posted on October 13, 2000 07:57:33 AM
O.K., here's the problem. Buyer wants an item on ebay. The bids are low. He checks with the seller, finds the reserve price, and it seems reasoable. However, the bids are way below the reserve. The question is how can the buyer reach the reserve price if there aren't other bidders willing to go any higher. I know the buyer can contact the seller and make a private deal, but the buyer prefers to go through ebay for it's protections. Can a buyer bid against himself to reach the reserve?
posted on October 13, 2000 08:03:12 AM
Bidder can submit a bid equal to or higher than the reserve price....When reserve is met,(with THEIR bid) the bid will be accepted at that amount, regardless of what the other bidders have bid...
