"Best Offer" Option

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GM-26 · #1 05-31-2005, 01:50 AM

This is the first time that I saw an E-bay auction with a "Best Offer" option. Pretty interesting...

http://cgi.ebay.com/ebaymotors/ws/eBayIS...=1&tc=photo

jfkheat · #2 05-31-2005, 03:12 AM

I thought all auctions were "best offer".
James

Don_Lightfoot · #3 05-31-2005, 05:48 AM

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.

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