Stupid reserve price

Peter_Suciu

Peter_Suciu

Well-known member
I bid $100 on this helmet, which had an opening bid of $9.99. I didn't make the reserve. It is now $215+ and still hasn't met the reserve. I really am one that disagrees with a reserve price. Start the bidding higher then. I mean to start at $9.99 and have the reserve well over $200 for a helmet that in my opinion is worth about $200 is crazy:

http://www.ebay.com/itm/131833790320?_trksid=p2060353.m1431.l2649&ssPageName=STRK%3AMEBIDX%3AIT" onclick="window.open(this.href);return false;
 
Peter,

I completely agree. I do not see any point in putting on a reserve. If you have a level below which you won't sell, then put the starting price at that level, and don't annoy and deter prospective buyers by making them waste time pitching bids which are under the reserve. I won't bid on items with reserves now.


Patrick
 
I'll be honest that I sometimes bid $1,000 or more just to find out the reserve price and then retract it. It lets me know what the seller had in mind. eBay frowns on it, but I argue I meant to bid $100 instead.
 
I have not sold anything on ebay recently, but in the past, the starting bid made a difference in the fee charged by ebay for the listing.
 
Gustaf said:
I have not sold anything on ebay recently, but in the past, the starting bid made a difference in the fee charged by ebay for the listing.
Click to expand...

Yes. They are called GreedBay for a reason.
 
Some sellers set a low startingprice and hope there will be a biddingwar between 2 or more buyers. That's something i've seen before on some Belgian sites.

Pickelhaube
 
I agree. I asked a seller about this and he said it was to get the bidding going. My reply was that it had the opposite effect on me. On the other hand, I usually post my highest bid and let it ride. Very seldom do I put in a second bid unless it's on something very inexpensive.

:D Ron
 
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