Quote:
Originally Posted by WillBBC
The only time I will bed on an auction with a reserve is if it has already been met.
I don't like having the highest bid on something only to have it not sell regardless.
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Not sure of other venues, but Grandslambids will take a high bid to a reserve and let the item sell, even if it wouldn't have been met with the next highest bidder.
In other words if a reserve is $100 and there is only one other bidder at $15 and your snipe is $110, then you will win the item at $100 when your snipe is placed, which was the reserve. regards
(I need to verify this with Matt but I think it's the way the system works)
ps..I am told ebay and GSB works this way....