posted on November 29, 2000 09:29:27 AM
I'm interested in bidding on an auction on Yahoo which has an opening bid of $35, no reserve listed, and a buy price of $50.
If I bid $50, is that like eBay's "buy it now" and the item is mine?
If I bid $35, does the buy price option disappear or do I risk someone else bidding $50 and getting the item before I can make another bid?
posted on November 29, 2000 09:37:49 AM
Thanks yankeejoe.
I got stuck in traffic today and hadn't put in a high enough proxy (shame on me!) on an eBay item I really wanted as a Christmas gift for my husband. I parked and ran to my desk only seconds after the darned thing ended....
So I started looking around on Yahoo and found a similar lot. The seller doesn't have very good feedback but I might risk it.
posted on November 29, 2000 02:20:29 PM
RainyBear,
If you don't have confidence in the seller you're buying from, see if he'll accept I-Escrow for payment. It will cost you a little more, but you can't get defrauded of your money that way.
posted on November 30, 2000 12:07:12 PM
yankeejoe....but if I bid 40.00 on the example sale, doesn't the Buy Price go off and other bidders can only continue to bid until auction ends no matter if it hits the Buy Price? Sure is a question I will ask
Yahoo soon to be sure. Thanks for reply,Dana
Goingslow
posted on November 30, 2000 01:04:49 PM
The buy price is not like eBay. If it is not met the auction runs it course and the highest bidder at anything between opening & buy amount wins. If your proxy is not $50 then you might get outbid. Sticking with $40 is OK if it's not a "must have" item. If no one else bids you'd still win it for $35.
[ edited by kasmoon on Nov 30, 2000 01:13 PM ]
posted on November 30, 2000 02:37:47 PM
The buy price does not disappear on Yahoo like it does on E-bay. Even if an auction with a buy price has 100 bids (though highly unlikely on Yahoo), someone can come along and bid the buy price and take it home.
