reserve

Would you mind giving us the auction # so we can look at it? Thanks.

rsmiller40

Could it be that your bid satisfied the seller's reserve and that's why you paid $150.00?
The previous bidder didn't make reserve, but your bid did.
Am I understanding you correctly?

-bjt

Some of the sites on Ebay such as Ebay motors does that now. This is a new Ebay policy.

rsmiller40

auction #s 2431572073 and 3624911185

I just looked at the auction and this is according to Ebay's new policy.

rsmiller40

quote:

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Originally posted by bjt:
Could it be that your bid satisfied the seller's reserve and that's why you paid $150.00?
The previous bidder didn't make reserve, but your bid did.
Am I understanding you correctly?

-bjt

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exactly what happened. I was not aware that my bid would if enough pay the buyers reserve.

Taken from eBay's Help:

The winning bidder must meet or exceed the reserve price and have the highest bid.



When you're bidding in a Reserve Price Auction, bid as usual, entering the maximum amount you're willing to pay for the item.
Watch the label next to the current price to see whether the reserve price has been met.
Until you see that the reserve price has been met, there have been no successful bids in the auction. Once the reserve has been met, the item will sell to the highest bidder when the auction closes.

If your maximum bid is the first to meet or exceed the reserve price, the effective bid displayed will automatically be raised to the reserve price.


Forgive me if I am misunderstanding your question, but I hope this is helpful.
-bjt

Yes, in Ebay motors, if you have a snipe or proxy that is as high as or over the reserve, Ebay will advance your bid to meet the reserve at the close. I just got the announcement from Ebay of the change in the Ebay motors section a short time ago.

rsmiller40

Thanks for the reply..Will be more careful in the future..

Bjt, normally you are correct, but for this section there was a change a short time ago.

rsmiller40

You are very welcome, Mellowlane! Glad I could help.

rsmiller40

Must take in more then e-bay motors as i also paid more for a recurve bow. lol cu

I had a somewhat similar experience awhile back.
I put in a bid amount thinking (foolishly) that no one would top it and I wouldn't end up paying nearly that much.

Well,...someone else had the same idea I guess, and at the close of the auction, we two snipers bid ridiculously high bids and I ended up paying $80.00 for a small stoneware bowl! OUCH!!

That is possible. I got the announcement because I was listing in the motors section.

rsmiller40

OUCH! is a good word, Bjt! LMAO!!!

rsmiller40

Say, Mrs M, can you direct me to the new policy on reserves?
I am interested. I think I am missing something.
Thanks!
Bjt

Look under help and the sub of policies. It might be there. When I listed a camper, I was told and it also listed some other sites, but I didn't pay enough attention to tell you what they were.

rsmiller40

Thanks!

I looked under "Reserves" so I may have been off track.

You are a wealth of eBay knowledge!

-bjt

No, not really, wish I did know more.

rsmiller40

So long as I have been on eBay, reserve price auctions have worked this way. (You bid and if your bid reaches the reserve price, it is automaticaly bumped up there, regardless of how far behind the other bidders are.) Am I missing something here?

Chatter, I have sold on Ebay for a long time . It did not used to be that way. There are still catagories that are not that way. You must be in the catagories where that happens....and Good morning to you!

rsmiller40

I just wanted to clarify that this does seem to have flowed over in all most (if not all) areas of Ebay and I have had it happen 4 times in the last month.

I actually had to retract a bid because of it - not something I would normally do, but I had a minor heartattack when I saw my bid jump waaaaaaaaaaaay up to the obvious reserve price a mega $150 above the bid amount.

What do you mean by this reserve policy being new? It's always been like that (well a couple of years anyway), i.e. the lead bid would jump to the reserve amount as soon as someone actually bid over the reserve, and in all categories, not just motors. Unless it was just a UK thing??!? Maybe someone can post the basics of the "announcement" or a URL because I can't see what's changed!

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I knew I was not going crazy!

The item # that I was given was in Ebay motors. They had a different policy until recently. I think it may still have that stated in their section on policies.

rsmiller40

I did just write an email to Ebay and asked them to clarify the notice that they sent me on the subject. I'll forward the reply when I receive it.

rsmiller40

It sounds like eBay Motors is now following the policy that has always (or at least long) been the geneal eBay policy.

It seems , Chatter...and Good Morning!

rsmiller40

I had the same experience a few days ago- I sniped it here and did a manual back up snipe since I was at the office. Both hit at the same second. LOL.

And my bid was advanced to the reserve amount. Glad it happened, even though the reserve was high, I wanted the item.

But I saw no other tall bidders and wondered if that is what happened, my bid was advanced to meet the reserve. Guess it seems logical, but I will snipe more carefully at items with ongoing reserves.

I guess you have to look at it in such a way that if you didn't expect to pay as much as your highest bid, you shouldn't bid so high.

I am always glad when my bid satisfies the reserve, because if it doesn't, I won't win the item!

quote:

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Originally posted by bjt:
I guess you have to look at it in such a way that if you didn't expect to pay as much as your highest bid, you shouldn't bid so high.

I am always glad when my bid satisfies the reserve, because if it doesn't, I won't win the item!

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Excellent, Bjt!

rsmiller40