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on 04-20-2013 10:13 AM
what happens if your the high bidder at end of auction but the reserve price has not been met
on 04-20-2013 10:14 AM
If the reserve price was not met then there is no winner for that auction.
on 04-20-2013 10:23 AM
The seller has the option of sending you a Second Chance Offer at the showing amount of your highest bid* but you are under no obligation to accept it.
*except in a couple of big ticket categories: motor vehicles and heavy construction equipment; where the seller sets the SCO amount at a price up to the reserve amount.