eBay has a new policy reguarding ending auctions early listed in there General Announcemt Board.
***Policy Change: Ending Listings Early***
Date: 09/30/04 Time: 04:02:29 PM PDT
Next week, we are updating the policy governing when a seller may end or change their listing. This will align our sellers’ ability to manage their listings with our buyers’ ability to retract bids. Currently, buyers have limitations on retracting bids during the last 12 hours of a listing.
Today, our policy allows a seller to cancel bids and end an item at any time as long as one of the following reasons is met:
The item is no longer available for sale.
There was an error in the starting price or reserve amount.
There was an error in the listing.
The item was lost or broken.
Sellers are also prevented from making changes to a listing during the final 12 hours. Beginning next week, if a listing has 12 or fewer hours remaining and has, or had, a winning bid during the final 12 hours of the listing, the seller will no longer be able to end the listing, except to sell to the current high bidder on eBay. Sellers may still cancel specific bids that they find unwelcome, but may no longer utilize the "cancel all bids and end this item" feature.
The practice of canceling all bids and ending an item early with only minutes left is very frustrating to buyers. This change should improve the overall buyer experience.
Sellers may still end listings during the final 12 hours of the listing if the item does not have any bids.
Regards,
eBay
This will make it beneficial if thre are bids or you are watching an auction to bid on if the price is in your range. No more watching an auction to have the seller cancel it at the last few minutes which has been a problem on going for yrs.
I've seen it many times where the seller pulls the auction with minutes to go because the price is to low for what they want if there is no reserve. Heck, thats usually when the bidding war starts!
Maybe this change will help out looking for that vintage/modern SW item for your collection.
