Auction Demo Listing + Auto Relist
And Reserve Price
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FedEx | $10.00 |
If using the 'auto relist' feature and the reserve price is not met and/or the listing duration ends without a bidder, the listing will be automaticly re-activated after the duration has ended. This feature can be provided free of charge or the original listings fees apply. (This is an administration setting)
The seller has set the starting bid and a reserve price (the minimum they are willing to sell the item for). If the reserve price is not met by the bidders, it will not sell.
By default, proxy bidding is enabled. Proxy bidding automatically bids for you each time you are outbid until the listing ends or your maximum bid is reached. If proxy bidding is disabled, your bid is accepted as a stand-alone bid and becomes the new current bid price.
Proxy Bid Example:
Bid Scenario #1 (Proxy Bidding Enabled – Bid Increment $5.00)
Bidder A bids $500.00. Current Price = $500.00 (high bidder: A)
Bidder B bids $525.00. Current Price = $505.00 (high bidder: B)
Bidder C bids $510.00. Current Price = $515.00 (high bidder: B)
Bidder D bids $550.00. Current Price = $530.00 (high bidder: D)
Bid Scenario #2 (Proxy Bidding Disabled – Bid Increment $5.00)
Bidder A bids $500.00. Current Price = $500.00 (high bidder: A)
Bidder B bids $510.00. Current Price = $510.00 (high bidder: B)
Bidder C bids $542.00. Current Price = $542.00 (high bidder: C)
Bidder D bids $547.00. Current Price = $547.00 (high bidder: D)
For more information about Bidding Scenarios see our Online Documentation.
There are no questions for this listing.