more than   
   $1 at that level, $2.50 making the selling price $202.50 I think).   
      
   This favors the buyer because he pays less than $500.   
      
   The only time the highest bid decides the selling price is when it is   
   same or less higher than the step from the second highest (or it is the   
   only bid and at minimum bid or reserve...).   
      
   > In my mind, eBay is perfectly fair.   Highest bid *always* wins,   
   > regardless of when it was placed.   First second or last second doesn't   
   > matter. Highest bid is the winner.   
      
   Agree there. To overcome the sniper you just bid high enough in the   
   first place, either you win or the sniper will pay too much ;-)   
      
   --   
   Knut   
   (delete 'nogarbage.' for email)   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)