Originally Posted by
CliffordK
So if the sale had gone above the reserve price, would the seller have honored the sale?
Hopefully the companies (E-Bay & Amazon) track sellers that do this, and take actions to limit the occurrences.
I hate "Reserve Auctions" as they aren't worth my time bidding against the seller. But, some sellers use auction cancellations (before or after the end of the auction) as a pseudo reserve.
Clifford, I'm with you on this. I don't think the seller was expecting it to sell significantly higher than the reserve. But at the end of the day it's well within EBay's policy's to back out.
And yes, Ebay tracks sellers who back out completing sales, they'll allow a minimal number over a period of time.
There's a type of auction, perhaps a combination of 'Buy Now' with a reserve/min opening bid that's quirky. With this format as soon as the reserve is meet your 'buy now' is no longer active. For example, if I set a 'Buy Now' of $400 with and opening bid of $200, once someone bids $200 the $400 'Buy Now' option disappears. WTF kind of goofy format is that?
I've broken parts while cleaning/getting them ready for shipment and I've sold parts I didn't have anymore. Things happen.