Care to disclose what the bid is? Just curious, trying to figure out if I can afford one next week or not...ha, the one I bid on says that too. Wonder if they messed up or if you really need to shell out money to get one.
Care to disclose what the bid is? Just curious, trying to figure out if I can afford one next week or not...ha, the one I bid on says that too. Wonder if they messed up or if you really need to shell out money to get one.
Care to disclose what the bid is? Just curious, trying to figure out if I can afford one next week or not...
Rodger. Thanks. I wonder what the reserve is set at... And why that would be higher than the opening bid. I would think you'd have one or the other.... doesn't make sense to have a minimum bid of $250 but set the reserve at like $500, if that's the case, just set the minimum at $500.I was the opening bid for $250 and I bid $275 on a different one and both emails say reserve not met, but I'm the high bidder (at the time). I'm no longer the highest bidder on either though.
Rodger. Thanks. I wonder what the reserve is set at... And why that would be higher than the opening bid. I would think you'd have one or the other.... doesn't make sense to have a minimum bid of $250 but set the reserve at like $500, if that's the case, just set the minimum at $500.
Reserve is the max price of the item listed. Lets say the item has a reserve of 100.00 and your starting bid is 50.00... if the auction ends and you are the only person who bid on the item, you DO NOT win the auction. You must reach the reserve in order to win the item.
Example of Reserve Not Met: "A seller lists an item with a starting bid of $1.00 and a reserve of $100.00. Bidder A bids $1.50. The current bid increases to $1.50 but the reserve isn't met. If nobody else places a bid, Bidder A does not win the item."
Another example: Lets say you bid on an item and the reserve is set at 150.00... If your max bid is 250.00 and no ones bids on the item, you WIN the item for the 150.00 price !
Exactly. I am thinking it's not a true reserve because it doesn't say it anywhere on the site, just the email and your bids shown when you log in to 'my account'. But, who knows.
I'm sure the last day of the auction these prices will skyrocket. It will be like ebay.... the one lucky enough to bid at the very last second will be the winner.
Edit: I think it's called sniping.
I bet JP is sitting at his desk all day upbidding these things. "Doris, hold my calls, I'm snipping"