Quote:
Originally Posted by Chuck S  Well if you enter a buy it now price or reserve as it is called from what I see at ebay thats what the user buys the ad at outright. Thats how our software is designed.
The way an auction works is very simple and is exactly what our software does from what I see. You list an ad. You put a starting price. The auction goes if it stops at 400 thats what your ad sells for. You have to sell it at that price thats why you put a starting price. I beleive ebay works the same way and infact I know since I am a member there that there rules have some very strict buyer and seller obligations. If you place an ad you must sell it for what it ends at and the buyer must buy it is basically what I read. So lets look at the logistics
1. Yes the buy it now price will increase if the high bid is higher thats just common sense. why would you want to sell an item for lower than what your going to get for it.
2. Now correct me if I am wrong in logic here but the open price is and should be what the ad is currently at.
Here is an example at ebay Spectacular Antique French Fireplace Mantel Tapestry - eBay (item 350241022277 end time Aug-23-09 18:58:40 PDT)
Now look there is the starting price which is what is displayed once someone makes a bid then the price will jump up.
Please explain what you think is not right in the logic here. On an auction the price I shown as open price should be the price it is currently at right.
I am just not seeing any logic issue here and none of that logic has really changed so not sure what the issue might be. |
Chuck S what he meant was there is a reserve price in ebay.
Start bid $100
Reserve $300
Buyout $500
There is this option of reserve price is that when you are under reserve price it would not be sold to you
If you are at $300 or $301 than seller is oblige to sell it at that price to you.