Belt Auction

Do you have to sell your item on ebay, even if your not happy with the end bidding Price?

Do you have to sell your item on ebay, even if your not happy with the end bidding Price? If someone bid $10 on an item i wanted to sell for $100 do i have to accept that bid and sell it to that person?

Public Comments

1. you can do a couple of things about that. You have to do it before the auction starts. You can either set the starting bid at $100 or you can set a reserve price for the $100. People will not know the reserve price if they bid under it will just let them know that they have not hit the reserve price yet. If the auction is already over and the price in $10 then, yes you are supposed to sell it to them for $10.
2. If you have a minimum amount you are willing to sell an item for, the best thing to do is to put that amount as your starting bid, or else you put on a reserve, which can be concealed from buyers. I don't think you can refuse to sell something because it didn't end as high as you wanted it to. Some items do end up unsold because the reserve isn't met. I have never really seen the point of putting a secret reserve on something myself, it seems to me you might as well be upfront about the amount you are willing to sell something for, but a lot of people seem to do it. I don't suppose you can actually be forced to sell something to the buyer if you don't want to, but I think it will result, not surprisingly, in you getting negative feedback, and possibly some kind of penalty from ebay. It would have been better to have made your starting price higher.