First bid advantage

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Avatar Sumflow 41 post(s)

A winning bidders maximum bid must exceed the current auction price by a full increment, but it only needs to beat the first losers highest bid by one cent to win.

As far as a time advantage goes, as long as you have the maximum accepted bid, it does not matter when you place it. But when two bids are the same price, or the later bids fail to exceed the first bid by a full increment, the first bid wins.