$1 reserve

Yes, the highest bid at close time is the winning bid if reserve has been met.

Yes. The majority 99% of the auctions we run are $1 no reserves. Its really good for high sales traffic as everything bar a few outlying oddities sells. However sometimes, the items do sell for $1 or $1.50, $3.52 that sort of thing, even though you thought you would get at least $20.

This is just the risk of the $1 no reserve business model, if you have good things that people like, they will find their value, if you have niche items, you are best to set a price.

Examples - ART / Paintings, you may have a painting with a gallery value of say $200 great! But art is so subjective, if only one person who happens to be online that week sees it and likes it, you will only get one bid. So you are best to start the auction at $150, rather than $1.

If you have a 9ct gold watch, you could $1 no reserve it, people love gold, and you can relax as it will get bid up to its current scarp value at least, so no worries there.

Listing #5277461858. $1 reserve but wasn't sold to highest bid. It was then offered at a fixed price.

Carl, as it's a new item, the seller may have more than one, so offers other watchers/bidders another one. 2 sales, 2 buyers, 2 lots of fees for Trademe, everyone happy. If the seller has only one, the buyer may have changed their mind and asked the seller if they can get out of the sale, so the seller has offered to watchers/bidders. These sorts of things happen every hour of every day.

Kia Ora Carl,

As this Listing is a New item it is possible the Seller had 2 or more of the same item allowing them to offer a Fixed Price Offer out after the initial item sold thereby selling 2 items Or the Sale with the winning Bidder fell through - Both of which are above board Sales. - Is there a reason you think otherwise? - Cheers.