How does the reserve system work on classified auctions?

[all1knew]

Hello all,

How exactly does the reserve system work on classified auctions? I ask because I won a listing that I did not see had a reserve, nor was there a reserve was mentioned in the description, but the seller (member ChrisK) states he cannot sell me the cross as $225.00 is not enough money for it. Is a seller allowed to decide there was a reserve at the end of a listing or determine cost of an item after the sale has concluded, or is there something that I missed on the ad itself? Here's a link to the ad: https://www.warrelics.eu/classifieds/showproduct.php?product=9617}&cat=9}

If it had a reserve on it can you please tell me where I should see this?

William Kramer

[Gunny Hartmann]

I can't see a reserve, if a seller wants a certain price he should show the item has a reserve on the listing or sell it at a "buy it now" price!...

[Steven Macquillin]

I agree with Gunny, you can't put something into an auction for sale and then, just because it hasn't made the money you want, decide to put a reserve on it. The sale item should have 'reserve' stated so buyers are aware that they have to reach a certain price before they can secure it and know that the seller is happy they are getting what they believe it is worth. That is how I always understood what the term 'Reserve' meant.
Regards Steve.

[No1canuck]

I bid on it and saw no mention anywhere of a reserve. Not surprised that he doesn't want to let it go at that price tho.

Steve

[rbminis]

Hello William,
Although Chris probably did not set up the auction correctly and what you have stated is likely correct, you might have a read of this thread which might explain why he might not have been thinking clearly.
https://www.warrelics.eu/forum/wrf-g...5/#post1572536
Things do change.
Ralph.

[all1knew]

fair enough, and I'll leave it alone but if the guy wanted a certain price and didn't put a reserve on it, he should have put the opening bid at the price he wanted, not starting at a dollar and then determining a "reserve had been placed on the listing" after his listing didn't reach a price he had "hoped for"

that seems like poor business practices and on the edge of being slightly shady in my opinion; I certainly would never do something like this. That's great he starts a thread stating his money is all gone, but when I try to put money in his pocket he says it isn't enough....

William Kramer

[rbminis]

That's great he starts a thread stating his money is all gone, but when I try to put money in his pocket he says it isn't enough....

William Kramer

Hi William,
Unfortunately, I think it is about more than just the money.
Ralph.