Question about EBAY.
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Senior User
Joined: Apr 2002
Posts: 184
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From: Florida
Question about EBAY.
I was wondering, if an item sold for the shown price and there is no "reserve" on the item....is it binding by law and ebay that that is the price it has to be sold at? For example, say someone was selling a set of 20" wheels and the starting bid is for only 500.00 and noone other than myself bid on it. The seller HAS to sell at that price, correct? Thanks for any help.
Post Fiend
Joined: Feb 2000
Posts: 11,496
Likes: 6
From: Kansas
Question about EBAY.
That is my understanding of it. Otherwise it shows that the reserve price has not been met. Some sellers do not put the "No Reserve" on as a banner. I didn't in mine and even though I said no reserve in the body I still had people email me about the reserve price.
But if it shows your bid and nothing about the reserve price - then the seller is obligated to sell unless there is some other stipulation mentioned in their write up.
But if it shows your bid and nothing about the reserve price - then the seller is obligated to sell unless there is some other stipulation mentioned in their write up.
Moderator
Joined: Nov 2001
Posts: 2,643
Likes: 35
From: Orange County, CA
Question about EBAY.
Yes, according to how eBay works, all bids are legally binding. If you bid on those wheels and they only get $500 after the end of auction then the seller has to sell at that price. The only exception, as you know, would be if the seller had a reserve price set on the items. If you have any problems and the seller refuses to sell, even if you had won the auction then you can contact eBay and they'll help you out.
Gary
==============================
1946 pickup-ongoing project
1946 pickup-waiting for resto.
1947 pickup-parts truck
1957 Ford FL 500 Town Victoria
1970 Mustang FB-daily driver
1972 Olds Vista Cruiser-4 sale
1988 Bronco II-for sale
Gary
==============================
1946 pickup-ongoing project
1946 pickup-waiting for resto.
1947 pickup-parts truck
1957 Ford FL 500 Town Victoria
1970 Mustang FB-daily driver
1972 Olds Vista Cruiser-4 sale
1988 Bronco II-for sale
Thanks for the help guys.
Senior User
Joined: Feb 2002
Posts: 470
Likes: 1
From: Mount Prospect, IL
Question about EBAY.
of course, you would never go to court to pursue it...too expensive. The seller may back out on you anyways, and all they really risk is a warning from E-bay (unless they repeatedly back out) and you could give them negative feedback..but ultimately if seller doesnt want to sell at the price, he may come up with some excuse..."they were stolen", "I pre-sold them locally"
I am very active on E-bay and have been burned more than once...however I think you can find great deals there, and its a great way to clean out the garage of old items...
good luck, I hope it goes how you want.
Drew.
I am very active on E-bay and have been burned more than once...however I think you can find great deals there, and its a great way to clean out the garage of old items...
good luck, I hope it goes how you want.
Drew.
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