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

---

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