Hello,
I started this product at £ 10.00 and it has 4 bids with an increment of £ 5.00. Why is it still at £ 15.00 with 4 bidders?
Because the current price will always be the second highest bid. For example, if that auction finish like this, then the user z***9 will win the auction for a price of $15.
And even if the bid isn't finished, then every use will bid until the reach the price $35 and they will then be the current winner of the auction with a current price set to $35 if "z***9" have the 2 highest bid.
Also how come the 3rd bidder is the same as the second? Also if it is set at increments of 5 then why does it go from 15 to 35 in the auction history?
Because :
- O**S have bid for the starting price : $10 so the current price is $10
- T**e have bid for $15 ; the current price is still $10
- a**e have bid for $15 ; the current price is now $15
- z**9 have bid for $35 ; the current price is still $15 (the second highest bid)
At this point, everyone but z**9 is loosing the auction for $15 and will win the auction when they will bid for an amount higher than $35