Question
I was just doing some research on eBay and I found 3 auctions by the same seller that baffled me.
Starting Bid $1.99 (reserve not met)
Buy It Now $6.99 or $7.99
I guess I just don't understand their logic on this one
Answer
I've often wondered the same thing. The ones that have me shaking my head have a .99 cent start and a final bid of $5.......reserve met.
Answer
Maybe the seller is just testing different pricing schemes to see which works best.
Ms. C.
Answer
A lot of folks who use Reserves, quote the Reserve price in the actual text of the auction. The object being I assume to bring in prospective buyers with a low starting price... but to let them know right away what amount minimum is needed in order to win the item. I guess it also helps to keep the eBay listing fee low by having a starting price lower than the actual minimum one will accept for the item.
What do our members think of this practice? (of revealing the Reserve price in the auction)
Tom
Answer
Originally Posted by tfmurphhk
I guess it also helps to keep the eBay listing fee low by having a starting price lower than the actual minimum one will accept for the item.
Listing fees for a reserve auction are based on the reserve price, not the starting bid. (Or at least they always have been - did something change that I don't know about?)
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And isn't there an extra reserve fee as well?
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And isn't there an extra reserve fee as well?
Yes, but you get it back if the item sells for your reserve.
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It the only way to EVER get me even interested in bidding in a reserve price auction. I have bid in a few that were for charity kinda things. I have no interest in trying to play games and guessing what the seller wants. There is always another one somewhere/sometime else that I can bid on.
Originally Posted by tfmurphhk
What do our members think of this practice? (of revealing the Reserve price in the auction)
Tom
Answer
the reserve acts as a second bidder, if they put in a ten dollar proxy on a 99 cent opening bid, reserve is 9.75, jumps to 10.00 and they get back their reserve fee
that is why you are seeing it.
Answer
With the exception of MommyGoneCrazy, no one seems to have responded to the question of whether it is a good idea to post the Reserve Price amount in the text of the auction.
No other thoughts??
Tom