1/20 Why do people bid up items past its Buy It Now Price?
\_ why does the interface allow them? shouldn't it just BUY NOW
as soon as they reach the 'buy now' price?
\_ once you start bidding on a Buy Now item, the Buy Now option
goes away (unless there is a reserve)
\_ The buy it now price is generally set above the opening bid. Once
someone bids for the item the buy it now option generally goes
away. Basically, the seller is hoping someone is desperate and
will immediately pay more for the item. The bidders, by bidding
instead of paying the buy it now price, are hoping no one else will
want it badly too. Sometimes bidders miscalculate and there is
a bidding war ... On some items the buy it now price is the same
or just pennies above the opening bid, meaning the seller
essentially just wants to sell the item for price X. If someone
bids on that one, then they are morons.
\_ yeah, well the exception to this is that the supply is so great
(for example I was buying a popular DVD movie) that even when
you've been outbidded, you can just go to the next item. This is
effective when the item is popular and when you're really cheap
and want to save a buck or two. |