Quote:
Originally Posted by Kerr
For example if someone has entered £100 as their maximun bid but the current auction price is £50, ebay will keep prompting you to increase your maximum bid by small increments until you pass £100.
If you don't bid higher than his £100 you will just push the auction price up to slightly more than your bid.
You have no way of knowing what the other person has bid.
Just set your limit, know the value of the item and don't get carried away.
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This is correct and is the only logical way to do it. It ensures the best price for the seller and the buyer and makes it fair for all the bidders.