From: no@where.man   
      
   In article ,   
    sylvan butler  wrote:   
      
   > On Mon, 09 Oct 2006 23:12:06 -0400, Lamar Owen  wrote:   
   > > You're not directly bidding ...;  eBay   
   > > is bidding by proxy for you up to your max,   
   >   
   > That's the key that most ebay'ers seem to miss.  ebay is acting as the   
   > bidder's agent.  The bidder specifies the maximum, and ebay will outbid   
   > all others, by the minimum increment, up to but not exceeding the max.   
      
   Yes, exactly.    "Outbid" being the key word.    Highest bid determines   
   the selling price - as always.   
      
   > > and thus eBay has set the   
   > > price, based on the second highest maximum bid.   
   >   
   > Sort of, yeah.   
      
   eBay has set nothing.   I set the price by having the highest bid.   
      
   Mike   
      
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