At 11:19 AM 8/12/00 -0500, Colin Doyle wrote:
>Hey! I do the same thing. I hate reserves. Why don't people just say what
>they are or start their auction price higher?
Basicly, the bargain hunters (like me), who want to pay less than
it's worth, won't bid if the price is too high. It takes an auction
starting low to get people into the game of bidding it up, like mass
hysteria, and the uncertainty of a reserve seems to help that effect.
Paul
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