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.
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.
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.
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.
Depending on the item, I find them quite exciting. ๐
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.
