Looking at the bidding history, the winner was only bidding against
himself as the other bidder (you?) only went to $1020. If the seller
was also the winner then there'd be no point in bidding it up to the
reserve price because then selling fees come into play. If there's no
winner then there are only listing fees.
It appears the reserve was $1845. If that's retail, then this was no
great deal. The $500 was only a teaser price to get you to start
bidding. THAT is the purpose of reserve prices.
Quoting "Brucciani, Chris" <CBrucciani@archinsurance.com>:
> I got a little excited when I stumbled on this a few days ago and
> bidding
> started at $500, Funny how it ended up at exactly the same price
> that they
> sell it for retail. Check out the bid history. I see this pretty
> often and I
> thought that it was against the rules at ebay. I doubt this
> transaction ever
> occurred.
>
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&category=43998&;
> item=2473567044&sspagename=STRK%3AMEBWA%3AIT
>
> Chris Brucciani
> Marietta, GA
> 1968 2000
> 1973 240z
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