Recently I had just the opposite experience (I think). I was outbidding
another bidder, but my "first" max was just below the reserve. I had
another bid "on deck" to inject in the last 10 or 15 seconds, just in case.
It turns out that this max was well above the reserve. I think that e-Bay
took the max on this last bid and increased the amount I was "bidding" in
order to meet the reserve. I'm guessing here, but "my" final bid was an
increment larger than the jump it would have taken to beat the next bidder.
Larry
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> -----Original Message-----
> From: owner-olympus@xxxxxxxxxxxxxxx
> [mailto:owner-olympus@xxxxxxxxxxxxxxx]On Behalf Of Clayton Smith
> Sent: Thursday, July 18, 2002 4:53 AM
>
> Roger, I don't think it does work that way, unless eBay has
> changed anything
> recently. I have entered maximum bids that turned out to be above a
> seller's reserve price, but because the next highest bidder's bid was well
> below the reserve and my bid was only bumped up by the necessary increment
> to top that one, the final result was "reserve price not met."
>
> ----- Original Message -----
> From: "Roger D. Key" <rdk@xxxxxxxxxx>
> Sent: Thursday, July 18, 2002 2:09 AM
>
> > As far as I remember, the moment that you bid over the reserve
> ($125), you
> > bid is entered at $125 and the auction states "reserve met". Your bid
> would
> > then be automatically increased to $130 if other bids come in.
> >
> > Roger Key
> >
> >
> > Maybe an example is in order. Let's say I'm in a bidding war and my max
> > is $130, and the Reserve is $125.
> >
> > If the present bid is only $99, I become the Highest Bidder at an
> > increment above $99, right? I think the "present" bid would be my $100,
> > right? If I'm willing to spend $130 and the reserve is $125, does the
> > system match us up in the closing seconds, giving the Seller a sale at
> > his $125 reserve?
> >
> > Or do I as a buyer, need a competitor to "push" my bid up to the reserve
> > price? The help file I found explains a Reserve Price Auction in a
> > very short paragraph and doesn't address this.
> >
> > Thanks,
> >
> > Jim L'Hommedieu
> > (Lamadoo)
>
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