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Chapter 10. Selling 101: A Tutorial for ... > Dealing with Different Types of Auct...

Dealing with Different Types of Auctions

As you've worked your way through eBay's item listing process, you've discovered that there are four variations on the main auction theme—and that's not counting those high-priced real estate auctions! The four variations, which you first learned about in Chapter 3, “Bidding 101: A Tutorial for Beginning Bidders,” are Reserve Price, Dutch, Private, and Buy It Now auctions. We'll look at each of these in turn.

Set a Higher Minimum with a Reserve Price Auction

A reserve price auction is one in which your initial bid price really isn't the minimum price you'll accept. Even though bids might exceed the initial bid price, if they don't hit your reserve price, you don't have to sell.


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