Jul 12 2012, 09:23 AM
QUOTE(Sophiera @ Jul 12 2012, 05:44 AM)
There's something I really, really, really don't understand
Here's the story.
I accidentally bidded on a 400k amulet for 800k which is double the last bid price (400k), so I thought that is going to burn and I'm losing 400k
Then, to my surprise, I received a refund of 400k because the last bid didn't move much.
But then my bro bidded on a 50k bracer for 200k. He should have received 150k aprox. as a refund, yet in the end the auction house showed up "200k-bid". In short, he paid the ceiling price of the bid.
Can somebody explain to me what is going on? Why I get a refund, but he didn't? Did they change something? Bugfix? Bugged?
Proxy bidding.Here's the story.
I accidentally bidded on a 400k amulet for 800k which is double the last bid price (400k), so I thought that is going to burn and I'm losing 400k
Then, to my surprise, I received a refund of 400k because the last bid didn't move much.
But then my bro bidded on a 50k bracer for 200k. He should have received 150k aprox. as a refund, yet in the end the auction house showed up "200k-bid". In short, he paid the ceiling price of the bid.
Can somebody explain to me what is going on? Why I get a refund, but he didn't? Did they change something? Bugfix? Bugged?
How it works is, you place your highest bid for an item you want. Lets say the current bid is 100k, but you think the item is worth 500k. You put in 500k, but the next bid would only be 110k. If no one bids on the item, you'll get the item for 110k and get 390k refunded. If lets say someone bids on the item, his bid will get rejected until he bids more than 500k.
In your brother's case, someone probably bid on the item right up to the 200k mark, but did not beat your brother's bid. Hence the ceiling price.
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