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BIDDING: Why did my bid price increase by more than the minimum bid increment?

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Question

Why did my bid price increase by more than the minimum bid increment?

Answer

This happens in the case of simultaneous bids and Bids below the reserve price. If two bids occur in close succession, the bid price is driven up by both bids and may appear to occur simultaneously, especially when other people have placed ‘maximum’ bids.

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