Quote:
Originally Posted by Zoomin
If your bid is higher than the reserve then you see obligated to purchase. The reserve is often less than the BIN price.
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Of course if you hit reserve you are commited to buying it but people just bid to bid.
I know exactly how it works the problem is that many bid just to see it go up and they have no intention of buying they just bump it up for no good reason. I seen it happen too many times. If I was selling my truck and I wanted 45K and a real bid is at 42,766 like it was, my truck would be GONE!!!!