View Single Post
  #9 (permalink)  
Old 07-26-2009, 07:38 PM
deepsand's Avatar
deepsand deepsand is offline
WebProWorld 1,000+ Club
WebProWorld MVP
 
Join Date: May 2004
Location: Philadelphia, PA
Posts: 3,217
deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9deepsand RepRank 9
Default Re: Gigantic First Page Bid Estimates

In addition to the Quality factors mentioned above by Toni Anicic , it is important to remember that the maximum price actually paid is not your bid, but the higher of your bid and 1 cent above the 2nd highest bidder.

So, if the 1st and 2nd place bids are $65 and $50 respectively, the high bidder will not pay more than $50.01. His $65 bid simply makes it more costly for anyone else get the 1st display slot.
Reply With Quote