RoadBikeReview.com's Forum Archives - General


Archive Home >> General(1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 )


Basic EBAY question(7 posts)

Basic EBAY questionPaulCL
Dec 22, 2003 9:31 AM
Currently, I am high bidder on an item with just a couple of hours left. But, the reserve price has not been met. My current posted bid is about $8 less than my max bid. Is it possible to win the bidding, but not win the item (due to not meeting the reserve price) when my max bid may exceed the reserve price??? I can't overbid myself.

If the auction closes without the reserve price being met, should I just email the seller to see what he/she really wants for it. This is not a high priced item - probably end up less than $35.
Paul
re: Basic EBAY questionTom C
Dec 22, 2003 9:44 AM
It is possible to "win" the bidding i.e. have bids higher than any other bidder but you've got to paythe seller what he wants- the reserve price, which is more than your maximum bid apparently. As far as buying or selling off ebay, it's done. I do it. But I do it mostly as a seller. If the persons feedback is impeccible there is little risk. But check the feedback he or she leaves as well as gets. Sometimes someone with no negatives leaves lots of negs. indicating to me some kind of satisfaction/personality problem. Pay in a way that there is some kind of paper trail none-the-less.
Your max does not exceed the reserve priceheckman
Dec 22, 2003 9:45 AM
because if it did, your bid would have been automatically set to the reserve price when you bid.

Two examples, first your max bid is below the reserve. Current price is $10, reserve is $50, and your max bid is $45. Your bid will go in as the next $ increment up from $10, probably $11.

Second example, your max bid above the reserve. Current price s $10, reserve is $50, your max bid is $55. Since your max bid exceeds the reserve, your bid will go in at whatever the reserve is set at, in this case $50.

I learned this thru bidding experiences, although I'm sure that the ebay help probably has examples that show this out.

Hope that this helps.

Larry
Short answer: no.Mike Prince
Dec 22, 2003 9:48 AM
If your max bid meets or exceeds the reserve, then your actual bid will be the amount of the reserve. Your bid being $8 below your max means that your max does not meet the reserve and your actual bid incremented up to the point where you are the high bidder.

No harm in emailing the seller even now - maybe he will tell you what the reserve is and you can re-bid accordingly. You may luck out.

Mike
I had this happen to me once...russw19
Dec 22, 2003 9:41 PM
I just waited until the auction ended. Then since I was the high bidder, I emailed the seller and asked what his reserve was... at first he emailed me back saying he doesn't give out reserves... So I emailed him back explaining that I was the high bidder, I didn't ask when the auction was ongoing to respect his reserve, but I wanted to make him an offer now that the auction was over and nobody won it.

Long story short.... the guy wasn't all together there and his reserve was absurd, so I didn't buy after all, but that is still what I did. If you wait and the auction ends but the reserve isn't met, you can always send an email and tell them you would still like to make an offer... ask what they will take and decide if it's worth it from there.

Russ
Thanks. Now I know the rules. (nm)PaulCL
Dec 22, 2003 10:11 AM
Thanks. Now I know the rules. (nm)crewman
Dec 22, 2003 10:23 PM
Just picked up a new (used) bike myself tonite.
Cannondale CAAD5 full Durace, just the thing to propel me up the mountains of Colorado.