$7,500 for an Xbox on eBay.....How?

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13 years 2 months

Posts: 9,690

Oh, yes, of course.....it's in the Daily Mail!

Except that you can't win an auction for $7,500 by bidding $7,500 because the auction format used on eBay only allows you to outbid the next highest bidder by a fixed increment and at $7,500 the bidding increment is $100...

...so the only way that you could have a bid accepted for $7,500 is if somebody else (you can't bid against yourself) placed a bid for $7,400?

If the Xbox was $70 as the story says, and nobody else bid, a $7,500 bid would win the Xbox for $71!


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