Topic: Reducing Reserve after bids are received.

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Posted at August 17, 2005, 1:11 pm:

A seller can only reduce it to one increment above current high bid. So an item with a $100 reserve and one bid at the starting price of $10, would have it's reserve reduced to $10.50! Sellers should wait until more than bid has raised the current bid closer to the original reserve.

Original of the message was taken from http://www.auctionbytes.com/forum/phpBB/

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