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Re: (Fwd) Re: [OM] Ebay and reserve

Subject: Re: (Fwd) Re: [OM] Ebay and reserve
From: "Hans-Joachim Busch" <Busch-Koeln@xxxxxx>
Date: Fri, 16 Mar 2001 10:24:58 +0100
German eBay doesn´t use reserve prices. That´s the reason why I only trade
with eBay and not all the others like yahoo!, qxl .. I hate, not to know,
how much money the seller wants to get. I have to spend a lot of time only
to recognized at the end, that the price is to high!
Jochen

----- Original Message -----
From: "Giles" <cnocbui@xxxxxxxxxxxxx>
To: <olympus@xxxxxxxxxxxxxxx>
Sent: Friday, March 16, 2001 9:00 AM
Subject: (Fwd) Re: [OM] Ebay and reserve


> ------- 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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> >
>
>
>
>
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