> 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.
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