objectsfound
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posted on October 2, 2002 03:36:15 PM new
In a reserve price auction, how does a bidder go straight to the reserve on 1 bid? Please don't crucify me for a dumb question, but I really don't know how it's done on the 1st bid. I'm thinking that they probably go over the reserve, but still I would think it only takes what it needs to to make you the current high bidder then lets the rest of what you bid sit there until it needs to take more. Thanks.
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capotasto
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posted on October 2, 2002 04:13:32 PM new
". I'm thinking that they probably go over the reserve"
You are absolutely right.
No, the rest doesn't sit there -- it is as if the reserve is a forst bidder (except that you don't have to go over it by the bid increment).
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stonecold613
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posted on October 2, 2002 11:43:36 PM new
What I do is ask the seller what it is. If they don't respond within 24 hours, I do not bid. Actually 99% of the time, if there is a reserve, I don't bid, just move to the next auction the don't have a reserve.
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capotasto
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posted on October 3, 2002 05:11:24 AM new
You have nothing to lose by bidding on a reserve auction. Just bid what it's worth to you. If you make the reserve, great. If not, move on.
Takes less time than emailing the seller, and you may get the item.
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Libra63
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posted on October 3, 2002 07:59:10 AM new
I put the reserve in my auction description. It saves people writing emails to me and then if they want it they will bid.
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capotasto
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posted on October 3, 2002 08:16:51 AM new
I don't see the point of that. Why not just start the auction at the reserve price?
You would save the reserve price listing fee (which is refunded if the reserve is met, but sometimes it isn't).
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ptimko
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posted on October 3, 2002 09:22:26 AM new
capotasto
A reserve can be very useful if you have something you know is valuable and for which there is a limited market. Running the auction allows you to have a chance to advertise the item for sale. If the reserve is not met, you still have the option of selling the item at a lower price to anyone who may contact you during the auction.
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stonecold613
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posted on October 3, 2002 08:49:30 PM new
Which is exactly why ebay charges for reserve auctions. It is because people were putting reserves so high that the sale doesn't have a chance of meeting the reserve and then the sellers offering it to the under bidders avoiding Final Value Fees. IMHO the reserve option should be removed from all auction venues. All sellers should have to list items at the price they are willing to accept for it.
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tooltimes
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posted on October 3, 2002 11:17:08 PM new
I hate reserves too. No one would miss them if they went away but some unscrupulous sellers.  The auction process needs to be as simple as possible for newcomers.
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austbounty
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posted on October 3, 2002 11:22:34 PM new
YEAH!!!!!
"unscrupulous sellers"
have reserves.
???????????????
String'em up,
It'll teach'em a lesson!!!!!!!
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eagleedc
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posted on October 4, 2002 06:07:21 AM new
Great Idea about emailing sellers to ask reserve price! I did that yesterday and found an item reserved at about half it's vallue (that I need). Now to snipe it at the last minute and get a great bargin!
Thanks for the tip!
-Eagle
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mrspock
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posted on October 4, 2002 02:53:21 PM new
[b]
I don't see the point of that. Why not just start the auction at the reserve price? [/b]
ever go to a real life auction ?
how many times does the auctioneer holds up a item , now everbody knows its going ot bring at least 100 so he asks for a opening bid of 100 silence
ok wholl give me 50 ? more silence
sombody shouts out 20. then bam bam bam and its at 125 and keeps going .
now why didnt the guy who bid 125 bid 100 to get it started ?
human nature everbody wants to feel hes getting a bargin .
Geting back to your question , reserves work , I dont like them ethier but I do use them
I have tried it both ways and in some cases reserves are the best way to go .
spock here......
Live long and Prosper
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mrspock
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posted on October 4, 2002 02:56:01 PM new
objectsfound
to answer your question
In a reserve price auction, how does a bidder go straight to the reserve on 1 bid
say I list a item with a 9.99 opening bid and a 100 reserve
you bid 125.00
your bid will show up as 100 with the resrve met.
if you bid 99.99 you bid will show up as 9.99 resrve not met.
spock here......
Live long and Prosper
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