Ageless Wings wrote:

Hans and Paul...

I have placed 4 bids on this engine, and in a matter of minutes, I was

outbid.<<

Also, be aware that a bidder can place a bid at the HIGHEST amount he is
willing to bid...can be several thousand over the current bid.  eBay will
then automatically bid for him (a proxy bid)only what is needed to top all
current bids, up to the highest bid that the bidder is willing to make.

This is probably what you saw.

In other words, you don't have to place a bid just high enough to beat the
current bid.  You can place a bid that is what you think the item is worth,
and ebay will automatically, only bid enough to beat the highest current bid
(including any other proxy bids that may be pending).  This way, it's
possible that you can actually get it for LESS than your highest bid, never
go over how much you are willing to pay for it, and not have to be there to
place bids as your current high bids are beaten by others...eBay does it for
you up to the high bid you place.

Proxy bids are automatic... all bids on eBay are proxy bids ... to take
advantage of them, when you bid, instead of bidding just a few dollars
higher than the current one, place a bid for the maximum  you would pay.
The current high bid will only go up enough to beat all the other proxy
bids.  If it goes over your highest bid, it's because someone else placed a
higher proxy bid.

You can read about this bidding method that ebay uses here:

http://pages.ebay.com/education/tutorial/course1/bidding_3.html

Harley

 
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