08-01-2016 04:39 PM
08-01-2016 06:46 PM
Let me begin by saying there is a difference between what you can do and what you should do.
The general wisdom with auctions is that the seller should always make the opening bid the lowest they can tolerate. Most auctions these days get only a few bids. The days of wild bidding sprees are mostly in the past and many buyers prefer it that way so that they can simply use buy-it-now to get what they seek.
But to answer your question: yes. The seller has to cancel each bid on it first and then end the item. If the seller ends the item before cancelling the bids then they have sold it to the highest bidder so far.
Here is the reason you shouldn't: most bids happen within the last two minutes. Even ten seconds. Sniping services let buyers place advance bids with third-party software and, personally, I think this is what killed the spirit of auctions since people stopped being excited about it and sitting at the computers with bated breath.
Are you asking as the buyer or the seller?
08-01-2016 10:29 PM
08-02-2016 02:07 AM