Locked
Discussions in this board are limited to the original poster and Community Mentors
Item with reserve not met
@ links to members
Why do I see some items with bids but it says reserve not met, shouldn't the starting bid be the reserve. I'm a little confused. I looked in the FAQ but couldn't find an answer
3 comments
woodland_gnome
·2 years agoeBay would prefer* the Starting Price would be the seller's true minimum, but some sellers insist on setting a low SP so eBay offers a Reserve Price at a high fee (7.5% of the RP with a minimum of $5.00 and a 3 figure maximum) regardless of the outcome. (Indeed at about the same time as ebay.com reconfigured the RP Fee, ebay.au (Australia) got rid of Reserves for most categories. I don't know whether they have restored them due to popular demand.)
If the (refreshed) Listing Page continues to say "Reserve not met" after you place your bid, it means your bid (including any hidden maximum) is lower than the reserve price and therefore cannot win that auction, so it is safe to move on (unlike simply being outbid, when a cancellation of the higher bid before the auction ends can make you the winner at the end and obligated to pay, so it is not safe to move on until the auction ends without you as the winner). Even if the seller lowers the reserve, eBay will lower your hidden maximum bid if needed (to $1 below the new reserve) so you can't win unless you rebid an amount that meets the reserve at the time it is placed.
The seller can make a Second Chance Offer to any losing bidder who has not opted out of receiving such SCOs (in My eBay: Account: Communication Preferences). Such SCO will be at the highest showing bid of that particular bidder (in the case of the highest bidder who lost because the Reserve was not met that will be the showing bid, generally 1 bid increment over the underbidder's maximum, not his/her maximum bid) except in Motor Vehicles and heavy equipment categories where the seller can set the amount up to the Reserve Price amount. This is merely an OFFER which you would be under no legal or moral obligation to accept, so it doesn't affect your ability to safely move on once your bid doesn't meet the Reserve, but is something to think about before you move on if this particular item is especially desirable to you.
If you bid an amount that does equal or exceed the reserve, the "Reserve not met" will disappear from the Listing Page and the Bid History Page (unfortunately the indication that there is a met Reserve got lost in a reformat of the Bid History Page) and the new "current bid" will be the exact amount of the reserve (or less than an increment above it if a prior bidder had a maximum bid just under the reserve). If your new bid is not at least as high as the reserve, "Reserve not met" stays up and the "current bid" is recalculated under the general rule: generally 1 bid increment over the underbidder's maximum bid.
inceptions
Mentor2 years agoIt's usually smarter to start the bidding at the least the seller would accept (and save the money from the hefty reserve fee) but some sellers still set a reserve. The thinking is that the lower the starting bid, the most interest there may be for the item.
rock.star
·2 years agoA smart seller would make his reserve the starting bid but some sellers think starting with a low bid make for better auction .