Auction Question

ndbilly

April 26, 2004 09:33

If an item has a reserve and you meet the reserve but the auction has several days yet to run, does your meeting the reserve amount guarantee that you're the winning bidder or can someone still outbid you?

0

• 

  ndbilly

  April 26, 2004 09:33

  If an item is listed with no reserve and an opening bid floor from the Seller of, say, $399.00 with a "Buy it Now" price of $499.00, would you win the auction if you were the only bidder and your bid was the $399.00 minimum? Could the buyer renege for any reason assuming he/she didn't have any disclaimers about selling it while the auction was ongoing, etc.?
  
  Thanks.

  0
• 

  tajjn

  April 26, 2004 09:36

  Per Gunboker's rules you would win at $399.00, and the seller would have to honor your bid.
  
  Not now, I'm busy reloading!!!!
  

  0

Please sign in to leave a comment.