Question on GB "Buy It Now" pricing

the yooper

February 24, 2015 16:12

OK GunBroker experts. How does a Buy It Now auction with a BIN price of $26 get to its current bid of $29 and still going? Here's the auction:
468099535. I thought that when somebody agreed to "BIN" the auction ended. What am I missing?
yooper

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  perry shooter

  February 24, 2015 16:44

  no one clicked on BIN they just entered a NORMAL BID

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  NeoBlackdog

  February 24, 2015 16:49

  That's what happens when you don't pay attention!
  Whoever placed the bid didn't hit the BIN button, they just put in a normal bid and cost themselves extra money.

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  Cheechako

  February 24, 2015 16:50

  There are 3 bids. The current high bidder is obviously bid #3. One of the other two bids must have screwed up. It happens.

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  tsr1965

  February 24, 2015 17:02

  In order to Buy It Now, you have to click the Buy It Now button. Anything else is just a normal lowly bid...

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  Spider7115

  February 24, 2015 17:23

  Some people will bid the "Buy it now" price as their maximum, thinking if they can't get it for less, the auction will automatically stop when it hits their maximum bid since that was the original "Buy it now" price. It doesn't work that way as they often - and regrettably - find out.

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  mark christian

  February 24, 2015 17:45

  You must physically click on the Buy It Now button. In the case below, simply bidding $1549 will not automatically win the item and end the auction.
  
  

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  toad67

  February 24, 2015 19:18

  Brown colored liquor does funny things to a guy when they go to bid[;)]

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  tangara

  February 25, 2015 05:41

  I won a auction awhile back where the bid went higher than the bin. I hit the bin button an won.

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  the yooper

  February 25, 2015 06:35

  You're right. I forgot to enter stupidity into the factor. How silly of me.
  yooper

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  Don McManus

  February 25, 2015 09:36

  Not necessarily stupid, but probably.
  
  If someone wants an items with a BIN of $ 1,000.00, but are willing to pay $ 1,200.00 for the item and think they may be able to get it for $ 800.00, they may enter an autobid of $ 1,200.00.
  
  This will take the BIN out of play, and if no one bids to the BIN, the guy that bid $ 1,200.00 will get the item for under the BIN price.
  
  Twer it me, I would hit BIN if I was willing to pay more for the item, but some folks hope to get a little more for less.

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