Watch your reserves.
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15 April 2007
OK, this is a bad one, especially if you do a lot of selling with reserves. I have heard of a group of buyers who use the reserve to their own advantage, ok, i know sometimes the reserves are high in some cases but if it means they get it at that price rather than higher then they will try it. Apparently the way it goes is, they will find an item they want with a reserve and some one will bid up to the reserve to get it removed then another will bust in to hike the price right up to protect the other bidder, then just as the auction is about to end, the high bidder pulls out of the auction, leaving his buddy to win. Correct me if i am wrong, if it has happened to anyone. This is quite startling, i don't know about illegal but a tad unfair on other eBayers i should imagine.
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