Reserve prices

[Guest Carsnboats]

Hi,

Wht are the rules on revealing your reserve price? Can't find anything on ebay!

Thanks

Clive

[Gruntfuggly]

Well anyone can tell it is at least 50 quid these days...

[sosidge]

Don't think there are any rules against revealing reserve prices.

Although I don't see the point of listing an auction with a reserve, and then telling people what it is. You may as well start the auction at your reserve if you do that!

[Voltar]

HI all. As long as we are on the subject.....Don't you love the auctions that say "No reserve" and have an opening bid of $99 or more?

On the very few occasions that I set a reserve price, I state that price in my auction. Why hide it? Jim

[Shodog]

quote:Originally posted by sosidge

Although I don't see the point of listing an auction with a reserve, and then telling people what it is. You may as well start the auction at your reserve if you do that!

---

id="quote">id="quote">

I agree with you but the human psyche is strange when it comes to trying to find a deal. It seems you get more bids and a higher ending price if you list something for $.01 with a $100 reserve than you do with listing something with a $100 start price.

[pleiku68(2)]

There are no rules...I have seen the reserves listed in the discription...voltar I agree...No reserve and high start price..See it a lot on the Hilux and Sand Scorcher NIB...$1,000 start price no reserve..and I agree with Shodog..the pysche for the penny start and a 100 reserve I have seen work...Myself I hardly ever run a reserve auction..Maybe two or three out of hundreds..I start with a very reasonalbe prices, usually less than I paid for the item and take it from there..Most time I make a little money but not often..LOL Jerry

quote:Originally posted by Kendalboatsman

Hi,

Wht are the rules on revealing your reserve price? Can't find anything on ebay!

Thanks

Clive

---

id="quote">id="quote">

[Mervyn]

I agree with the current thinking regarding reserve prices.What the heck I agree with all you guys. What I do on occasion,is list something with a reserve. Start the bidding/auction with a low number,and hopefully bump the reserve.I have found starting with low prices doesn't gaurantee your costs will be met. Its always a **** shoot no matter which way you go. I almost never reveal my reserve. I do have fun with all the emails asking what the reserve is,but mostly don't say.All in good fun[8D]

[Neil_S2000]

It's not unusual to state the reserve price, regular non-internet auctions usually state the reserve in the catalogue and start lower - as has already been said I think it helps to get people interested. It is a bit strange though, especially when people put in the first bid at £1.00! [xx(][]