Over the years, eBay has introduced all sorts of different auction types, in an effort to give people more options when they buy and sell their things on eBay. There are many people who dont like the idea that their item might sell for a far lower price than they intend. Equally, there are people who have hundreds of the same item and dont want to sell them individually. This email gives you an overview of the different kinds of auctions and how to spot them.
Normal Auctions.
These are the bread-and-butter of eBay, the auctions everyone knows: you bid, others outbid you, you outbid them, and the winner gets the item. Simple.
Reserve Auctions.
Reserve auctions are for sellers who dont want their items to sell for less than a certain price a concept youll know about if youre familiar with real auctions. They work just like normal auctions on eBay, except that you will be told if your bid has not met the reserve price set by the seller. If no-one is willing to meet this price, then the auction is cancelled, and the seller keeps the item.
You can spot these auctions by looking out for Reserve not met or Reserve met written next to the current bid...
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