"Best Offer" Option

[GM-26]

This is the first time that I saw an E-bay auction with a "Best Offer" option. Pretty interesting... http://www.yenko.net/ubbthreads/images/graemlins/naughty.gif
http://cgi.ebay.com/ebaymotors/ws/eBayIS...=1&tc=photo (http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&category=6161&item=45530644 94&rd=1&tc=photo)

[jfkheat]

I thought all auctions were "best offer".
James

[Don_Lightfoot]

First time I have seen that as well. I can see doing a "best offer" auction by setting an outragiously high reserve that nobody would pay and take offers during the auction. However, this auction does not have a reserve. I guess the seller does not expect anybody to pay higher than the starting price, which I think is the "buy it now price" as well, so you can submit an offer of a certain amount.

Final analysis is "Buy it now price or best offer". Not much different than a regular 'want ad' I suppose.