[Archive]

Posted By: barrysloate

I agree with Al that the seller should have kept the auction going. I think the only options are to set a reserve when you list the item, which is entirely fair, or if you choose not to use the reserve then you agree to let the lot sell for whatever it goes for. Also, experienced sellers know it is silly to judge the high bid a day or two before the close; the bid can triple in the last ten seconds. Sellers need to think this all out at the time they list; we are given several options to protect ourselves and that's the time to exercise them; not five days into the process when things just aren't going the seller's way.