Post
Topic
Board Auctions
Re: ## 1320 ASICMINER DIRECT SHARES @0.29[btc] - 7 DAYS AUCTION - ESCROW POSSIBLE ##
by
User705
on 01/12/2013, 00:07:14 UTC
...

Quick question that was raised before by me.  There are some overbids here and in general auction rules they simply get filled at lowest available price.  Original description doesn't mention that.  OP can you clarify how you see it please.

Im not quite sure if i know what you mean but there are 34 bidders that lost their shares completely and didnt bid back in. One guy lost 2 of his 3 shares. I still have this list of dropped out shares.

If you mean something different please explain more detailed.
There are a few bidders myself included who have a bid that's above the .32 needed to win this auction.  I personally bid higher in order to not have to keep checking and also to be the 1st bidder at that level if it would have gotten that high.  In general auctions it's called an absentee bid.  And generally if a bidder wins an absentee bid they don't pay the max price they bid but pay the minimum price it takes to win.