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norris27540
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 Posted: Sat Apr 25, 2015 9:02 am Post subject: gixen bid sellers reserve price |
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  181717722209 I was happy to win a recent bid for a car. The highest bid was around 2500, but gixen bid the seller's reserve of $3800. This amount was within the maximum bid amount that I had entered, but I am surprised that gixen bid over a $1000 more than the highest bid to come in. How did Gixen know the reserve price? I was prepared to not win based on the low bidding, and would have contacted the seller after the item closed and negotiated in hopes of getting a lower price. Can you explain how this works? |
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Ramona
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| Posted: Sat Apr 25, 2015 1:49 pm Post subject: |
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Gixen bids whatever you tell it to bid - it's no different to you sitting at your keyboard and entering the bid manually 6 seconds (or whatever) before the auction ends. Gixen has no knowledge of what the reserve price is.
When an eBay auction has a Reserve price set, then the first bid that eBay receives at or above that reserve will be accepted at the reserve price. This is entirely sensible - if the current price is 2000, the reserve is 3000 and you bid 4000, then eBay will show you as the high bidder at 3000 (which is a price that presumably both the buyer and the seller are happy at).
This behaviour has everything to do with how eBay works and nothing to do with Gixen. |
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norris27540
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| Posted: Sat Apr 25, 2015 4:28 pm Post subject: gixen bid sellers reserve price |
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 Just puzzled. There were 8 bids and the seventh bid was $2355. I would have expected Gixen to submit my bid ( #8 ) at $2405. The reserve would not have been met and the bidding would have closed. Instead, Gixen bid the reserve price of $3800. I had listed my maximum bid amount at $4100. |
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mario
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Joined: 03 Oct 2006
Posts: 7241
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| Posted: Sat Apr 25, 2015 6:17 pm Post subject: |
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Gixen does not know what the reserve price is, but eBay does.
It seems that you have a mis-conception that Gixen bids incrementally. It doesn't. It submits your maximum bid to eBay the same way you would (only i the last seconds), and then eBay's proxy system sorts out the price needed to win. In case of reserve, as soon as a maximum bid is submitted that's above the reserve, it will bump up the current high bid to the reserve price. That's what happened here, and it's completely normal. |
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Gixen
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| Posted: Sat Apr 25, 2015 6:17 pm Post subject: |
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Ramona
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| Posted: Sun Apr 26, 2015 4:29 am Post subject: Re: gixen bid sellers reserve price |
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| norris27540 wrote: | | I would have expected Gixen to submit my bid ( #8 ) at $2405. The reserve would not have been met and the bidding would have closed. Instead, Gixen bid the reserve price of $3800. |
No - Gixen bid 4100, which is what you told it to bid. As I said above, it's no different to you sitting at your keyboard and, 6 seconds before the end of the auction, manually placing a bid for 4100.
In this case, the reserve WAS met - you had bid 4100, which is above 3800. That's how reserve auctions work in eBay, and it has nothing to do with how Gixen works (as Mario has said).
It seems eminently sensible to me - in this case, the seller has said that they do not want to sell at a price below 3800 (their reserve) and the buyer (you) has said that they are willing to pay up to 4100 for the item, so the auction closes at 3800, which is a price at which both parties should be happy.
| norris27540 wrote: | | I was prepared to not win based on the low bidding, and would have contacted the seller after the item closed and negotiated in hopes of getting a lower price. |
As the seller had put a reserve price on the auction (indicating the lowest price that he was selling for), what leads you to believe that he would have been willing to negotiate a lower price? |
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norris27540
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| Posted: Mon Apr 27, 2015 6:54 am Post subject: gixen bid sellers reserve price |
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| Thanks for clearing this up. Gixen bids my maximum bid and Ebay makes the adjustment. Ebay will default to the reserve price if my maximum is at or above that reserve price. Got it. |
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