Cupid
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Joined: 09 Aug 2007 Posts: 7724 Location: Bristol, UK
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Posted: Thu Feb 02, 2023 7:11 am Post subject: |
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Yes, this will be because the seller had paid for a reserve on the auction.
It doesn't seem to be possible, any more, to confirm this on the Ebay pages, after the auction has completed, except by the price having jumped straight to that figure.
Before an auction ends, you can tell that a reserve is in place by the auction page displaying a 'Reserve Not Met' message.
Many people think/assume that Gixen should bid incrementally... but if you think about it, that could never work, because it's generally not possible to see what others have already bid and certainly not what they have scheduled to bid in the last few seconds of an auction. Also in cases like this, where a reserve is in place, bidding at the opening price would just result in the auction being a no sale, when the bidder was actually willing to pay the reserve price, which would be a failure both for the buyer and the seller. _________________ Mark |
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