|
chart # 1 |
|
13.15 |
highest unique |
|
13.13 |
unique (yours) |
|
13.10 |
unique |
|
13.05 |
unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
As you can see, the
$13.15 bid is the highest unique (HUB) at the moment and you
have entered 5 unique bids. Maybe you have entered a total of 10
bids, but only 5 of them emerged as 'unique', since nobody else
has entered those amounts (yet).
Now suppose that somebody at this stage enters a bid of $13.20
that appears to be unique. This takes away the HUB status of the
$13.15 bid because that amount has now been surpassed by another
(higher) unique bid. The $13.15 status goes from HUB back to
'unique'.
The highest unique bid in this situation has gone UP, so the
following chart applies:
|
chart # 2 |
|
13.20 |
highest unique |
|
13.15 |
(back to) unique
|
|
13.13 |
unique (yours) |
|
13.10 |
unique |
|
13.05 |
unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
If someone now
enters a bid that is higher than $13.20 (because one can bid up to
$20), the above would repeat itself and the highest unique bid
goes up again.
But there comes a time, normally when the reserve has been
reached, that the auction will run out of unique bids at the top
of the scale, so what happens then is the following:
Lets assume that $13.20 is the highest unique bid (as in chart #
2) and that somebody now also enters a $13.20 bid into the
auction. This bid now knocks off the 'highest unique' status of
the $13.20 bid, it degrades it to 'not unique anymore' and the
computer starts searching for the nearest highest unique bid which
happens to be $13.15 again! This takes less than a split second
and we now see that $13.15 has got its HUB status back. WOW! That
member will be happy! She thought she lost her HUB status but
now's got it back! Look at the situation
|
chart # 3 |
|
13.20 |
not unique
(knocked off) |
|
13.15 |
highest unique
(again) |
|
13.13 |
unique (yours) |
|
13.10 |
unique |
|
13.05 |
unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
Now, someone enters
a bid of $13.15 and BINGO! $13.15 lost HUB status and since your
$13.13 bid is the highest of all unique bids now, it gets HUB
status!
Fantastic! You've got it!
The HUB is now coming down and let's hope that no-one will bid
$13,13 before the auction closes because that would knock your HUB
status off.
So fingers crossed!
Here's the chart for this moment:
|
chart # 4 |
|
13.20 |
not unique
(knocked off) |
|
13.15 |
not unique
(knocked off) |
|
13.13 |
highest unique (yours) |
|
13.10 |
unique |
|
13.05 |
unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
But as you wake up
in the morning... guess what? Some nasty person has entered a
$13.13 bid which knocked off your HUB status, at the same time
degrading it to 'not unique' anymore. OUCH!
But hey... you are still fully in the swing of the auction and
your opportunities have not ran out yet. Look at this: $13.10 is
now HUB.
|
chart # 5 |
|
13.20 |
not unique
(knocked off) |
|
13.15 |
not unique
(knocked off) |
|
13.13 |
not unique (yours)
(knocked off) |
|
13.10 |
highest unique |
|
13.05 |
unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
As you are at work
you cannot help yourself so you take a sneak peep in the auction
and HURRAY! $13.10 has been knocked off and you have the HUB back,
since you earlier entered a unique bid of $13.05 which now has
been recorded as the HUB.
Here's the scenario
we are now in:
|
chart # 6 |
|
13.20 |
not unique
(knocked off) |
|
13.15 |
not unique
(knocked off) |
|
13.13 |
not unique (yours)
(knocked off) |
|
13.10 |
not unique
(knocked off) |
|
13.05 |
highest unique
(yours) |
|
13.01 |
unique
(yours) |
|
12.96 |
unique |
|
12.86 |
unique |
|
12.80 |
unique
(yours) |
|
12.77 |
unique
(yours) |
|
12.75 |
unique |
As you can see in
chart # 6 you can afford to be knocked off now again because
the HUB would drop onto your $13.01 automatically (which is again
your bid) and further down another 2 times. ($12.80 & $12.77)
But it would be smart to try and see if you can secure your HUB
status even more by entering: 13.00-12.99-12.98 & 12.97. If these
bids would come out as unique, you would have given yourself
another 4 protection entries for your HUB.
So in summary, it is essential to enter your bids in the early
stages of the auction in order to have a greater opportunity to
become successful bidder.
The opportunity to secure the HUB is much greater in the early
stages of the auction since there is normally low competition of
other bidders yet.
Try to get a highest unique bid status on a level that you feel
comfortable with as soon as the auction starts and then keep on
bidding downwards, increment by increment, so you'll protect your
highest unique bid for a long time when it becomes knocked off.
When your HUB is knocked off, it will jump one bid lower which is
again YOUR unique bid and so on.
In normal auctions, participants tend to wait till the last moment
to enter their bids. This is not a strategy you should use in HUB
auctions. If you enter as many bids (within your budget) early and
they are all attached to each other,
(eg. 10.01-10.02-10.03-10.04-10.05 etc.) your opportunity to
become the successful bidder becomes enormous.
We hope this has cleared the air so you will be entering your bids
with the confidence that they are not wasted. Should you still have
questions, do not hesitate to email us
here. We love to
help.
