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#360030 - 12/02/11 09:09 PM A Question about the auction.
Gr8_White_North Offline
connoisseur

Registered: 07/12/09
Posts: 2255
Loc: Whitehorse YT
If i am interested in something in the auction and i have a limit of what i want to spend. Will the auction site increase my bid in increments until my limit is reached or do i have to sit at my computer and increase my bid each time the bid goes up. Say i have a limit of 900 dollars,and the current bid is 750.00, if i place a bid of 900.00 does the bid go from 750.00 right up to 900.00 ?
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What others think of me is none of my business.
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#360040 - 12/02/11 09:35 PM Re: A Question about the auction. [Re: Gr8_White_North]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 18044
Loc: NoVA
My understanding is that it will operate like eBay, and will increase the bid in increments which should be cited in the auction listing. I would however test this with a smaller bid than $900.
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#360042 - 12/02/11 09:43 PM Re: A Question about the auction. [Re: Ken.C]
Gr8_White_North Offline
connoisseur

Registered: 07/12/09
Posts: 2255
Loc: Whitehorse YT
i would hope it is like ebay,like you say i guess i should just try with a smaller bid. I am a hangback bidder and dont want to cause any undue bidding lol. On ebay i snipe when i really want something. Ill give it a go and report back i guess
_________________________
DOG is GOD spelled backwards.
What others think of me is none of my business.
M80 V3 MY GLOSS Cherry

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#360043 - 12/02/11 09:51 PM Re: A Question about the auction. [Re: Gr8_White_North]
Gr8_White_North Offline
connoisseur

Registered: 07/12/09
Posts: 2255
Loc: Whitehorse YT
So i tried it and it did increase the bid by 10.00 though i bid 20.00 . it has funny wording when you commit to the bid.( "By clicking the button below, you commit to pay the full 900.00 USD thus buying the item from the seller if you are the winning bidder") I interpret this to mean even if the winning bid is 750.00 i would still pay the full 900.00 at the end of auction.
i looked for more info but their auction information is lacking.
_________________________
DOG is GOD spelled backwards.
What others think of me is none of my business.
M80 V3 MY GLOSS Cherry

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#360057 - 12/03/11 06:24 AM Re: A Question about the auction. [Re: Gr8_White_North]
MarkSJohnson Offline
shareholder in the making

Registered: 09/27/04
Posts: 11444
Loc: Central NH
I would write to Axiom for clarification well in advance of the ending time, just so you can feel confident to bid with gusto! smile
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::::::: No disrespect to Axiom, but my favorite woofer is my yellow lab :::::::

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#360062 - 12/03/11 10:01 AM Re: A Question about the auction. [Re: MarkSJohnson]
SirQuack Offline
shareholder in the making

Registered: 01/29/04
Posts: 13572
Loc: Iowa
I got my VP180 for the starting bid price, which was below the "Buy it now" price. It helped that noone else bidded.
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#360065 - 12/03/11 10:29 AM Re: A Question about the auction. [Re: SirQuack]
Amie Offline

connoisseur

Registered: 02/06/02
Posts: 1625
Okay . . . I'm no mathlete, but here is the explanation Brent just gave me and I think it will make sense to the mathletes in the crowd:

When a user places a bid, it will only go up to the next bid increment, unless someone else bids and then it will go up to the next increment unless it exceeds the users maximum bid.

Let's say an item is listed at $250. Bidder "A" places a bid for $270. The bid increment is $2.50 for this price range, so the bid for the item will only go up to $252.50. Now bidder "B" places a bid for $260. It is not enough to beat bidder "A"s maximum bid so bidder "B" receives the notice that you have just received, and the item price will go to $262.50.

This system is called proxy bidding and it lets bidders comfortably place their maximum bid and not have to keep watching the auction to see if they are outbid, while only paying the lowest amount possible.

You can view the bid increments table here:

https://deals.axiomaudio.com/viewfaqs.php?cat=3#12 https://deals.axiomaudio.com/viewfaqs.php?cat=3#12

I hope this all makes sense and isn't too confusing!
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Amie Colquhoun
Axiom Audio

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#360068 - 12/03/11 12:18 PM Re: A Question about the auction. [Re: Amie]
dakkon Offline
connoisseur

Registered: 02/08/04
Posts: 1863
Amie, if something is on the auction site, and you don't want to bother with the "auction" and it is a Axiom seller product with a buy it now price listed, can you just call Brent/JC and buy the item?


I ask because i am waiting for an EP600 to show up...

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#360069 - 12/03/11 12:20 PM Re: A Question about the auction. [Re: dakkon]
Ken.C Offline
shareholder in the making

Registered: 05/03/03
Posts: 18044
Loc: NoVA
Why not just click "Buy now?"
_________________________
I am the Doctor, and THIS... is my SPOON!

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#360071 - 12/03/11 12:25 PM Re: A Question about the auction. [Re: Ken.C]
dakkon Offline
connoisseur

Registered: 02/08/04
Posts: 1863
Id rather talk to Brent or JC.

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