This price should be above the minimum bid price. The auction begins at the minimum bid price. When a bidder s maximum bid is equal to or greater than the reserve price, the item s current price is raised to the reserve price. At this time, the item information will indicate the reserve price has been met. Keep in mind that not all bidders are trying to buy at the lowest price.
Some bidders are collectors and know the value of items listed.
CAN BE SOLD ON PeddleIt. Minimum Bid Keep in mind that the minimum bid specified by the seller indicates the minimum amount the seller will accept to sell the item, unless the seller is using a reserve price . Refusing to sell an item once someone has placed a bid that reaches the seller s minimum or reserve price is a violation of the auction rules. Inc. All rights reserved.