healey36 wrote:If you list stuff on eBay "Best Offer", are you required to take the highest offer?
In a word: No
The seller generally has 48 hrs. to consider the offer. They can accept, make a counter offer, reject the offer, or just let the offer expire.
Ebay is always tweaking things, so there may be other bells and whistles by now. There is a lot of psychology involved. The buyer might think the seller is advertising that they will take less, but the seller may jack up his buy it now figure to sell his item quicker, enticing the buyer by making them think they are getting a bargain when they make an offer. Can you say cyber haggling?
example: If I have a boat I want to sell for $500, I offer to to you for $1000. You offer me $750. I accept and make an extra $250, and you are happy thinking you have beat me down $250.
We'll call it "Flea Market Roulette"