Wednesday, February 6, 2008

Urban Edge - SOLD

Click image to enlarge. Sorry, bidding has ended.
Size: 36 x 36 x 1.5
Medium: Oils on Canvas

EBay offers an option for buyers called proxy bidding. The buyer allows eBay to bid automatically and incrementally up to his/her maximum. The amounts bid are not visible to the seller. Only manually placed bids are visible to the seller.

Sellers may also place reservers on their items. This is the lowest amount the seller would accept. If an auction has a reserve on it of $200 and a customer bids up to $199 by the end of the auction, there is no sale and the seller does not know what the buyer's highest bid was. The seller sees only the original opening bid.

I also learned when selling with a reserve, the seller can and probably should state the reserve amount in the auction text. This doesn't make a lot of sense to me, but that's the way it is.