How Does Unique Bidding Work?
There are two parts of lowest unique bid; the bidding figure has to be unique, meaning it should not have been bid by someone else, and it has to be lowest one till the auction expires. As an interested customer you have to bid as low as possible for a product and that figure should not match with someone else’s bid.
For example, if you place a bid of 35 paise for a product and there is another customer who has also placed the exact bid, then for both the customers the bid will be acknowledged as non-unique. On the other hand if you place a bid of 37 paise and there is no other customer who has placed the same figure then your bid becomes unique. Now it boils down to the fact if it is the lowest figure in the entire auction or not. If yes then you get the product, but if there is another customer who has placed a lower unique price than you, then you obviously don’t win the product.