P3D Re: eBay auctions

[George Themelis <gthemelis@xxxxxxxxx>]

--- Linda Nygren <lnygren@xxxxxxx> wrote:

> That used to be the case, George, but the reserve bidding
> rules changed sometime back [...] such that only *one* bidder 
> has to go above the reserve. 

Thank you for the clarification Linda!

> Essentially you are bidding against the seller's reserve.
> I have personally "won auctions"

Don't you just love this expression? :-)

> by going just over the reserve when there was no other bidder
> even close, so I am sure that this is the current system. 
> Really the reserve is just a concealed minimum bid. 

This is an extra reason for me to stay away from eBay auctions.
I don't have the time or patience to monitor the bidding and I
usually place a high maximum bid and "go to bed" so to speak. 
Knowing that the seller's reserve is competing against me will
certainly affect my future actions.

Thank you again!

George

=====
George Themelis (DrT-3d@xxxxxxxxxxxxxxxx)
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