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What happens if the seller lowers the reserve price after you bid?
If a seller lowers the reserve price below your bid, after you placed a bid and received a message that you are the highest bidder but have not met the reserve price, are you obligated to buy (assuming you were the highest bidder at the end)? Obviously, the issue here is that the buyer may have moved on to purchase something else, thinking they could not win the original auction where they were below the reserve price.
1 comment
eburtonlab
Mentor10 months ago@fred822002
The current help page regarding how reserves work mentions that sellers can lower the reserve price, but does not explicitly say what happens if the new reserve is lower than the high bidder's maximum.
https://www.ebay.com/help/buying/bidding/reserve-prices-work?id=4018
But there is additional detail on the page explaining to sellers how reserves work:
https://www.ebay.com/help/selling/listings/selling-auctions/reserve-prices?id=4143#section4
"If you lower the reserve price below the high bidder’s maximum bid, we’ll lower the high bidder’s maximum bid to $1.00 below the new reserve price. After you lower a reserve price, we’ll contact bidders to let them know about the change and ask them to bid again to reconfirm their interest. You can’t remove the reserve price if there are bids on your listing."