On 10/14/2011 4:44 AM, Geoffrey S. Mendelson wrote:
dxAce wrote:
Did not meet the reserve. Final bid was $1918.94.
The 'Buy It Now' price was $2351.49.
Eventually someone is going to outlaw reserve prices. It is a form of false
advertisement, as you are implying by having a mimimum bid that if a buyer
bids the minimum, and no one else bids, they can buy the item for that price.
Hidden reserve prices say that you really won't accept the minumum bid
you advertised, and you aren't even going to tell anyone what it was.
IMHO a dishonest seller and should be avoided.
Geoff.
It is a "bit of a strange way" to run an auction ... the bidding should
be forced to start at a minimum acceptable, and go from there ... I
agree, ebay would appear "more" legit if tradition were followed ... but
in the scope of the world, it is only a minor transgression.
Regards,
JS