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#8
February 1st 07, 08:43 PM
posted to rec.radio.shortwave
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eBay question
"Roadie" wrote in message oups.com... On Jan 31, 9:21 pm, "Unrevealed Source" wrote: I think it's fair to say that most people here are fairly savvy when it comes to eBay buying/selling, so let me throw out this question: What is the value of keeping a reserve price secret? When there's a radio I'm interested in that has a reserve, I always ask the seller what that reserve is. That way I know whether or not I'd be wasting my time watching it, and it may make a difference in how much I bid. So if, for example, you see a $400-450 radio but the guy says his reserve is $800, you don't waste your time. And likewise if he says his reserve is $425, you might bid the $425 even if $375 would make you the high bidder, so that you actually get the item instead of "Reserve not met" being the result. If you know the reserve you can make the decision. However, many sellers reply that they don't reveal their reserve. What's the point? Isn't the reserve just another way of saying "This item is up for auction to the highest bidder, but here is the least I'll take for it"? What am I missing? Jeff Who cares what the reserve is - it is irrelevant to what you should bid. You should know the value of the radio and what you maximum price is. If you are interested in the item just bid your maximum and get on with life. The proxy bidding system will bid yours and everyone elses bid up. And I guaranteee you that the the person who wants the radio the most will win because they will be the high bidder. Totally Agree with Roadie CL |
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