[time-nuts] OT: eBay bidding question

[Chuck Harris]

Didier Juges wrote:

> The only downside is when the item has a reserve and I am the only 
> bidder. I have "won" a number of items which I did not get because they 
> were below the reserve.  By the way, it has nothing to do with sniping, 
> you have the same problem if you bid by hand. Reserve prices really get 
> me fuming and should be abolished. If you want to make sure you get no 
> less than a certain amount or not sell your item, set the starting price 
> there and at least everyone knows where you stand. As a result, I 
> typically do not bid on reserve items.

As I understand it, if your proxy bid is below the reserve, it will
get recorded at the usual bid increment.  If your proxy bid is above
the reserve, it will get recorded at the reserve amount... at least
that is they way it has worked for me.

-Chuck Harris