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Winning Bid = Buy It Now

 
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rhk6446
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PostPosted: Mon Nov 21, 2016 12:38 pm    Post subject: Winning Bid = Buy It Now Reply with quote

Hello Gixen,

I recently experienced the following Bid History for auction 142179480467
The Bid History includes automatic bids.
The posted Buy It Now Price was $54.95
My Gixen Bid was $54.95.

rhk6446 US $54.95 Nov-21-16 11:29:58 PST
f***e US $32.15 Nov-17-16 22:54:18 PST
i***i US $32.00 Nov-18-16 13:40:50 PST
f***e US $29.95 Nov-17-16 22:54:18 PST
Starting Price US $29.95 Nov-14-16 11:30:03 PST

I would have expected Gixen to bid $33.15 and then step higher in response to any competing bids and stop at $54.95.

Do I misunderstand how Gixen works?

Thank you
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Cupid



Joined: 09 Aug 2007
Posts: 5689
Location: Bristol, UK

PostPosted: Mon Nov 21, 2016 1:17 pm    Post subject: Reply with quote

If you look near the top of the bidding page it says 'Reserve met'.

So it appears the seller also had a reserve of $54.95 so he was never going to sell for less.

That's how Ebay works, as soon as the reserve price is met the price jumps up to that value.

My guess is that the seller only ran the auction in order to see the amount that they could get for the item, if it didn't sell at the price they wanted.
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