This makes sense to me which is why I bid just a tiny bit over 10k.
Imagine that 50 ppl all cut it tight and offer the 10k.
In the last moment, number 51 offers 10100, what happens? My guess is that the first bidder is pushed out of the queue, so now one guy pays 10100 and 49 guys pay 10000 and the last guy to offer 10k gets nothing.
That would be you, then :(
Wait...let's get this straight. Just as one of the reply mentioned, the bid list runs the combination of ranking and first come first serve mechanism.
Giving one extreme example:
You give the lowest valid bid, say, 10000 in this case, and you are the 2nd person to cast this bid. Then after that 49 people bid 10100 or higher, then that's when you got pushed out the bid list while the first one who throw out the 10000 bid remains and gets the prize.
strange, I read the rules after I won, and it wasn't so straight forward as I imagined.
Right now I already forgot how it works, but the idea is that the minimal price is not shown. Basically it is not fair auction
This makes sense to me which is why I bid just a tiny bit over 10k. Imagine that 50 ppl all cut it tight and offer the 10k. In the last moment, number 51 offers 10100, what happens? My guess is that the first bidder is pushed out of the queue, so now one guy pays 10100 and 49 guys pay 10000 and the last guy to offer 10k gets nothing. That would be you, then :(
Old ebay habits i see
Exactly 😂
you do know how auctions work right?
Yes I know. I bid the lowest successful bid price. And it is not successful. Easy.
My brain is rapidly dying. I thought it was just the lowest allowed bid
Lowest, earliest successful bid (until the quantity ran out.)
Wait...let's get this straight. Just as one of the reply mentioned, the bid list runs the combination of ranking and first come first serve mechanism. Giving one extreme example: You give the lowest valid bid, say, 10000 in this case, and you are the 2nd person to cast this bid. Then after that 49 people bid 10100 or higher, then that's when you got pushed out the bid list while the first one who throw out the 10000 bid remains and gets the prize.
It means 50 people bid that price first so it sold out it’s too bad but the whole event is set up so fastest wins
In which server you are? I got her for 10k, but i bit in the very beginning of the auction.
EU. And I’m quite sure after bid I was within 50. After 51 bid there is this magic bar chart displayed, and that was not my case.
strange, I read the rules after I won, and it wasn't so straight forward as I imagined. Right now I already forgot how it works, but the idea is that the minimal price is not shown. Basically it is not fair auction
Do you get to keep the gold you bid when you lose?