Thread: Auction Bidding
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Unread 08-16-2007, 06:05 AM   #3
Edward Tinker
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I don't think a "disclaimer" makes it legal or correct for gun broker; rules state
Quote:
End an Auction Early Related Information:
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Ending an auction early is generally not a good idea if bids have been placed on the item. If there is a winning bidder at the time the auction is closed you are obligated to sell the item to the winning bidder. This means that the item must be sold to the high bidder if 1.) the reserve price has been met or 2.) the item has no reserve price and bids have been placed. Since many bidders wait until the last minute to place a bid, ending an auction early may reduce the amount you will receive for the item.
You can end an item early, but it states above, that if bids on it, you are obligated to sell the item...

Quote:
What if I list the same item in Shotgun News, gun shows, etc?
There are two ways this can be accomplished:

If the item has not been bid on or if the Reserve Price has not been met, you can use our End an Auction function located in For Sellers to close your auction listing before its scheduled completion date. If the item currently has a winning bidder, you must consider it to be sold and must use the 2nd option.
You can direct any interested parties to the auction listing on GunBroker.com and suggest that they bid on the item.
Please always keep in mind that if the item is won here, it must be sold to the winning bidder. Although it is a harsh remedy,we terminate the accounts of seller who fail to complete transactions.
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