When the listing closes, the highest Bidders win the available inventory. In some auctions, a number of identical items are offered for sale at the same time. How are winning bids determined in multi-item listings? At the close of the auction, all winning bidders purchase the items at the same price, which is the lowest successful Bid. Bidders can then bid at or above the minimum price for the quantity of items they wish to purchase. The seller specifies the minimum price (the Opening Value) and the number of items for sale. Also, many sellers prefer Reserve Price auctions when they are not sure of the market value of an item, and want to find an audience by enticing multiple bidders' interest.Ī Dutch Auction occurs automatically on Major League Baseball Auctions when a seller has multiple, identical items offered for sale. This way, the bidders are not forced to bid at fair market value from the start of the auction. In a Reserve Price auction, the seller starts the auction at a value below the lowest price at which s/he is willing to sell (the Reserve Price) to capture the bidder interest. Bidders who are contacted under these circumstances, however, are under no obligation to purchase the item. In this case, the seller will have a period of 48 hours after the auction close in which to contact the highest bidder whose offer was below the reserve price. If the highest bid at the auction close does not meet the seller's Reserve Price, the seller is not required to sell the item unless the seller chooses to do so. Reserve Price Met - The current amount of the highest bid is equal to, or greater than, the reserve price and the item will be sold.
Reserve Price NOT Met- The current amount of the highest bid is below the reserve price and the item will not sell at auction close. If the seller as set a Reserve Price you will see either a "Reserve Price NOT Met" or "Reserve Price Met" message on the listing page depending on whether the current bid is below, or at or above, the reserve. A reserve price allows the seller to start the auction with an opening value below the reserve price to initiate bidder interest and determine the fair market value of an item. The Reserve Price is higher than the Opening Value. In a Reserve Price Auction, the seller has set a Reserve Price, which is a price below which the listing will not sell.
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If you have questions about bidding, bid retraction, auction format, or registration please consult our Frequently Asked Questions section which may help answer your questions and clarify many of our policies. If you have a question about product, payment, or shipping status please click here to contact us, Major League Baseball Auction Customer Service representatives are available to assist you Monday through Friday, 9 AM - 6 PM EST. In rare cases of shipping damages, please contact MLB.com Customer Service within 48 hours of delivery for return instructions. It is up to the discretion of MLB.com whether or not a return request will be accepted. Due to the unique nature of each item, all sales are final. As a courtesy we will attempt to contact you if your credit card is not processed successfully, but should it fail we reserve the right to cancel the transaction. If you are a returning user please make sure that your credit card information is updated before bidding. If you are the winning bidder, the card you entered to bid will automatically be charged for this purchase. PayPal can only be accepted for “Buy Now” purchases we do not accept checks, money orders, or any other payment methods. MLB.com Auctions accepts Mastercard, Visa, Discover, American Express and PayPal only. You should contact your local customs office for further information. Charges for duties, taxes and the carrier's collection fee are in addition to your shipping charge and must be incurred by you. When placing an order on MLB.com, you are considered the importer of record and must comply with all applicable laws and regulations. Your local government determines duty and customs charges depending on where the merchandise is made and what it is made out of. All International customers are responsible to pay for all applicable duty and customs charges. Sales tax will be added to winning bids for auction items being shipped to CO, FL, and NY. Please allow 4-6 weeks for delivery after the auction closes.
Regular business hours are 9am to 5pm EST, Monday to Friday. As a signature is required upon delivery, please ensure that someone is at the delivery address to accept and sign for the package during regular business hours. The shipping rates are:Ī valid shipping address is required for all deliveries. Shipping charges will be added to the final bid price of each item.
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