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Auctions with a reserve...

redpete
If an auction on Gunbroker has a reserve price and I bid more than the reserve, does it make my bid the reserve amount or the full amount I bid?

For example, if a rifle has a reserve price of $500 and I bid $550, would it list my bid as $500 or $550? I would hope it would just give me the $500, but then keep my $550 bid in case somebody later bid $525...
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3 comments

Date Votes
  • cavman 69
    the reserve amount will be your bid. good luck and keep the brass flying.
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  • jonk
    The computer will start things off at the lowest price that would get you the item once the reserve is met- i.e. $500.

    Auto bid would then kick in as normal from there to handle any further bidding.
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  • JohnnyBGood
    quote:Originally posted by redpete
    if a rifle has a reserve price of $500 and I bid $550, would it list my bid as $500

    Yes.


    quote:I would hope it would just give me the $500, but then keep my $550 bid in case somebody later bid $525...


    That too, is correct. You could bid $10,000 but anything above the sellers reserve would be used only when/if you are outbid.

    Johnny
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