Seller and “ no reserve” and “ minimum bid” listed??


I see an item I am interested in but am confused by the seller listing the item as” No Reserve” but has a price listed as “ Minimum Bid”. I thought no reserve meant highest bid takes item. 

tooth2th

Understanding “No Reserve” Auctions

A “no reserve” auction, sometimes referred to as an “absolute auction,” means the item will be sold to the highest bidder, regardless of the final price. The seller commits to accepting the top bid, no matter how low it might be. This format is distinguished by the absence of a minimum selling price.

In contrast, an auction “with reserve” involves a confidential minimum price set by the seller. If bidding does not reach this predetermined reserve price, the seller is not obligated to sell the item, and it may be withdrawn. The “no reserve” condition eliminates this uncertainty, providing clear assurance that the item will change hands. This commitment is legally binding, ensuring the highest bidder will acquire the item.

There you go.

I won a bid on eBay for ONE penny! I was the only bidder. The seller charged me $35 for shipping. The item was an early 90's JVC magazine CD changer.

Another eBay bid I won was a Marantz 2230 receiver for the minimum bid of $130. I again was the only bidder during the seven day auction. This time shipping was free! Who wouldn't want vintage Marantz gear?

The ’minimum bid’ is indistinguishable from the minimum selling price.

If you’re the only bidder and you bid the minimum and win the item, how is that any different from a minimum selling price since he has to sell it to you for that minimum bid? A no reserve auction by definition has no minimum selling price.

 

I'm gonna try and sell my Fisher 800C Tube Receiver

I won't sell it unless I get a minimum price, and that has to include extra on top of what I want for eBay/PayPal fees,

I could also set a hidden reserve, and not have to sell it for less than that reserve, hoping a starting bid gets it going and others will bid before it ends.

or, 'no reserve', means once you meet my minimum starting price, highest bid, even if only you, win.