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With manships auction you pay one increase above the price it is when you bid. Eg if its 100 and increasements are 10 pounds. You bid 160 you are the highest bidder at 110, if someone bids
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With Anglo American, your bid is what is put onto the system as the top bid. I.e if the currrent bid is £100, you bid £150 it goes to £150. JM's auction is similar to ebay with increments.
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the only ones that are totally transparent are Manships and Ebay where all can see, John can supply a print out of the bids
Sorry if this has been posted before, if so please guide me in right direction...
If I was to see a record for auction ie on manships , Tim browns, pat bradys auction pages, Someone told me to be careful about what you bid as you will pay your bid price even if the price bid below yours is a lot lower.
If anyone can clarify it would be appreciated
Thanks in advance
Mick