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#1
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eBay question
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 |
#2
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eBay question
"Unrevealed Source" wrote in message
... 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? Yeah, that's pretty much it. I don't understand the point of the "secret reserve" either. Frankly, 99% of stuff I buy on eBay - and I buy a *lot* of stuff on eBay - I use Buy It Now. Only truly rare and/or collectable stuff is worth bidding on. For everyday stuff - batteries, DVDs, RAM, hard drives, books, stereo equipment - BIN is the only way to go. Mike |
#3
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eBay question
On Jan 31, 8:53 pm, "Mike" wrote:
Frankly, 99% of stuff I buy on eBay - and I buy a *lot* of stuff on eBay - I use Buy It Now. Only truly rare and/or collectable stuff is worth bidding on. For everyday stuff - batteries, DVDs, RAM, hard drives, books, stereo equipment - BIN is the only way to go. Mike Bull****. There are tens of thousands of "everyday stuff" that can be, and are, purchased for a fraction of the Buy It Now price. Is there anything you aren't an AUTHORITY on asshole? Probably from TexAss. |
#4
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eBay question
wrote in message
oups.com... On Jan 31, 8:53 pm, "Mike" wrote: Frankly, 99% of stuff I buy on eBay - and I buy a *lot* of stuff on eBay - I use Buy It Now. Only truly rare and/or collectable stuff is worth bidding on. For everyday stuff - batteries, DVDs, RAM, hard drives, books, stereo equipment - BIN is the only way to go. Mike Bull****. There are tens of thousands of "everyday stuff" that can be, and are, purchased for a fraction of the Buy It Now price. Is there anything you aren't an AUTHORITY on asshole? Probably from TexAss. I am sorry if the only thing YOU are an authority on is big dicks up your asswideopen. Mike |
#5
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eBay question
Well according to E-Bay to be quoted below -- it gets some people in the
bidding that would normally be put off by a high starting price. And protects the seller from having to sell at too low a price if they start with an attractive opening bid Sez E-Bay -------------------------------------------------- Reserve Price Don't want to sell your item below a certain price? Set a reserve price! A reserve price is a tool sellers can use to stimulate bidding on their auction-style item while reserving the right not to sell below a price they have in mind. Many sellers have found that too high a starting price discourages interest in their item, while an attractively low starting price makes them vulnerable to selling at an unsatisfactorily low price. A reserve price helps with this. How does it work? A reserve price is the lowest price at which you are willing to sell your item. If a bidder does not meet that price, you're not obligated to sell your item. You set your reserve price, as well as a starting price, when you list your item. The reserve price is not disclosed to bidders, but they will be told that your auction has a reserve price and whether or not the reserve has been met. All Reserve Price Auctions are subject to a Reserve Price Auction Fee that is refunded when you successfully complete your auction on eBay. If your item does not sell, this fee is not refunded. Leave the reserve price field blank if you don't want to use a reserve price. You may lower your reserve price after you receive bids on the item. Restrictions: Reserve Price Auctions are not available for Multiple Item Auctions (Dutch Auctions). --------------------------------------------------------------------- I think its a dumb idea -- but maybe I don't understand all I know about auctions (:-).I never use it when selling. And as a buyer, I'm put off when I see a reserve. ------------------------------- CL "Unrevealed Source" wrote in message ... 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 |
#6
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eBay question
Everybody's got their own opinion of these reserve priced auctions, and
are entitled to it. Me? If there is an unrevealed reserve, I do not bid. Why waste my time, if the proxi bids do not go up to the reserve you don't get the item even if your max bid is above the reserve. Stupid system in my opinion. Anyone else noticed that the people that use it are usually the folks that are too lazy to produce a bid generating listing? |
#7
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eBay question
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. |
#8
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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 |
#9
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eBay question
You're mostly correct, but it's not quite that simple.
Say you've got a radio for sale and you set a reasonable reserve to protect your investment. In other words, below a certain price you're willing to keep it and try again another day. Let's say that reserve is $200, and let's also say that it's worth that, maybe more (your reserve is reasonable). For whatever reason (time of year, other listings of the same radio running concurrently, whatever) interest is lower than expected and no one has yet met your reserve. I come along and snipe it, and as the high bidder at $190 I have "won" the radio. However, I haven't met your reserve so no transaction takes place. Everyone's time is wasted. BUT, if I email you and ask "What's your reserve" and you tell me, I would probably bump my bid to $200 just to guarantee that if I am the high bidder that I will actually get it. Why wouldn't you tell me your reserve? It's kind of self-defeating to keep it a secret. "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. |
#10
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eBay question
BUT, if I email you and ask "What's your reserve" and you tell me, I would
probably bump my bid to $200 just to guarantee that if I am the high bidder that I will actually get it. Why wouldn't you tell me your reserve? It's kind of self-defeating to keep it a secret. Exactly why I won't bid at all if someone won't tell me a reserve... F 'em if they wanna do mind games. Rich |
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