eBay Item Bid History - what is going on here?

[BagwellHOF]

So I thought I understood how ebay bidding works, which can sometimes get slightly complicated with bidders entering in a higher bid if they are already winning, or something like that.

On the item bid history I am attaching, how has this item gotten up to $1000? It appears to me the second highest bid entered in so far has been $101, and somehow it's jumped to $1000 with no additional bidders showing.

Does anyone know what is going on here? I suspect there's an explanation, but I am very confused. Thanks for any help.

Here is the link to the auction- https://www.ebay.com/itm/335965829646?

[BagwellHOF]

Reuploaded the image

[3124508 on COMC]

There was likely a $1000 reserve.

[BagwellHOF]

Originally Posted by 3124508 on COMC

There was likely a $1000 reserve.

I think if that were the case it would be $101 and say “Reserve Price Not Met”

Of the 4 bidders, only 1 has bid over $101 and somehow the price is at $1000

[3124508 on COMC]

Originally Posted by BagwellHOF

I think if that were the case it would be $101 and say “Reserve Price Not Met”

Of the 4 bidders, only 1 has bid over $101 and somehow the price is at $1000

This is not correct. After a reserve has been met, there is no indication anywhere that there was ever a reserve on the listing.

[BagwellHOF]

If I start an auction at $1 and have a reserve price of $1000, and the 1st bidder bids $5, and the 2nd bidder bids $1100, I thought the bid price went to $5.50 and said reserve price not met. You’re telling me in that scenario the auction price jumps to $1000?

[rwperu34]

Originally Posted by BagwellHOF

If I start an auction at $1 and have a reserve price of $1000, and the 1st bidder bids $5, and the 2nd bidder bids $1100, I thought the bid price went to $5.50 and said reserve price not met. You’re telling me in that scenario the auction price jumps to $1000?

Not on any reserve auction I accidentally bid on. I've had them where I have a $200 max bid and it will end at $125 and "Reserve Not Met".

[DynaEtch]

Originally Posted by BagwellHOF

If I start an auction at $1 and have a reserve price of $1000, and the 1st bidder bids $5, and the 2nd bidder bids $1100, I thought the bid price went to $5.50 and said reserve price not met. You’re telling me in that scenario the auction price jumps to $1000?

Don’t quote me on it, but yes I think the price would jump to the met reserve of $1000 with that bid, regardless of what other bidders are doing.

Edit: How else would you be able to win the auction, outside of having to depend on what others are doing? (Other than creating a second eBay account to up the bidding).

If it were so the bidding is just $5.50 after that second bid…there’s no way 2nd bidder can win the item on their own, even though they are willing to pay more than the reserve amount- they’d have to rely on what other bidders are doing to win, which would be strange.

Not saying it has to be the case here there was a reserve, I’d have to take a look at it

[3124508 on COMC]

Originally Posted by BagwellHOF

If I start an auction at $1 and have a reserve price of $1000, and the 1st bidder bids $5, and the 2nd bidder bids $1100, I thought the bid price went to $5.50 and said reserve price not met. You’re telling me in that scenario the auction price jumps to $1000?

Yes. Exactly. A reserve auction means you’re bidding against the house, not the house AND a second bidder. That would be silly.

[BagwellHOF]

Originally Posted by rwperu34

Not on any reserve auction I accidentally bid on. I've had them where I have a $200 max bid and it will end at $125 and "Reserve Not Met".

Yea, that’s what I thought, but I guess in that case you still didn’t hit the reserve.

I can understand the logic that if the reserve is $1000, and someone bids that, the price should jump to the reserve, whereas if they just bid $900, it would only outbid the highest bid by $1.

Thanks for the help.

[paparoke]

It looks like r***e had the winning bid at ~$101, then was beat by 8*** at $103.50, but 8*** had a max bid of around $1000(could be higher, but we won't know until someone tries to bid it up). You don't see the other buyer(s) that bid somewhere up to around $985, because 8*** max bid kept kicking in to take it to $1K. Click on "show automatic bids" and the picture should be made clear to you.

[rwperu34]

Originally Posted by BagwellHOF

Yea, that’s what I thought, but I guess in that case you still didn’t hit the reserve.

I can understand the logic that if the reserve is $1000, and someone bids that, the price should jump to the reserve, whereas if they just bid $900, it would only outbid the highest bid by $1.

Thanks for the help.

The logic would be to abolish reverve bids. Since there is no cost to starting an item at any price, nodody should be using reserve anyways. I know they do and eBay makes that extra 5% or whatever, but at this point in time it is pure stupidity to set a reserve on an auction.

[newcokeandtaco]

Originally Posted by rwperu34

The logic would be to abolish reverve bids. Since there is no cost to starting an item at any price, nodody should be using reserve anyways. I know they do and eBay makes that extra 5% or whatever, but at this point in time it is pure stupidity to set a reserve on an auction.

Exactly. Reserve price auction can be costly for a seller. Listing with reserve cost this seller $75.00.

-Reserve fees are calculated at $5 or 7.5% of the reserve price you set, whichever is greater, up to a maximum fee of $250.
https://www.ebay.com/help/selling/fe...=4822#section5

[rubendn]

Originally Posted by 3124508 on COMC

Yes. Exactly. A reserve auction means you’re bidding against the house, not the house AND a second bidder. That would be silly.

This is not correct. If there isn't a second bidder that has bid at or right below the reserve price, it doesn't matter what the first bidder has bid. It won't reach the reserve. It will end at a price right above the 2nd highest bidder's bid.

In the example posted, there was a second bidder with automatic bids that aren't shown because the winner's max bid always exceeded those bids.

Reserves are a big turn-off to buyers and most likely will cost you in the long run. It's better to set a higher starting bid or use BIN. I usually ignore most reserve auctions I see.

[DynaEtch]

Originally Posted by rubendn

This is not correct. If there isn't a second bidder that has bid at or right below the reserve price, it doesn't matter what the first bidder has bid. It won't reach the reserve. It will end at a price right above the 2nd highest bidder's bid.

In the example posted, there was a second bidder with automatic bids that aren't shown because the winner's max bid always exceeded those bids.

Reserves are a big turn-off to buyers and most likely will cost you in the long run. It's better to set a higher starting bid or use BIN. I usually ignore most reserve auctions I see.

Is this absolutely certain in terms of how reserve bidding works? I’m seeing posts in the ebay community forum saying the price jumps to the reserve met if you enter a max at or above the reserve… seeing some conflicting things. I didn’t see any concrete info in the eBay help pages about it after a cursory glance, interested if there’s any official documentation from eBay saying it.

I agree reserves are pretty silly…a relic from the old days of eBay. Buyers generally aren’t interested in reserve auctions and it just costs the seller money to do. I think some sellers use them to protect a BIN on a .99 auction that would otherwise go away with the first bid.

[rubendn]

Originally Posted by DynaEtch

Is this absolutely certain in terms of how reserve bidding works? I’m seeing posts in the ebay community forum saying the price jumps to the reserve met if you enter a max at or above the reserve… seeing some conflicting things. I didn’t see any concrete info in the eBay help pages about it after a cursory glance, interested if there’s any official documentation from eBay saying it.

I agree reserves are pretty silly…a relic from the old days of eBay. Buyers generally aren’t interested in reserve auctions and it just costs the seller money to do. I think some sellers use them to protect a BIN on a .99 auction that would otherwise go away with the first bid.

My apologies. I think I was wrong. From what I've seen elsewhere, if the one bidder's bid is at or above the reserve price, the current bid automatically jumps to the reserve price.

[auctionjmm]

Originally Posted by paparoke

It looks like r***e had the winning bid at ~$101, then was beat by 8*** at $103.50, but 8*** had a max bid of around $1000(could be higher, but we won't know until someone tries to bid it up). You don't see the other buyer(s) that bid somewhere up to around $985, because 8*** max bid kept kicking in to take it to $1K. Click on "show automatic bids" and the picture should be made clear to you.

This. Has nothing to do with reserves lol. As long as someone still holds the high bid, you will ONLY see their bid. Not the person who tried to bid against them.