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Blade-of-the-Moon wrote:
You bid by accident I’m guessing ? I’ve done that once before… 😳
Actually I bid to protect it, not realizing the BIN would then die…but with any luck at all, no one will want this, and I will still get him, but the BIN price was sweet, so now I’m likely to pay 2 to 3 times what I could have. Darn it!
I didn’t know BIN disappears if you bid, live and learn I guess.
Kyrin
From what I understand, is that the BIN only stays available when there is a Reserve to be met. Even if there are bids on a piece, if the reserve hasn’t been met yet, someone can come along and still buy it for the BIN price. I learned that one the hard way.
Otherwise, the first bid cancels out the BIN price.
The BIN price and option is cancelled the second a bid comes in higher then then BIN price.
I learned to hard way before too!!Tintaglia wrote:From what I understand, is that the BIN only stays available when there is a Reserve to be met. Even if there are bids on a piece, if the reserve hasn’t been met yet, someone can come along and still buy it for the BIN price. I learned that one the hard way.
Otherwise, the first bid cancels out the BIN price.
Yeah, I usually just hit BIN, but this one wanted immediate payment, and I don’t have it until Friday.
But was afraid someone else would grab it while I waited to see if the seller would give me the time, so I bid.But if I hadn’t, betcha it would be gone already, so at least this way I have a good chance of still getting it, if I’d waited for a reply, it might have been too late. So I’ll take my lumps.
Kyrin
Dragon Master wrote:The BIN price and option is cancelled the second a bid comes in higher then then BIN price.
I learned to hard way before too!!Why would somebody bid higher than the BIN price, instead of just using BIN?
Kyrin wrote:Tintaglia wrote:From what I understand, is that the BIN only stays available when there is a Reserve to be met. Even if there are bids on a piece, if the reserve hasn’t been met yet, someone can come along and still buy it for the BIN price. I learned that one the hard way.
Otherwise, the first bid cancels out the BIN price.
Yeah, I usually just hit BIN, but this one wanted immediate payment, and I don’t have it until Friday.
But was afraid someone else would grab it while I waited to see if the seller would give me the time, so I bid.But if I hadn’t, betcha it would be gone already, so at least this way I have a good chance of still getting it, if I’d waited for a reply, it might have been too late. So I’ll take my lumps.
Kyrin
That immediate payment deal has killed more auctions for me since they started doing it… 😡
The other thing with immediate payment is that if you don’t pay immediately, the auction stays up, so someone else who *will* pay immediately can snatch it up if the initial ‘buyer’ doesn’t.
Kyrin wrote:Blade-of-the-Moon wrote:You bid by accident I’m guessing ? I’ve done that once before… 😳
Actually I bid to protect it, not realizing the BIN would then die…but with any luck at all, no one will want this, and I will still get him, but the BIN price was sweet, so now I’m likely to pay 2 to 3 times what I could have. Darn it!
I didn’t know BIN disappears if you bid, live and learn I guess.
Kyrin
Sometimes they dissapear sometime not. Actually if the BIN would not have died someone might still have been able to grab it from you. I did this once when someone had put a bid but the BIN was still there so I purchased it with the BIN and the bidder lost.
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