This very obvious. The very high bid means that the bidder knew the reserve prior to placing the bid. Either the seller told the person the reserve or had another bidder (another username) place a high bid but just under the reserve. This is quite psychological and works well at times. For example, if there is only one bidder and the bidder bids against a reserve not me, usually he will stop bidding quickly. On the other hand, if there is a bid and each time the bidder places a bid and is outbid, he then may continue to bid and if the bidder beating him is one bid under the reserve, guess what just happened. People tend to bid more when there is at least a second bidder. I personally avoid reserves except to use for tracking and then I only bid the starting price and not a dollar higher. In a message dated 2/6/2012 6:15:40 P.M. Eastern Standard Time, [email protected] writes:
Is there any policy regarding EBay reserves? Often times in real auctions when there is a reserve, the opening bid requirement might be half of that reserve or something similar. Recently I noticed bidding on a poster where the reserve was not met, yet the high and unsuccessful bid was more than 45 times the opening required bid. Anyone know the point to structuring auctions like that? Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
