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  • 11:04:00 am on June 8, 2015 | # | 0

    Ed, to figure that out one must know what was the bid showing at the time you placed the bid.

    The bid showing was $49.99 and that bidder had placed a max bid of $55.33.
    You were required to bid at least $50.24
    But since you placed a max bid of more than one increment it over rides the system and goes automatically to one increment over the second highest bidder or your max bid whichever is less.

    You could have won with a bid of $55.34 and if you had placed a max bid of lets say $100 you would have won it at $55.83
    Bid increments – under $50 (25¢) $50 – $99.99 (50¢)

     

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