Quote:
Originally Posted by Halcyon
No. It just means that if someone comes along and puts the next bid in then they will be the current higest bidder replacing you.
let's say there is an item at £2. I would put a bid of £5 so when the next person goes to bid £2.50, £3, or £4, you will still be the highest bidder upto the maximum bid you placed. So you might get the item at your original £2 but in case someone bids you have a chance with your maximum bid.
Ofcourse if the bidder goes over your £5 maximum then they are the leading highest bidder.
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I tend to hold back on the maximum I am willing to pay and make a bid 15/20% under and try to be home when the auction ends and add the final bit with 30 seconds spare. If I am beat then I dont mind ( obviously on low cost items I dont try this)