diff --git a/src/pretix/base/models/items.py b/src/pretix/base/models/items.py
index d307ba9c7c..339ad45014 100644
--- a/src/pretix/base/models/items.py
+++ b/src/pretix/base/models/items.py
@@ -594,10 +594,11 @@ class Item(LoggedModel):
         on_delete=models.SET_NULL,
         verbose_name=_("Only show after sellout of"),
         help_text=_("If you select a product here, this product will only be shown when that product is "
-                    "sold out. If combined with the option to hide sold-out products, this allows you to "
-                    "swap out products for more expensive ones once the cheaper option is sold out. There might "
-                    "be a short period in which both products are visible while all tickets of the referenced "
-                    "product are reserved, but not yet sold.")
+                    "no longer available. This will happen either because the other product has sold out or because "
+                    "the time is outside of the sales window for the other product. If combined with the option "
+                    "to hide sold-out products, this allows you to swap out products for more expensive ones once "
+                    "the cheaper option is sold out. There might be a short period in which both products are visible "
+                    "while all tickets of the referenced product are reserved, but not yet sold.")
     )
     hidden_if_item_available_mode = models.CharField(
         choices=UNAVAIL_MODES,
diff --git a/src/pretix/presale/views/event.py b/src/pretix/presale/views/event.py
index d5c7b35922..2b3b08aaa3 100644
--- a/src/pretix/presale/views/event.py
+++ b/src/pretix/presale/views/event.py
@@ -311,7 +311,8 @@ def get_grouped_items(event, *, channel: SalesChannel, subevent=None, voucher=No
                 )
             else:
                 q = item.hidden_if_item_available.check_quotas(subevent=subevent, _cache=quota_cache, include_bundled=True)
-                item._dependency_available = q[0] == Quota.AVAILABILITY_OK
+                time_available = item.hidden_if_item_available.is_available()
+                item._dependency_available = (q[0] == Quota.AVAILABILITY_OK) and time_available
             if item._dependency_available and item.hidden_if_item_available_mode == Item.UNAVAIL_MODE_HIDDEN:
                 item._remove = True
                 continue
diff --git a/src/tests/presale/test_event.py b/src/tests/presale/test_event.py
index 078dbb7357..2f389bebe1 100644
--- a/src/tests/presale/test_event.py
+++ b/src/tests/presale/test_event.py
@@ -46,6 +46,7 @@ from django.core.exceptions import ValidationError
 from django.test import TestCase
 from django.utils.timezone import now
 from django_scopes import scopes_disabled
+from freezegun import freeze_time
 from tests.base import SoupTest
 from tests.testdummy.signals import FoobarSalesChannel
 
@@ -272,6 +273,48 @@ class ItemDisplayTest(EventTestMixin, SoupTest):
         resp = self.client.get('/%s/%s/' % (self.orga.slug, self.event.slug))
         self.assertNotIn("Early-bird", resp.rendered_content)
 
+    def tiered_availability_by_date_and_quota(self, q1_size, q2_size, time_offset, expected_phase):
+        current_time = now()
+
+        with scopes_disabled():
+            q1 = Quota.objects.create(event=self.event, name='Phase 1', size=q1_size)
+            item1 = Item.objects.create(
+                event=self.event,
+                name='Phase 1',
+                default_price=0,
+                available_from=current_time,
+                available_until=current_time + datetime.timedelta(days=1),
+                available_from_mode=Item.UNAVAIL_MODE_HIDDEN,
+                available_until_mode=Item.UNAVAIL_MODE_HIDDEN,
+                hidden_if_item_available_mode=Item.UNAVAIL_MODE_HIDDEN,
+            )
+            q1.items.add(item1)
+            q2 = Quota.objects.create(event=self.event, name='Phase 2', size=q2_size)
+            item2 = Item.objects.create(
+                event=self.event,
+                name='Phase 2',
+                default_price=0,
+                available_from=current_time + datetime.timedelta(days=0),
+                available_until=current_time + datetime.timedelta(days=2),
+                available_from_mode=Item.UNAVAIL_MODE_HIDDEN,
+                available_until_mode=Item.UNAVAIL_MODE_HIDDEN,
+                hidden_if_item_available_mode=Item.UNAVAIL_MODE_HIDDEN,
+                hidden_if_item_available=item1
+            )
+            q2.items.add(item2)
+            with freeze_time(current_time + time_offset):
+                resp = self.client.get('/%s/%s/' % (self.orga.slug, self.event.slug))
+                self.assertIn(expected_phase, resp.rendered_content)
+
+    def test_tiered_availability_by_date_and_quota_phase1_available(self):
+        self.tiered_availability_by_date_and_quota(1, 1, datetime.timedelta(seconds=1), "Phase 1")
+
+    def test_tiered_availability_by_date_and_quota_phase1_sold_out(self):
+        self.tiered_availability_by_date_and_quota(0, 1, datetime.timedelta(seconds=1), "Phase 2")
+
+    def test_tiered_availability_by_date_and_quota_phase1_timed_out(self):
+        self.tiered_availability_by_date_and_quota(1, 1, datetime.timedelta(days=1, hours=1), "Phase 2")
+
     def test_subevents_inactive_unknown(self):
         self.event.has_subevents = True
         self.event.save()