You are correct Tom. In the example given a bid of $60.00 will trigger the
reserve and the highest bid will show up as $50.00, if no one else bids you
would get it for $50.00.
Jim Couch
Tom Scales wrote:
> The short answer is yes, you'll get it for the $50. What I can't remember
> is whether your bid will show as $26 or $50. I seem to remember that when a
> bidder bids enough to cover the reserve, it immediately jumps the bid to the
> reserve. Is that right?
>
> Tom
>
> > Here's a thought that I had about Ebay's reserve prices that doesn't
> > seem to be answered in their docs. I figure someone here will probably
> > know the answer.
> >
> > Suppose there's an item with a starting price of $1.00 and a reserve
> > price of $50.00. cheapbidder puts a pid in for $25.00. Obviously, that's
> > his maximum bid, so being the first bidder the current bid is at $1.00
> > and the reserve price isn't met yet. Now then, if I come along and put
> > in a bid for $60.00, I will automatically outbid cheapbidder and the
> > current bid will be at $26.00 (assuming a $1.00 bid increment) with the
> > reserve not yet met. Now here's my question, suppose that's all the bids
> > the item gets before the auction ends, will I get the item? It would
> > make sense for Ebay's system to compare the current high bidder's max
> > price with that of the reserve price and, if the bidder's price is high
> > enough, place an appropriate bid at the end of the auction to meet the
> > reserve price. That would be the logical way to handle this situation.
> > The seller has said, "I won't sell this item for less than $50.00" and
> > I've said, "I won't buy this item for more than $60.00". However, I also
> > have had enough experience with Ebay to know better than to expect this
> > type of automatic action. So, what happens? Does my bid automatically
> > get raised to $50.00 (which is still less than my maximum price) in
> > order to meet the reserve or does the auction end with the reserve price
> > not yet met?
> >
> > If it won't automatically raise the bid, then this seems like a crucial
> > flaw in the design of Ebay that could mean that a reserve auction
> > wouldn't sell, even though there's a buyer willing to pay the reserve
> > price and who has placed a bid on the item.
> >
> > --
> > Andrew "Frugal" Dacey,
> > frugal@xxxxxxxxxxxxxxx
> > http://www.tildefrugal.net/
> >
>
> < This message was delivered via the Olympus Mailing List >
> < For questions, mailto:owner-olympus@xxxxxxxxxxxxxxx >
> < Web Page: http://Zuiko.sls.bc.ca/swright/olympuslist.html >
--
Jim Couch
Tacoma, WA USA
< This message was delivered via the Olympus Mailing List >
< For questions, mailto:owner-olympus@xxxxxxxxxxxxxxx >
< Web Page: http://Zuiko.sls.bc.ca/swright/olympuslist.html >
|