Divulging your "reserve"??
1966CUDA
Posts: 2,008 ✭✭✭✭
If someone emails asking to divulge your reserve price on an Ebay auction, do you let them know???
0
Comments
I'm not real sure why anyone would not disclose a reserve price.
If I offer an item with a reserve, I always put the reserve price in my auction description.
So to answer your question, yes, the few times I have used a reserve.
-dal-
Rich
Close enough. Someone would just bid high and retract it- their bid would automatically stop at the reserve, so it's revealed anyway.
Of course anyone doing that gets blocked immediately.
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
...if so it's something new. I asked customer service that same question last February.....via "live help". The person told me there was no such policy.
Of course, they could have been wrong....
No it is not.. On the very rare occasion that I do use a reserve I always list it in the listing. When I bid on an item with a reserve if the seller will not reveal it I use the back button.
Why should it be a secret?? If I am buyer I want to know what it is going to take to get it. If the reserve is out of my league then I am not even going to waste my time.
Now if you do not set the auction up as a reserve price auction, but say I will not sell this item to any bidder for less than 1500.00 that is called reserved fee avoidance and is against Ebay rules.
<< <i>Revealing reserve on the auction is against ebay policy-I think-but when emailed I let them know
No it is not.. On the very rare occasion that I do use a reserve I always list it in the listing. >>
Then why don't you just start the item at a minimum bid of whatever your reserve is...?
marc
I generally do start my auction with the first bid equaling the lowest amount I would accept for the item in question. However, their are instances that this isn't a good idea like my example about listing an item for the sole reason to see it's true value for insurance purposes.
Rich
Either way is OK with me.
I'm gonna bid what I bid anyway.
mike
Thats easy generally speaking an item started at a lower price generates early bids faster. Sometimes this can cause a bidding war where the item will go for much more.
Lee
It becomes a psychological thing, plus when you use a reserve you have at the end of the listing selling the item to the highest bidder in a second chance offering. I may offer one reserve listing a year out of an average of 2500 auctions a year.. I feel that using a reserve is a big turn-off for buyers, but on the rare occasions I do it I always will list the reserve price in the listing.
Why would anybody bid less than that figure?
The seller can always remove the reserve amount and also has the option of selling the item to the highest bidder. There is a chance that the seller may take less.
Last Item I sold via reserve was a consignment for a beautiful spearpoint. The seller wanted 200.00 for it. Highest bid was 178.00. He told me to take it I made the second chance offer to the high bidder and he took it for 178.00.
Some people i know have their reserve price set at their BYN price. So why not just list it at the BYN price?
As for telling anyone my reserve price--No i don't--that's kind of the whole point. Maybe i'm just testing the market to see how high someone will bid on my card.