------- Forwarded Message Follows -------
From: "Jim Caldwell" <jamesfc@xxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Subject: Re: [OM] Ebay and reserve
prices Date: Thu, 15 Mar 2001 22:16:47 -0500
I didn't do that for me recently - I had bid $130 for an item - the final
price jumped from $104 to $105 which was still below the reserve. I "won"
the item, but since the final price didn't come up to the
reserve, I didn't get the item.
Jim Caldwell
----- Original Message -----
From: "Tom Scales" <tscales@xxxxxxxxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Thursday, March 15, 2001 9:52 PM
Subject: Re: [OM] Ebay and reserve prices
> 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/
> >
>
>
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