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maximum bid watch

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    okay, so i'm pretty new to the ebay 'thing', and am still trying to get my head around the bidding process...
    e.g. if there was a reasonably invaluable item for which the current bid was £5, and one was to enter a maximum bid of £150 per se, is it the case that the current bid (i.e. now yours) would increase only to about £6, but also that other bidders would be deterred from bidding, as they would be required to place a bid higher than £150? :confused:
    i hope i'm not the only one who finds this so perplexing
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    The current bid would increase to around £6, which everyone can see, but no one but yourself will know your maximum bid. What would happen is everytime someone tried to outbid you, ebay would automatically place a higher bid on your behalf up to your limit of £150, so unless someone bid higher than £150 you would win the item. Make sense?
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    For example, if someone bid 10 pounds, it would auto place an 11 pound bid. If nobody outbid £11, you would pay only £11.
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    Got it. Thanks
 
 
 
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