Quote:
Originally Posted by footfootfoot
I listed things with relatively low starting bids not realizing that a starting price under $250 only bids in 2.50 increments. So now some things are at $152.50. If I understand correctly, if person A sets a maximum bid of $500 for this item, started at $150. and then person B comes along and makes a maximum bid of $501, and there is no counter bid then the hammer price is $152.50.
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Is that really how it works? If a third person comes in with a bid of $160, does it ignore them? Do they have any way of knowing what they would have to bid to get it to go up to $155?