eric_onore Posted October 27, 2005 Share Posted October 27, 2005 Some of the classified ads I have looked at are classified as auctions. Clicking on the "About" link explains why some classifieds are straight sales and some are auctions. Nowhere, however, can I find any explanation of what the auction rules are. For instance, if I place a bid on an item, do I have to wait until the end of the auction to see if I am the high bidder? I know that that seems self evident, however, many of the auctions list a price. Is that the starting bid, or is that a price that if met will conclude the auction? Also can bids be withdrawn? Maybe I am missing an obvious link that explains all this. If so, please direct me. If not, than maybe one of the moderators can enlighten me. Thanks. Eric Onore Link to comment Share on other sites More sharing options...
bobatkins Posted October 27, 2005 Share Posted October 27, 2005 It's totally informal. The seller can accept any bid at any time, or can decide not to sell to anyone. The buyer isn't obligated to buy. The seller isn't obligated to sell. This ain't FleaBay! Link to comment Share on other sites More sharing options...
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