eBay & no reserve auctions - scam or not?

[zapjb]

I don't know much about eBay.

I see these sellers with good ratings 98%+ & thousands of feedback.

They auction off products worth hundreds & up. They state NO RESERVE.

I see no bids on some of these products. And less than a day left on the auction.

What happens? Do they sell their products for a dollar or two? :blink:

Thanks

[MagicNakor]

In all likelihood, they pull their auction and eat the eBay cost, if they're one of the people that make a living off selling other people's stuff on eBay.

:shuriken:

[zapjb]

Ah. Like right before the auction expires. They withdraw their item.

[Barbarossa]

Most serious bidding only happens within the last 2 minutes of an auction. Fact.

[Gripper]

Things can jump up by hundreds of suids inthe last couple of mins,there is special software that does this for you.

[sibyy]

Well I used to be a power seller on eBay, and I never pulled an auction.

I have sold below cost a number of times but I respected the whole eBay format and didn't go back on my sale.

Barbarossa is true though prices double/triple through bidding in the last few minutes.