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<p>[QUOTE=&quot;Blaubart, post: 1895212, member: 37498&quot;]I think a BIN option will remain until a reserve price is met.&nbsp; If there is no reserve price, then the BIN option goes away as soon as the first bid is placed.</p><p><br /></p><p>Without the reserve price, then the bidding would never go above the BIN price if it remained an option until bidding exceeded the BIN price.&nbsp; Let&#039;s say you have a $0.99 start and a BIN of $30.&nbsp; Once the bidding goes up to $29, why would anyone put a bid for $30 when they could still BIN for $30?&nbsp; Or, what if the bidding was at $29.25, why bid $30.25 when you could BIN for $30?&nbsp; I suspect that&#039;s why the BIN option disappears after the first bid is placed on an auction without a reserve price.</p><p><br /></p><p>As for cancelling out people&#039;s bid with a BIN.&nbsp; Why not?&nbsp; It&#039;s not like the bidders didn&#039;t know BIN was an option from the start.&nbsp; It&#039;s like a &quot;best offer&quot; situation.&nbsp; You list your bike for sale on a bulletin board for $200 OBO and if a few people offer less than $200 and someone comes along and offers $200 - Sold!&nbsp; Too bad for the people who offered less than $200.[/QUOTE]</p><p><br /></p>

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