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Can you be the highest bidder at an auction but still lose the item?
Lifesnadir
The only way a highest bidder can lose the item is if they can't meet the terms or the bid wasn't high enough.
Wiki User
∙ 9y ago
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How do you use auction in a sentence?
My dad bought a TV at the local auction for $100.
What is a bidder?
A bidder is a person who bids for an item, for example, at an auction.
What is the general accepted etiquette for farm equipment auctions?
The etiquette for a farm equipment auction would be no different than a regular auction. You obtain a bidder number and then raise your bidder card if you want to bid on an item up for auction. The item goes to the highest bidder. Don't bid on on an item you don't want and try to preview the items you are interested in purchasing in advance.
What does no reserve auction mean on jewelry?
If an item has a reserve price at an auction it means no matter the amount bid it will not sell unless it reaches the reserve price set by the seller. This price is not known by the bidder. In a no reserve auction the item will sell by the highest amount bid on the item this is known as a true auction.
What is the point of a player auction?
A player auction is a form of auction used in online video games to sell an item to the highest bidder. You can learn more about player auctions and list your items up for sale online at the Player Auctions website.
How do eBay bizarre auctions work?
In the same way that any auction works on the site. You place your bid, other members generally bid against you and the highest bidder when the auction ends is the winner and the winner has to pay for their item.
Are you charged 60 for every bid you place on the same item?
You are not charged for bidding. If you win an auction (are the highest bidder) you pay what you bid. The seller is charged not the buyer. You pay for the auction price and shipping unless shipping is free then the seller pays for the shipping too.
What does it mean on eBay if shows 0 bids-bidding has ended?
Bidding on eBay ends when the duration of the auction is over. If it shows zero bids when the bidding has ended, the item did not sell. If the item sold, it will show the number of bids and the user id of the highest bidder who won the item.
Once you have bid on an item on eBay are you still a watcher?
If the item is still in your watch list then yes, you are both a bidder and a watcher at the same time. if you bid and remove the item from your watch list then you are a bidder only and not a watcher.
How exactly do Comet auctions work?
Comet auctions work the same way as any other auction works, but they are hosted by the company named Comet. An item is sold to the highest bidder after a specified amount of time ends.
What happens if you do not meet the reserve when bidding on an eBay item?
Not all eBay listings have reserves set. If a listing does have a reserve you will see the words "reserve not met" near the top of the listing in the official details and they will remain until such time as the reserve is met, at which point they will disappear. If you don't see that wording there is no reserve (even though the seller might say that there is in their own description). When an auction ends and the reserve isn't met, the seller isn't obliged to sell to the highest bidder and can, effectively, withdraw the item. They are able, however, to offer to sell to the highest bidder for the displayed highest bid amount. The highest bidder is then under no obligation and can accept or decline as they choose.
What happens when you lose a bid on eBay?
Nothing. You do not win the item and nothing happens to your account. However, if the seller has trouble with the winning bidder and you are the next highest bidder, you could be given a Second Chance Offer to buy the item.
