topic Re: Reserve not met. in Buying

Reserve not met.

serendipityricho — Sat, 30 Mar 2013 19:18:01 GMT

Recently bid on a book starting at $49.99.

Was the first bidder-----------bid over that amount.

In red type -came up--(reserve not met).

Never seen this happen before.

Whats the go?................................Richo.

Re: Reserve not met.

colic2bullsgirlore — Sat, 30 Mar 2013 19:38:06 GMT

Gday Richo... how they hanging ??? must have been on ebay US Richo and the seller made the item available worldwide or at least to ebay au

I beleive that in ebay AU vehicle auctions if your bid exceeds the reserve then the auto proxy bid offers the reserve so the price goes green and the item is "on the market. Howver I don't think this occurs with th US style of general auction reserve ie you need another bidder.

Re: Reserve not met.

serendipityricho — Sat, 30 Mar 2013 19:51:39 GMT

Thanks for the quick reply.

Did search in Aust only.

Glad this system doesnt apply on Aust ebay.

It borders on shill bidding--but its done by the seller before the auction starts.

Take care...........................Richo.

Re: Reserve not met.

bsal6160 — Sat, 30 Mar 2013 21:08:36 GMT

A lot of Australian sellers do this. List on the .com site so they can simply put a reserve on an item that isn't allowed on the .au site. It is allowed by ebay but totally unethical.

Re: Reserve not met.

davewil1964 — Sat, 30 Mar 2013 23:29:09 GMT

I've never understood the point of a reserve. Especially for something like a book; the market determines the value. And if it's worth a lot perhaps a real auction would be a better option.

Re: Reserve not met.

surfajo — Sun, 31 Mar 2013 08:58:00 GMT

Reserve Auctions are great. Can't see why we don't have them on ALL items. Thanks for the heads-up that the US Ebay site still has them.

Re: Reserve not met.

purple.cow — Mon, 01 Apr 2013 04:59:45 GMT

I see no problem with reserves being placed on bids and I'm quite happy to bid on items when they show up with reserves, but I'll still only bid as high as I am willing to pay for the item and no higher.

I think it should be allowed on Aust Ebay too.

Re: Reserve not met.

zanadoo_56 — Mon, 01 Apr 2013 05:01:24 GMT

Depending on the item, I find them quite exciting. 🙂

A few years ago I watched a collectable item with a reserve price climb rather dizzying amounts until it (finally) met the reserve and was sold. If the seller had started at the reserve price it may not have got nearly as much interest. As it was, in the end it sold for in excess of 500 GBP. It was out of my league but I kept it on the watch list out of curiosity.

Re: Reserve not met.

*bad*angel* — Tue, 02 Apr 2013 06:46:42 GMT

Reserve listings were allowed on eBay.com.au years ago. They were unpopular and poorly received by buyers so eBay removed them a long time back now.

Re: Reserve not met.

thecatspjs — Tue, 02 Apr 2013 06:49:10 GMT

LOL years ago...

According to ebay buyers preferences have changed.

Re: Reserve not met.

sprinklespowerpuff — Tue, 02 Apr 2013 06:58:26 GMT

As a buyer I am not at all happy to know sellers can and do put a reserve on their auctions unbeknown to bidders. Yes, a form of shill bidding IMO. Should not be allowed. Reserves on a vehicle as happens now I have no problem with. Undisclosed reserves probably explain when on occasions when I've placed a bid on an item and there's been no other bidder showing up in bid history that my max bid straight away is outbid or way up. NOT right.

Re: Reserve not met.

serendipityricho — Tue, 02 Apr 2013 07:05:33 GMT

Thank for the replies to this thread.--im learning.

The seller is located in New Zealand and lists Australian books.

Had one more bid and not going to bother anymore.................Richo.

Re: Reserve not met.

*bad*angel* — Tue, 02 Apr 2013 07:05:51 GMT

sprinklespowerpuff Reserves are not hidden or undisclosed, they are there on the listings on sites which allow them.

Re: Reserve not met.

sprinklespowerpuff — Tue, 02 Apr 2013 07:13:02 GMT

Thanks Angel but I don't understand as I read in a previous post on this thread that if item is listed on the .com site then what I was saying can happen.

Re: Reserve not met.

*bad*angel* — Tue, 02 Apr 2013 07:22:50 GMT

Sorry I may have misunderstood what you meant. 😞

From your comments about bidding "probably explain when on occasions when I've placed a bid on an item and there's been no other bidder showing up in bid history that my max bid straight away is outbid or way up" I thought you meant that you didnt know there was a reserve until after you bid.

Reserve listings on other sites they work exactly as they do on the motors listings here, it's clear that there is a reserve (though you dont know what that reserve is).

Re: Reserve not met.

sprinklespowerpuff — Tue, 02 Apr 2013 07:27:30 GMT

Angel from what I understood from Bsal's post there is no way for the bidders to know the seller has placed a reserve - there's nothing showing up as there being a reserve price on the listing at all. Sorry if I've got it wrong.

Re: Reserve not met.

*bad*angel* — Tue, 02 Apr 2013 07:53:01 GMT

Angel from what I understood from Bsal's post there is no way for the bidders to know the seller has placed a reserve - there's nothing showing up as there being a reserve price on the listing at all. Sorry if I've got it wrong.

I read BSal's post (#3) as saying that aussie sellers list on the .com site so they can use the reserve feature.

This is so, and it's allowed. It's in no way unethical. But it's not hidden, it's marked as a reserve met or reserve not met, as it is with motors listings on the .au site.

Re: Reserve not met.

sprinklespowerpuff — Tue, 02 Apr 2013 07:59:29 GMT

Oh, I see, Angel. Just wondered why Bsal is saying that it's unethical then. If it's not hidden and I can see that feature on the listing, fair enough but to be honest if this "reserve" bit became common on auctions here I probably would not bid at all.

Re: Reserve not met.

*bad*angel* — Tue, 02 Apr 2013 08:06:18 GMT

It's only bsal's opinion that it's unethical, and most will ignore that. Nothing unethical at all about it. Buyers can choose whether to bid or not, just as they do with private listings and other variances. Reserve auctions here were very unpopular as i said before, which is why eBay discontinued them. People didnt want to place bids and wait a week or 10 days to find out that the reserve was not met and in the meantime they had missed out on other similar items.

Re: Reserve not met.

sprinklespowerpuff — Tue, 02 Apr 2013 09:46:15 GMT

Thanks Angel. Yes, what a pain that would be. Wait all that time for auction to finish only to find reserve not met. Not for me, that format.