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|Reserve price vs Min bid vs Max bid|
If an Auction poster puts a reserve on an item, & the min bid doesn’t meet the reserve, the auction is closed as a no sale.
Is there a way to check the winning bidders max bid against the reserve to see if that person bid the reserve or higher & win the auction @ the reserve price?
I’m just curious because I was bidding on an item, that the min bid was 3.3 Mil flezz lower than my max & the auction closed with no winner, because the reserve wasn’t met.
|Posted On: 07/15/2010 4:48PM||View Phantom491's Profile | #|
It used to be the case that the system didn’t bump up to the reserve, even if your max bid was over that. That’s not the case anymore. If the reserve on the item is 500,000 and you bid up to 750,000 – if the auction doesn’t get up to the reserve naturally, your bid will automatically be bumped up to the reserve (since your max was over that) and you’d get the item.
If I’m reading your post right, it means your max bid didn’t meet the reserve.
|Posted On: 07/15/2010 5:00PM||View spacekadt's Profile | #|
Thank you for clearing this up.
|Posted On: 07/15/2010 5:07PM||View Phantom491's Profile | #|