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auction bidding
Does the buyer know when a reserve amount is reached?
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Does the buyer know when a reserve amount is reached?
whattheactualfox
·3 years agoQuoting from eBay's article on Reserve Pricing:
Source: (https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018)
Sellers can choose to add a reserve price when listing an item in an eBay auction. Unless they state their reserve price in the listing, you won't know what it is until you either meet it or bid above it.
If you bid below the reserve price, you'll see a "Reserve not met" message. This means that even if you're the highest bidder at the end of the auction, you won't win the item.
Sellers can lower their reserve price during the auction or make a Second Chance Offer once it ends. We'll send you a message if either of these happen, so you have another chance to buy the item.
TLDR: If you see "Reserve not met" after placing a bid, you won't win the item, even if you're the highest bidder at the end of the auction.
woodland_gnome
·3 years agoYes. When a bidder bids at least as much as the Reserve Price, the showing "current bid" immediately "jumps up" to the exact amount of the Reserve Price without the need of any other bid to push it up to there (except if the prior high bidder had bid less than a bid increment under the Reserve Price then the new "current bid" would be less than an increment over it since the normal price calculation is the underbidder's maximum plus 1 bid increment, or the full amount of the new bidder's bid if less than an increment over the underbid) and the "Reserve not met" designation goes away (for some reason eBay doesn't like any "Reserve met" designation and they got rid of that on the Listing Page several years ago and then on the Bid History Page a couple of years ago in a reformat).
ETA: You can deduce that any showing price ("current bid" or final price) more than 1 bid increment more than the highest bid of the underbidder is the Reserve Price, as there is no other mechanism for it to be that much higher than the underbid.