New Kind Of Auction On Ebay?

Don't see much difference between this type and the "buy Now" version. As long as a munimum bid could be required, there isn't much advantage in this form, or am I missing something?

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Originally posted by Mike

Good Evening to all!,
I have run across some auctions on ebay that allow you to place one bid only and you are either rejected or accepted to stay on the auction until it ends. Then the seller can decide if he/she wants to award the item. I bid on an item that did not clearly state it was this type of auction. When I got my rejection notice I e-mailed the seller questioning what had happened and he explained the rules of this new type of auction on ebay and told me no one had won the coin and the high bid was about $40.00 off his low sale point. Well, I liked the coin, found the new auction, and added $40.00 to my old bid and viola! I won the coin. Any body else ran across this? Mike

pP.S I posted this on our ebay Discussions Group as well.

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Mike, is this the same as a "Make your best offer" auction, also something new on ebay. I very recently bought one coin using this type of auction; when I queried the seller about it, he stated it was his first auction using the new format. If I remember correctly, it was a one shot deal: one "best offer" is all a bidder gets. As a seller, I haven't seen any means by which to use this type auction, so it may be for Power Sellers only.

Do you have a listing you can post?

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Originally posted by Mike

Here it is... http://cgi.ebay.com/ws/eBayISAPI.dl...EAFB:IT&rd=1 Mike

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Yeah, looks like it's a "Make your best offer" type auction. With mine, I had emailed the seller and did my haggling that way, so had agreed upon a price before placing my "best offer" bid.

I suppose these type auctions can be compared with a "sealed bid" type auction where bidders get one shot at it and the seller gets to say "yes" or "no" on one or none of the bids. I see definite advantages for the seller in that s/he has more choices available: if nobody Buys It Now and s/he's got one or more "best offers", s/he can choose whether or not to accept the presumably lower best offers. S/he can even pick which best offer to take and not just the highest bidder; if the high bidder has really bad feedback and looks like s/he might be a payment risk, the seller can reject the bid and go to the next.

Learn something new every day as I have seen those "Make your best offer" auctions but had no idea what in the world would happen if I did. Will have to pay more attention and I do like the idea of private emails!