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Lee'Moraan
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Posted - 2005.09.28 13:35:00 -
[1]
What does this mean?
- Reserve price - Buyout price - Sniper rule
thanks for enlightening me ;)
cheers, Lee
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Serge Nova
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Posted - 2005.09.28 13:38:00 -
[2]
Edited by: Serge Nova on 28/09/2005 13:40:26 Take it to market discussion -_- if you read the rule page you'll find answers to these questions. Edit: I guess not
Reserve - price an auction must get to before the seller sells Buyout - an 'instant' offer (usually quite high) that lets you get the item immediately without having to wait for the auction to end Sniper - Usually 15 minutes, it's something that makes it so people can't just bid in the last 10 seconds of the auction and get it, it gives others a chance, 15 minutes, after that person's bid (after the auction end-time has gone by) to bid on it.
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Rufus Roughneck
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Posted - 2005.09.28 13:41:00 -
[3]
Reserve price: Below this mark, the seller reserves the right to NOT sell even if the minimum stated bid was made. Reserves can be open or hidden or absent. Hidden reserves are generally disliked alot by buyers, most auctions do not use reserves, or simply set the opening bid at the same amount they would be using as reserve.
Buyout price: If you bid the buyout price (which is indicated in the auction), you thereby close the acution on that item and the item is yours for the stated price. It's a "buy-now" mark.
Sniper rule: Sniper rules extend the auction or parts of it when bids are made within a certain time before the end of the auction. For example: a sniping rule of 15 minutes generally means that bids on an item within 15 minutes before the end time of the auction automatically extend the auction for that item to a new ending time of 15 minutes after that bid. Every consequetive new bid on the item will extend further to a new time 15 minutes beyond that new bid.
Sometimes auctions are unclear on sniper rules especially, which can lead to some unhappy customers.
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dalman
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Posted - 2005.09.28 13:43:00 -
[4]
Originally by: Lee'Moraan What does this mean?
- Reserve price - Buyout price - Sniper rule
thanks for enlightening me ;)
cheers, Lee
wrong forum section, but anyway;
Reserve price - you reserve the right not to sell under this price. Ie, your reserve price is 300M and highest bid is say 250, then you're not forced to sell the item at 250 if you think you can find another buyer somewhere else or would rather use the item yourself.
Buyout price - a "maximum" price. If anyone bid this, the buyer gets the item straight away, without waiting for someone to outbid him later.
Sniper rule - ppl tend to make bids 1 minute before the auction is closing (= snipe). To give others the chance to outbid that bid, the auction is extended another 10-15 minutes.
Drink up, shoot in. Let the beating begin. Distributor of pain. Your loss becomes my gain...
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dalman
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Posted - 2005.09.28 13:47:00 -
[5]
I really am slow. But faster than the mods Drink up, shoot in. Let the beating begin. Distributor of pain. Your loss becomes my gain...
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