On Oct 13, 2006, at 6:50 AM, Peter C. wrote:
> Listerati Cognescenti,
> I know many of you are well versed in the ways of eBay. Perhaps
> you can answer a question(s) for me.
>
> What does it mean when someone asks me what my reserve price is on
> something? Should I answer? And how?
>
> Or... should I have a reserve at all?
>
> Peter C.
>
My own feelings are that my reserve, if any, is far better being
unknown. If I tell people what my reserve is, they have no impetus
to join the bidding game. If I keep it unknown, they are more likely
to get caught up in the fever, as it were, to my advantage. I try
not to use a reserve, because the cost is high, but for some things
it is either use a reserve or make the initial bid so high as to be
impractical. I simply tell those who ask that I don't publish my
reserve. Regards, Bill
ebay name - slightlyclassics
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