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Ebayer want to know reserve price...should I tell him?

A

axelfox

Diamond Member
Guy emails me and wants to know the reserve price on one of my auctions. Should I tell him? Would I be against eBay policies (can't find it). I would think it wouldn't be right, since it wouldn't be fair to the other.

What do you guys think?
 
Why the f* not tell him/her. He has taken the time to email you. I ask all the time and have never not been told. Why is the reserve price some secret? It's not...
 
Originally posted by: axelfox
Guy emails me and wants to know the reserve price on one of my auctions. Should I tell him? Would I be against eBay policies (can't find it). I would think it wouldn't be right, since it wouldn't be fair to the other.

What do you guys think?
Click to expand...

I have always told bidders the reserve price when they request it for my auctions. Since the reserve price is the minimum acceptable price, there is no skin off my back if I get it and get nothing more. If you want more, then you should have set a higher reserve price.
 
Wouldn't telling him just allow him to bid the least amount possible to get it if there are no other bids? I have no idea how bidding on ebay works but lets say reserve is $80 but he has no clue of that and bids $100...that would be better wouldn't it?
 
Originally posted by: spankyOO7
ask him how much he wants to pay.
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Exactly. Tell him to just keep bidding. The point of a secret reserve is that people bid MORE than the reserve price, the seller just doesn't end up selling it for less. An auction is not Best Buy.
 
Originally posted by: Antisocial-Virge
Wouldn't telling him just allow him to bid the least amount possible to get it if there are no other bids? I have no idea how bidding on ebay works but lets say reserve is $80 but he has no clue of that and bids $100...that would be better wouldn't it?
Click to expand...

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
 
Originally posted by: Jzero
Originally posted by: Antisocial-Virge
Wouldn't telling him just allow him to bid the least amount possible to get it if there are no other bids? I have no idea how bidding on ebay works but lets say reserve is $80 but he has no clue of that and bids $100...that would be better wouldn't it?
Click to expand...

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
Click to expand...

Exactly....
 
Originally posted by: Sundog
Why the f* not tell him/her. He has taken the time to email you. I ask all the time and have never not been told. Why is the reserve price some secret? It's not...
Click to expand...

Tada!!! This is my exact same opinion too.

A reserve price is the opposite of a "buy it now" price.

Hopefully you trust that he is not the only person interested in your auction? 🙂
 
Originally posted by: axelfox
Guy emails me and wants to know the reserve price on one of my auctions. Should I tell him? Would I be against eBay policies (can't find it). I would think it wouldn't be right, since it wouldn't be fair to the other.

What do you guys think?
Click to expand...

Well, explain to us why you have a erserve price to begin with?

I will do my best and assume it is because you do not want it to sell for a price lower than the reserve price? IF that is true then what harm will be done in telling someone the reserve?
 
All the no-bidders who would ask me for my reserve price can go soak their heads :| The reserve price is hidden so I can make a f*cking profit if you value my item more than what I value it at - which is the essence of an auction. If you want to pay fixed price, shop at a f*king retail store.

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
Click to expand...

But the next person to bid would do it above $100, not $80. eBay buyers are nuts if they try to get the cheapest deal in an environment where the buyer is the *highest* bidder
rolleye.gif
This is why whenever I need to sell something, I'd rather do it at AT FS/FT than at eBay.

The anger is because an asshole asked me for my Reserve Price at my very first auction at eBay and acted like a total prick when I told him I'd have to ask someone first to see if it was ok to give this info out. I did end up selling the item for more than my Reserve Price finally. Bidders can't seem to tell the difference between 'Buy it Now' prices and Reserve Prices. D*ckheads.
 
Originally posted by: athithi
All the no-bidders who would ask me for my reserve price can go soak their heads :| The reserve price is hidden so I can make a f*cking profit if you value my item more than what I value it at - which is the essence of an auction. If you want to pay fixed price, shop at a f*king retail store.

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
Click to expand...

But the next person to bid would do it above $100, not $80. eBay buyers are nuts if they try to get the cheapest deal in an environment where the buyer is the *highest* bidder
rolleye.gif
This is why whenever I need to sell something, I'd rather do it at AT FS/FT than at eBay.

The anger is because an asshole asked me for my Reserve Price at my very first auction at eBay and acted like a total prick when I told him I'd have to ask someone first to see if it was ok to give this info out. I did end up selling the item for more than my Reserve Price finally. Bidders can't seem to tell the difference between 'Buy it Now' prices and Reserve Prices. D*ckheads.
Click to expand...

i understand the difference between "buy it now" and "reserve", but still dont know what the problem is...

the main difference between the 2 is buy it now means exactly that...reserve still lets people out bid u...i dont know why u think u are gonna get more by keeping the reserve a secret
 
Originally posted by: axelfox
Guy emails me and wants to know the reserve price on one of my auctions. Should I tell him? Would I be against eBay policies (can't find it). I would think it wouldn't be right, since it wouldn't be fair to the other.

What do you guys think?
Click to expand...

Do tell, if you don't then he might think you are not sincere and you may lose this potential buyer. You have absolutely nothing to gain by keeping your reserve price a secret!
 
I personally never use reserve auctions. The problem is that a lot of people will not even bid on a reserve auction. Sometimes the reserve is so ludicrously high, it never will be met. Why waste your time when they are plenty of auctions for items with no reserve?

I always laugh at Ebay people though. I always start my auctions at $5, no matter how expensive the item is. I listed a Sony Vaio docking station that retails for $400 or so, and I had a guy email me about 6 hours after the auction started offering me $40. I politely told him no way. He then emailed me to tell me that the auction is only at $5, and he acted like he was doing me a favor by giving me his generous offer of $40.
LOL!!
rolleye.gif
We all know that most of the bidding takes place the last few hours of the auction.....
 
Originally posted by: athithi
All the no-bidders who would ask me for my reserve price can go soak their heads :| The reserve price is hidden so I can make a f*cking profit if you value my item more than what I value it at - which is the essence of an auction. If you want to pay fixed price, shop at a f*king retail store.

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
Click to expand...

But the next person to bid would do it above $100, not $80. eBay buyers are nuts if they try to get the cheapest deal in an environment where the buyer is the *highest* bidder
rolleye.gif
This is why whenever I need to sell something, I'd rather do it at AT FS/FT than at eBay.

The anger is because an asshole asked me for my Reserve Price at my very first auction at eBay and acted like a total prick when I told him I'd have to ask someone first to see if it was ok to give this info out. I did end up selling the item for more than my Reserve Price finally. Bidders can't seem to tell the difference between 'Buy it Now' prices and Reserve Prices. D*ckheads.
Click to expand...

hving the reserve price hidden wont help with a profit. IF someone wants it they will bid up to what they want to spend. The reserve price wont help that.

again if the reserve price is $80 and someone bid up to $100 then it will stop at $80. If someone wants to pay more then that then they will have to bid. wich will increse the price. regardless of the hidden reserve.
 
Originally posted by: waggy
Originally posted by: athithi
All the no-bidders who would ask me for my reserve price can go soak their heads :| The reserve price is hidden so I can make a f*cking profit if you value my item more than what I value it at - which is the essence of an auction. If you want to pay fixed price, shop at a f*king retail store.

If no one else bids, it would just stay at the reserve, so he'd pay $80 either way.
Click to expand...

But the next person to bid would do it above $100, not $80. eBay buyers are nuts if they try to get the cheapest deal in an environment where the buyer is the *highest* bidder
rolleye.gif
This is why whenever I need to sell something, I'd rather do it at AT FS/FT than at eBay.

The anger is because an asshole asked me for my Reserve Price at my very first auction at eBay and acted like a total prick when I told him I'd have to ask someone first to see if it was ok to give this info out. I did end up selling the item for more than my Reserve Price finally. Bidders can't seem to tell the difference between 'Buy it Now' prices and Reserve Prices. D*ckheads.
Click to expand...

hving the reserve price hidden wont help with a profit. IF someone wants it they will bid up to what they want to spend. The reserve price wont help that.

again if the reserve price is $80 and someone bid up to $100 then it will stop at $80. If someone wants to pay more then that then they will have to bid. wich will increse the price. regardless of the hidden reserve.
Click to expand...

If someone knew the reserve, they wouldn't bid at $100. The difference becomes obvious when someone tries to outbid you. You knew the reserve and bid low, so the other bidder bid just a little over you to beat you. If you didn't know the reserve and bid more than the reserve, the other bidder would cement the bidding level higher by bidding a little over your bid (which would now be higher than it would have been had you bid only reserve). Revealing the reserve price is disadvantageous to sellers. Frankly, while I doubt I'd sell anything on eBay again, I would definitely advise a seller not to reveal the reserve price just because some bidders think they are entitled to it. "He took the trouble to email me" does not entitle him to know my reserve price :disgust: Yes, reserve price auctions are less attractive than ones without. But it is to help new sellers gain confidence and sellers of uncommon items not lose money.

However, sellers can get by without the reserve price by keeping their opening bid amount high. It still does not mean rude bidders can demand to know the reserve price :disgust:
 
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