Francis, you have my sympathy. These things are are as mysterious to me as
roulette, or puts and calls on the stock market. After Lee, who is usually
a model of clarity, finished, I just said, "Huh?". I think I am brain
damaged in this area.
Winsor
> lee,
>
>have just been monitoring the messages from the newsgroup. but this time
>you have me confused. i have never bid on anything before so i don't know
>the mechanics of this. first of all, what is the reserve amount and who
>determines it? next, what is the function of the reserve amount?
>
>R. Lee Hawkins wrote:
>
>In your message dated: Wed, 27 May 1998 11:36:51 PDT you write:
>>R. Lee Hawkins wrote:
>> The URL is listed below.
>>> >
>>>
>>>><http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=15195874>http://cgi.eba
>>>y.com/aw-cgi/eBayISAPI.dll?ViewItem&item=15195874
>>>
>>> Anybody have an idea what a reasonable price is for this item?
>>> Apparently the reserve is over $200....
>>>
>>> Cheers,
>>> --Lee
>>>
>>--
>>
>>How do you know it's over $200 ?
>
>Because, eBay lets you set a maximum bid. As other people bid, your bid
>is automagically increased to outbid them, up to your max... AND, if
>your max bid equals or exceeds the reserve amount, your bid is increased
>to the reserve amount.
>
> here i get confused again, how do you increase your bid if it exceeds the
>reserve amount already?
>
> I bid 150, then $200, and my bid was not
>increased to the reserve amount, thus my deduction that the reserve
>amount must be greater than my maximum bid, $200.
>
>
> are we to assume that you put a bid on this one? good luck then, i h ope
>you get it!!
>
>
>Cheers,
>--Lee (Sherlock Holmes) Hawkins
> francis
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