Correct.
I sell the DINKY TR4A and the AIRFIX Plastic model. I set a reserve to
protect my investment.
1. I do not want to sell these below my actual cost.
2. Once these are gone there may NEVER be any more to replace them - another
reason to use a reserve price to protect my investment.
My reserve on the DINKY TR4A is $16.00. If I have a opening bid of $16.00,
they would not sell as good as they do with the opening bid of $1.00. Don't
know why, it's just human nature.
Dinky Die Cast Model DY20 1965 Triumph TR4A
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=239204205
TRIUMPH TR4-A 1/32 Airfix Model MINT, SEALED!
http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=239206556
Regards,
Tom Winslow
--
Thomas P. Winslow
1966 TR4A IRS - CTC57665L <> 1968 TR250 - CD4783L <> 1968 TR250 - CD5272L <>
1980 MGB LE GVVDJ2AG503563
189 Hicks Creek Road, Troutman, NC 28166
h704-528-5868 * f704-528-5868 * p704-878-1157
E-Mail: winslow@vnet.net * tom_winslow@msn.com
Web Page: http://www.iredell.com/triumph.html
-----Original Message-----
From: owner-triumphs@autox.team.net
[mailto:owner-triumphs@autox.team.net]On Behalf Of Randall
Sent: Sunday, January 23, 2000 11:54 PM
Cc: triumphs@autox.team.net
Subject: Re: Ebay No Reserve and Set Opening Prices
It's a question of eBay terminology. A 'reserve' is an undisclosed bid
amount, below which the seller is not obligated to sell the item.
The essential difference between a reserve and an opening bid, is that
the opening bid is disclosed to the potential buyers, but the reserve is
not. So for instance, in this case, if the TR6 auction was a "reserve
price" auction, eBay would accept bids above whatever was set as the
opening bid, but until someone bid the reserve amount, the auction would
simply show "reserve not met", meaning the seller is not obligated to
sell at that price. (In my experience, very few sellers are willing to
sell below their reserve, but it does happen sometimes.)
IMO reserve auctions are a means for a seller to drum up interest in
their auction. Typically, one might list a TR6 with an opening bid of
$1000 and a reserve of $5000. The theory is that then lots of people
will think "Wow, a TR6 for only $1000, I want that !", start bidding on
the car, and get "auction fever". Thus, the seller is more likely to
get his desired selling price than simply setting an equivalent opening
bid.
Randall
RJS_CPA wrote:
>
> Sometimes on higher end pieces on ebay, and currently with the $20,000
TR6,
> the seller indicates no reserve, yet there is an established opening price
> of $20,000? There are no bidders. Ebay will not accept a price lower
than
> the established opening price, so I guess this no reserve TR6 has a
reserve
> of $20,000.
>
> Is this correct?
>
> Thanks.
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