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Online Auction Format

When to choose the classic eBay way to sell

Many listings on eBay use online Auction format. A typical auction-style listing works this way:

  1. The seller offers one item and sets a starting price.

  2. Buyers visit the listing and bid on the item during the online auction's duration.

  3. When the auction-style listing ends, the highest bidder buys the item from the seller for the high bid.

The Auction format is flexible. When you use it, you will be given many options, including adding the option for a buyer to buy the item for a fixed price (Buy It Now) and in select vehicle categories you can set a hidden minimum-selling price (reserve price.)

You may want to do a little research into the selling prices of other items similar to yours. This will help you set your starting price.

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