but i didn’t know that at the time of bidding the $75
and once that bid’s been upped by mike’s $100, what’s the point of backing out?
cancel third world debt!!
(kinda)
you are missing more than one point.
dave is willing to pay $75, mike is willing to pay $100. before either of them make a bid, dave backs out. mike places his $100 maximum bid on ebay. if the starting bid is $50, and no one else bids, mike gets it for $50.
-eric
i am that talented, yes