If you are the only bidder:
You are bidding in a Reserve Price
Auction. A reserve price is the lowest
price a seller is willing to sell the item
for. It should be higher than the minimum
bid price and is usually kept secret from
buyers. If your maximum bid is equal to or
higher than the seller's reserve, your bid
is raised to meet it. For example, let's
say the minimum bid amount is $15 and the
seller's reserve is $50. If you place a
maximum bid of $75, your bid will jump to
$50 and the words "reserve met" will
appear on your item's page.
Sellers use reserve prices to stimulate
interest in their items. By starting the
bidding lower and adding a reserve price,
the item will generally receive more bids.
Please note that if you bid on a Reserve
Price Auction and your bid does not
meet the reserve, you have no obligation
to purchase the item from the seller.
If there is at least one other
There are two possibilities:
- You are bidding on a Reserve Price
Auction and your maximum bid either met
or exceeded the seller's reserve amount.
See the paragraph above.
- Another bidder placed a higher
maximum bid. When this happens, your bid
will increase because choochooauctions.com bids
on your behalf up to your maximum bid.