E-Bay oddity

Randy in ca said:
From eBay's Help Section:


"Lowering your reserve price

If you lower the reserve price below the high bidder's maximum bid, we lower the high bidder's maximum bid to $1.00 below the new reserve price.

We notifiy bidders of the new reserve price by email, and they must bid again to confirm interest in the item. The high bidder must bid again at or above the new reserve price."
Click to expand...
I can see the logic in this. If you bid something UNDER the reserve price, it will accept your bid but will tell you that "The reserve has not been met". Therefore, you are "safe" from having to buy it at whatever price you bid. Sooooo, if the seller lowers his price below what you bid, and they didn't lower your bid as is stated above, you then have committed to buy, but not really know it. They are effectively just giving you a second chance to say that you really do want it. & if you do, you need to act on it.
 
Got it! That just messes up my placing my highest bid and going on vacation away from all electronics. Oh wait, that place does't exist anymore!?
 
Randy in ca said:
From eBay's Help Section:


"Lowering your reserve price

If you lower the reserve price below the high bidder's maximum bid, we lower the high bidder's maximum bid to $1.00 below the new reserve price.

We notifiy bidders of the new reserve price by email, and they must bid again to confirm interest in the item. The high bidder must bid again at or above the new reserve price."
Click to expand...

I searched for info like this but couldn't find it.

Thanks.

This explains this no oddity at all, just ebay policy and quite reasonable.

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I have lowered a reserve on a vehicle I was selling.

It attracted a dozen questions, and had 2 test drives and spirited bidding from many different bidders at 24 hours before end .

I thought, what the heck, this is the best audience I am going to get, so put it on the market with a reserve that was one dollar more than the current high bid.

I was happy with the final sale, even though it was $900 less than my original reserve.

I have never seen an item sell for more on the second or third relist.
 
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