This lot on
ebay is rather interesting:
http://www.ebay.com/itm/Syria-Syrie...AOSwf-VWXY3N In the body of the lot description, the seller states:
"item will not sell below $220."
This is not the only lot with this kind of note. Another lot has the following in the description:
"if the price did not up to $75 befor 12 hours from the end of the auction , I will cancel the item."
So basically, this seller is setting up regular
ebay auctions but states that there is a reserve which if not met will lead to the auction being ended early.
Is it even allowed to make a regular auction into a reserve auction (as this is an option on
ebay)? In this scenario, is the seller obligated to sell the item to the highest bidder? Doesn't this leave the seller open to negatives and strikes from
ebay?
As an FYI, the seller is routinely using shill bidders and does not accept returns.
