How can this be?

Discussion in 'Ebay Parts and Cars' started by Ken Mild, Nov 13, 2003.

  1. Ken Mild

    Ken Mild King of 18 Year Resto's

    It says next to the bid history that it was a $5 starting bid. There's only been one bid and it's up to $30 and it says "reserve met"?

    If the starting bid was $5 and someone bid $30, the auction would still only be at $5 because $30 would just become his proxy bid. Anyone who tried to bid higher would just get bumped until the first proxy bid of $30 was reached.

    That would make more than one bid though. So my question is, how could the opening bid meet the reserve of $30 if the opening bid was only for FIVE DOLLARS? .....and there's only BEEN one bid? :puzzled:

    http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=34204&item=2442688155

    ....I know I just made NO sense.. :Dou:
     
  2. jbc455

    jbc455 Between cars...

    From Ebay:

    "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."

    If you bid $35, why wouldn't you want to win it for $30? If it didn't work this way, and nobody else bids, you wouldn't win it if the first bid didn't meet the reserve.

    John
     
  3. Dan Healey

    Dan Healey Well-Known Member

    Yep, that's right!

    One of ebay's most recent changes (and a good one).:bglasses:
     
  4. wild1965

    wild1965 Well-Known Member

    Actually ebay has functioned that way on reserve actions since I've been bidding which is over 4 years. If you bid under the reserve, you just bid the minimum. If you bid over the reserve it takes your bid up to the reserve.
     

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