[geeks] eBay question

[Kevin]

Not directly to the point, but also keep in mind that if a reserve is not
met, it does not mean that a sale cannot take place.  You can (and some
do) make a "Second Chance Offer" to the person with the highest bid under
the reserve price, if you later decide that you would accept the last
price.

/KRM

On Wed, 5 Sep 2007 11:11:35 -0400
Charles Shannon Hendrix <shannon at widomaker.com> wrote:

> On Wed, 5 Sep 2007 11:22:51 +0300
> "Geoffrey S. Mendelson" <gsm at mendelson.com> wrote:
> 
> > On Wed, Sep 05, 2007 at 01:57:48AM -0500, Bill Bradford wrote:
> > > If you don't like the seller's terms, don't bid.
> > 
> > But what are the sellers terms? He advertises a minimum bid he has no
> > intention of honoring.  That is IMHO false advertisement.
> 
> You are completely misunderstanding what a minimum bid is.
> 
> It is not the "lowest price the seller will accept", it is simply the
> starting bid of the auction.  All auctions start the bidding at some
price
> level.  In a live auction, the auctioneer will speak, "Let's start
bidding at
> $10, do I hear $10?"
> 
> He isn't saying they will accept $10, he's just getting the ball rolling.
> 
> You are reading far too much into what a minimum or starting bid is.