If the reserve ends up not being met (because you didn't know what it was in the first place), is the seller able to contemplate whether or not they want to sell the item at the highest bid? For example, if the secret reserve price was 300, and the highest bid ended up being $295. So can the seller still decide whether or not to give it to the highest bidder close at 295, or does ebay automatically cancel the entire thing any consideration from the seller. I have always been curious about this. TIA!
If the reserve is not met?
- Thread starter pinkiwi
- Start date
i believe the seller could send a second chance auction to any of the bidders. Been so long since i used a reserve. lol
If the reserve isn't met the seller doesn't have to sell it
it goes into the sellers unsold list and it is up to the whether they send a second chance offer the the highest bidder or they relist the item altogether
reserve prices tend to be quite high compared to the original listing price
instead of using reserve prices I just have BIN with best offer
I find its easier to get the price I want for an item that way since you can also have an automatic decline price
Its only $0.50 to list that way but the final value fees are slightly higher since its BIN
it goes into the sellers unsold list and it is up to the whether they send a second chance offer the the highest bidder or they relist the item altogether
reserve prices tend to be quite high compared to the original listing price
instead of using reserve prices I just have BIN with best offer
I find its easier to get the price I want for an item that way since you can also have an automatic decline price
Its only $0.50 to list that way but the final value fees are slightly higher since its BIN
I don't get reserves
If I see a listing with a reserve, I don't watch it or bid. Because I know that it's probably not going to get me a good deal. At least with BIN, I can consider the deal. But with a reserve, I don't even know what I'm considering.
Lol.
Well, with a reserve, all you can really do is throw down your max bid and hope for the best.