Do counter offers stop after first bid?

Answered

July 09, 2022 02:11

Hi, Say you have an auction with a starting price of $100. No reserve set. Someone makes an offer for $80. You make a counter offer for $90. You’re still waiting for the offer to be accepted / declined. But then another person makes a starting bid on the item for $100. Item now shows the reserve as met (though I didn’t specify a reserve). Is the counter offer you made for $90 still valid and on the table? Or is it voided? Because when I check the offers page, it still shows as active. I’m concerned after multiple bids, a seller might end up losing these bids if the person with the offer accepts it later on. Plus it wouldn’t be fair for the bidders. Thanks.

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9 comments

Gary-NZStocked Community Superuser
July 09, 2022 02:22

Offers are only valid before reserve price is met. Once reserve is met, the item can no longer have an offer accepted, for obvious reasons.

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Sam
July 09, 2022 02:24

Thanks Gary,

Does that also apply to counter offers? I did see an FAQ that mentioned what you said but it confused me as it didn’t mention counter offers. (I should’ve mentioned that.)

Ta.

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Gary-NZStocked Community Superuser
July 09, 2022 02:35

Offer or counter offer same. Res met beats everything.

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Sam
July 09, 2022 02:36

Thanks!

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tony_b
January 14, 2023 01:41

I don't see the sense in not allowing offers after the reserve is met, further bids are accepted why not offers?

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Gary-NZStocked Community Superuser
January 14, 2023 02:39

So you are ok Tony to be leading the bidding merrily for up to 10 days on an auction with reserve met, then someone comes along and offers something which is accepted by the seller and auction closes. Hardly seems worth placing a bid if someone was allowed to do that.

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tony_b
January 14, 2023 03:21

But someone can come along and outbid you - same thing.. I don't see the point in having "Offers" under the stated conditions.

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Shauniece
April 05, 2023 09:12

Just wondering how do you win an auction with reserve met but then they send you a offer higher of the winning bid can someone please direct me to read information around this as i won $1.50 for an auction then they sent me an offer for $11.50 have i not won the auction already

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Gary-NZStocked Community Superuser
April 05, 2023 09:17

That can't happen normally, so something has gone wrong. If you have the email saying you won at $1.50, then that's what you won at. Normally if the seller has more they can send an offer to all other bidders/watchers, but the winning bidder never get's an offer, or that how it usually works.

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