[Archive]

Posted By: Chris

I have to side with Jay on this one -- it seems that in many cases it would be a waste of time for the bidder. Your high bid IS your best offer. What if your "best offer" is only $50 less than what the seller will take... does he or she have the option of giving you feedback and saying for only $50 more it's yours? At least in the standard format you know instantly if you've met any reserve or outbid others. In this format you may "bid" and never hear anything again.

I feel I should do some more reading to be sure I understand completely how it works. Perhaps I'm misunderstanding the function completely.