As I say, current item price is determined by current SECOND best bid.
If we assume $1 price step, a current price of $20 means that second best is $19. The top bid is a complete unknown. It could be 20, could be 50, could be 500. Then your $100 bid might result in price becoming either 21, or 51, or 101(the $500 guy remains top bidder). You never know what are you up against when you submit a bid, so it is important to never bid more than you are prepared to pay. Cause if you slam at very last second with a 1000, and the current top guy had 500, you'll be winning the auction at a whopping $501.
If we assume $1 price step, a current price of $20 means that second best is $19. The top bid is a complete unknown. It could be 20, could be 50, could be 500. Then your $100 bid might result in price becoming either 21, or 51, or 101(the $500 guy remains top bidder). You never know what are you up against when you submit a bid, so it is important to never bid more than you are prepared to pay. Cause if you slam at very last second with a 1000, and the current top guy had 500, you'll be winning the auction at a whopping $501.
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