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Jan 04, 2006, 11:44 AM // 11:44
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#1 |
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Lion's Arch Merchant
Join Date: Dec 2005
Location: Canada/Alberta/Edmonton
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Question about AUCTIONs
I just wanted to know what this ment.
Reserve price : Yes (Reserve price has NOT been met) What would that mean? I made a bid on this auction: http://www.guildwarsguru.com/auction/item.php?id=8488 Did I win? |
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Jan 04, 2006, 12:08 PM // 12:08
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#2 |
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Ascalonian Squire
Join Date: Oct 2005
Profession: N/Me
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Nope
No, you didn't win, because the amount you bidded did not reach or exceed the reserve price that the seller had set. If the bids don't reach the reserve price, the auction is null and void.
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Jan 04, 2006, 12:12 PM // 12:12
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#3 |
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Forge Runner
Join Date: Nov 2005
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A reserve price is a hidden value the seller may add. If the final price doesn't meet the reserve, the seller can decide to sell or not sell, whatever he wants. The auction isn't automatically null and void because the reserve isn't met. The high bidder can still be held to his bid. It's a common misperception that not meeting the reserve means your bid is void.
Not setting a reserve obliges the seller to go through with the sale even if he thinks the final price is too low. Some people set a ridiculously high reserve price just to keep their options open. (Like, selling in game or through another venue.) If the reserve won't ever be met, the seller will always have a way out, which is convenient if you already sold the item. 
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Jan 04, 2006, 12:29 PM // 12:29
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#4 |
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Lion's Arch Merchant
Join Date: Dec 2005
Location: Canada/Alberta/Edmonton
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Oh ok, I really needed a sword too.
 Oh well, thanks for telling me anyways.
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Jan 04, 2006, 01:48 PM // 13:48
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#5 |
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Forge Runner
Join Date: Apr 2005
Location: Canberra, AU
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If he doesn't sell it to you, I'd say he wouldn't find it going for anywhere near as much as you offered.
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