P3D Re: RE: P3D Re: eBay auctions

["Dan Shelley" <dshelley@xxxxxxxxxxxx>]

>George A. Themelis writes,
>> That's not correct Rod... If the reserve is $2500 and
>> someone places a maximum bid of $3000 then the bid will not
>> go to $2500.  It will go to the next increment, which might
>> be $301.  It will stay below the reserve unless if bidding
>> from two parties brings it above it.
>
>Lawrence K. writes,
>>That was my understanding also, until recently, when I put a largebid on
>>an item that had a reserve and my bid moved up to
>>just above the reserve amount.
>
>My understanding was always that the bid will automatically be raised to
>the reserve price if you bid above it, regardless if there is another
bidder
>or not.
>
>For example the current bid is $25, and the reserve price is $100. You
>put a high bid of $200. The current bid is then raised to $100, even if
>your the only one bidding.

FYI - Gabriel is correct.