Quote:
Originally Posted by POS
Too many skeptics. When you place the first bid, it gets registered as that first bid. In this case, $5000. However, the bidder can come back and up his bid in case someone else tries to enter the auction. If he does that, his bid doesn't go up to his maximum, it stays at the $5000 because he can't bid against himself, but it does get registered as another entry. So, he bid once. Then came back and bid again, but until someone else bids against him, it'll just show two bids at $5000.
This is normal. Probably not shills.
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Okay, bear with me here because apparently I am a little slow on this topic. The starting price was 4K. Someone bids 5K. And then 23 seconds later, that same person bids some amount more than 5K. But we don't know the value of that second bid because there is only one bidder involved.
If that occurred, why was I ever able to find out about the 5K? I guess I just don't understand how the price ever got above the starting price with only one bidder? Is it as Tyler said above that the 5K was probably the Reserve value? It just seems funny to me that during an auction, the price of an item could increase dramatically with only one bidder (Stop raising your paddle, idiot!).