November 15, 2005 | 02:32PM PST/PT
In the next few days, we will make some changes to the Second Chance Offer feature in several Business & Industrial categories for capital equipment. When an item in one of these categories ends without the Reserve price being met, sellers will be able to send a Second Chance Offer with the price set at any amount below the Reserve Price, even if it’s higher than the non-winning bidder’s final bid amount.
For example, if the highest bid on a skid steer is $4,000, but the Reserve of $5,000 is not met, the seller could make a Second Chance Offer to the high bidder at a price of $4,500 instead of going all the way down to $4,000.
This feature will be available in the following categories, as well as their subcategories:
- Agriculture & Forestry > Tractors & Farm Machinery
- Construction > Heavy Equipment, Trailers
- Food Service & Retail > Concession Trailers & Carts
- Healthcare, Lab & Life Science > Imaging & Aesthetics Equipment
- Industrial Supply, MRO > Fork Lifts & Other Lifts
- Manufacturing & Metalworking > Manufacturing Equipment
- Manufacturing & Metalworking > Metalworking Equipment
- Office, Printing & Shipping > Commercial Printing Presses
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