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!
Posts: 9,739
By: Creaking Door - 6th October 2015 at 09:59
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!
http://www.dailymail.co.uk/news/article-3260725/That-s-paid-mom-s-car-Father-reprimands-son-bidding-7-500-Xbox-eBay-instead-75.html