Football Programmes Centre

Wullie · Joined: 10 Jun 2009 Posts: 3423

Can someone explain this please. If someone selling on ebay sets a reserve on an item, say £100. Now you bid £110, but the next highest bidder is £50 so item doesn't sell at £55 ( your bid).
So am i correct. Unless two bidders bid above the reserve price, then there is no sale.

saint clarkie · Joined: 23 Mar 2009 Posts: 764

HI Wullie,

Both bids would need to be above reserve as they would not know your max bid only £55.

I had the same recently and bid £120 top bid but only reached £42 asked them what they would want for it and accepted £62, well happy.

Ian

Posh1959 · Joined: 12 Sep 2009 Posts: 1227

I may well be wrong but i believe if your bid exceeded the reserve then it would show as reserve met.

mark01 · Joined: 13 Nov 2010 Posts: 384

Posh - I agree

Wullie · Joined: 10 Jun 2009 Posts: 3423

but i don't understand. If one person exceeds the reserve price , then the actual price will still be a only a fraction higher what the second bidder offers. Therefore the reserve has not been met.

Posh1959 · Joined: 12 Sep 2009 Posts: 1227

no if someone exceeds the reserve price, the actual price is the reserve price.

kcs · Joined: 29 Dec 2008 Posts: 1655 Location: Ashford, Kent

largely depends on the starting price, if (using Wullie's example) the starting price was £50 and I put a bid in for £101, technically my max bid meets the reserve price but the current bidding price does not meet the reserve price. That will remain at £50 until another bidder/s pushed the price up.

I believe that the current bid price has to meet the reserve price not the max bid by any bidder.

A flaw in eBay's design I guess, also - if the seller wants £100 for an item.... list the thing at a £100 for gawd sakes

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Wullie · Joined: 10 Jun 2009 Posts: 3423

well i hope, as the highest bidder, he will offer me the item i am after even when his reserve price has not been reached. it's all a bit silly to me, as kcs says if you want no less than £100 then bloody start bidding at £100. I am not going to keep on bidding against myself just to reach the guys limit.

Senior82 · Joined: 25 Nov 2008 Posts: 982 Location: Near Sheffield

The 'reserve' on ebay should be scrapped. It's just a blatant way of dodging listing fees. When I see an item with a reserve, I don't even bother bidding. Like you say, you have no idea what the reserve is.

Auchinleckian · Forum Moderator Joined: 21 Nov 2008 Posts: 4352

Senior82 wrote:

The 'reserve' on ebay should be scrapped. It's just a blatant way of dodging listing fees. When I see an item with a reserve, I don't even bother bidding. Like you say, you have no idea what the reserve is.

Ditto....shiseters the lot of 'em.

mark01 · Joined: 13 Nov 2010 Posts: 384

Woolie - if you were in a proper auction room and a programme you wanted desperately came up, with a reserve of £100 and the auctioneer started the bidding at £20 which received one bid from someone else.

You could take the bidding from £20 to £100 in one shout to the auctioneer, to frighten off any other potential bidders. I have used this method a few times - sometimes it works, other times it doesn't. Sad

Basically this is the same position you find yourself in this instance.

regards, Mark