P3D Re: eBay bidding vs reserve price

[Peter Davis <pd@xxxxxxxxxxxxx>]

Why is there still debate over this?  The eBay site clearly says:

         If a bidder's maximum bid meets or exceeds the reserve, the
        bid will be automatically raised to meet the reserve.

This is at http://pages.ebay.com/help/basics/g-reserve-auction.html

-pd


At 12:44 PM 12/14/99 , you wrote:
>Ronald Beck wrote:
> >
> > Hello all,
> > Unless the rules have changed recently, for eBay, your proxy bid is only
> > raised whenever someone else bids on an item.  You do not "compete" with
> > the seller's reserve price.
>
>If: you are the only bidder, the starting bid is $1, and you bid $100... and
>the result is you being the leader with a bid of $1, then you know you
>did not reach the reserve.  If the winning bid is anything else, then
>THAT number is the reserve.
>
>Mike K.

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