At 4:29 PM 8/11/00 -0400, Mugan Scott-ESM011 wrote:
>The problem with a reserve auction is that many people will not bid on them.
>I am one of those people. My reasons are two fold. The first is that I do
>not know what the reserve is, I do not want to waste my time bidding on
>something that I may not get, even if I am the high bidder. The second
>reason is that I feel that the people who put a reserve on something have no
>faith in the system. Also I have found that many people place a high reserve
>price so that they don't really have to sell it. There is a reason that ebay
>charges for reserve auctions now. I have sold many things on ebay and have
>never set a reserve and have never been disappointed about how much I got
>for something.
IMHO, you and everyone who thinks like you, are just plain silly.
The point is that the auctions which people DON'T bid on are those with an
initial price high enough to not put a reserve on it. There is a price,
below which I won't sell and if I set that as a starting bid, people get
more scared by that than a reserve bid. On items where demand is highly
variable, you are taking a BIG chance on a high ticket item with no
reserve.
Paul
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