T210 Joe Jackson on EBay!
 

Posted By: <b>Jim Clarke</b><p>Two things will happen:<br /><br />1. Someone will bid higher and if reserve is met just retract bid which Ebay allows you to do.. Say you key in 152,011 and you really ment 152,010. That is all someone would have to do to not be responsible.<br /><br />2. The item will be taken off Ebay before it closes to avoid all those listing fees... (black eye for the seller though)<br /><br /><br />The one from Lipset's auction is much nicer than this one by far. <br /><br /><br />

T210 Joe Jackson on EBay!
 

Posted By: <b>Rick</b><p>but its clearly shorter...

T210 Joe Jackson on EBay!
 

Posted By: <b>Corey R. Shanus</b><p>Fred, what you describe does sound unfair. However, based on ebay's rules on retracting bids, I would think that that situation would not happen. If a bidder retracts a bid because he entered the wrong amount, he is supposed to IMMEDIATELY enter the correct bid. Accordingly, if he retracts the bid a few days later as you describe, there must have been another basis for the retraction. My guess is that the other basis (e.g., change in item description) would also allow you to retract your bid. However, I agree with you that the situation would be very unfair to you if, once the other bidder had retracted his bid, you were not allowed to retract your's. Such an outcome would be inconsistent with the rationale behind allowing a bidder to reaffirm his bid in the event the seller lowered the reserve to below that bidder's previous bid.

T210 Joe Jackson on EBay!
 

Posted By: <b>Hal Lewis</b><p>The Reserve HAS BEEN LOWERED.<br /><br />I just got my e-mail.<br /><br />Like Julie said, it is now somewhere between $175k and $224k.