Please note that the following information applies only to “standard” listing types where limit/proxy bidding is accepted. Since there are several possible scenarios please see the examples given below.

If you are bidding against at least one other bidder.

  1. If your bid exceeds the high bidders limit bid, the new high bid on the item will belong to you and the new high bid is the previous high bidders limit plus the minimum raise at that level.

EXAMPLE 1:
Prior to placing your bid, the current bid was $10 for bidder A. Assume bidder A has a limit bid of $15 (which you can’t see). You come along and place a limit bid of $18. Now the new high bid is $16 (assume the minimum raise at $15 is $1) and you are the new high bidder.

  1. If your bid does not exceed the high bidders limit bid, the new high bid on the item will belong to that bidder and the system will show the new high bid as your limit bid plus the minimum raise at that level.

EXAMPLE 2:
Prior to placing your bid, the current bid was $10 for bidder A. Assume bidder A has a limit bid of $15 (which you can’t see). You come along and place a limit bid of $13. Now the new high bid is $14 (assume the minimum raise at $13 is $1) and bidder A remains the high bidder.

  1. If your bid matches the high bidders limit bid, the new high bid on the item will belong to that bidder and the system will show the new high bid as the limit bid you placed.

EXAMPLE 3:
Prior to placing your bid, the current bid was $10 for bidder A. Assume bidder A has a limit bid of $15 (which you can’t see). You come along and place a limit bid of $15 too. Now the new high bid is $15 (assume the minimum raise at $15 is $1) and bidder A remains the high bidder since he/she bid first.

  1. If you are bidding on a reserve price listing see explanation below.

If you are bidding on a Reserve Price listing and are the only bidder.

If you place a limit bid equal to or greater than the seller’s reserve price, your bid is automatically raised to meet the reserve.

EXAMPLE 4:
Let’s assume the starting bid amount is $10 and the seller’s reserve is $20. If you place a $30 limit bid, the current bid will automatically go to $20 and “Reserve Met” is posted on the bid form (description page). A reserve price is the lowest price a seller is willing (and obligated) to sell an item for.