Eb@y question about reserve prices

[optoman]

Why do people put a reserve price on what they are selling but not tell you what it is? And why not just start the bidding at the reserve price?

Thanks

 

[NetworkDad]

No doubt. I hate reserves. I can understand on a very high priced item, but even then, i might be apt to just start the bidding off at my minimum price that i want.

One of my favorite ways to list items, is to list such-and-such item at $49.99 with a buy-it-now for $50. No reserve needed, and i get exactly what i want for the item in question.

 

[Imdmn04]

if you knew that reserve amount, then you would bid like 1 dollar over, part of the fun of an auction is the suprise element, sometimes you win big and sometimes you lose big. people put reserves to attract newbie bidders cause they think the price is really low.

personally i never bid on auctions that has a reserve, its a turn-off.

 

[bigrash]

yeah, i hate when people put reserve price on their auctions. I never do that. I guess the reason why people do that is so that they can save a little by starting the auction at a very low price. when they put the reserve it makes sure that it doesn't sell at a low price.

 

[woodie1]

Originally posted by: optoman
Why do people put a reserve price on what they are selling but not tell you what it is? And why not just start the bidding at the reserve price?

Thanks

Makes things more exciting. Nothing says you have to bid if you don't like how something is listed.

 

[Vette73]

Originally posted by: Imdmn04
if you knew that reserve amount, then you would bid like 1 dollar over, part of the fun of an auction is the suprise element, sometimes you win big and sometimes you lose big. people put reserves to attract newbie bidders cause they think the price is really low.

personally i never bid on auctions that has a reserve, its a turn-off.

I agree... "i never bid on auctions that has a reserve"

 

[vtqanh]

me neither. Auctions with reserve prices are stupid

 

[optoman]

I'm glad I'm not the only one who hates them. I wish they would just come out and say how much they wanted and stopped wasting my time when I could be here.

 

[kami333]

Just email the seller, most times they'll tell you what it is.

Whenever I have a reserve I state what it is in my description and still people email me to ask what it is.

 

[EXman]

because if your the seller you do not want to sell a $1000 item for $500 if your auction goes bad. most sellers will tell you the reserve.