Reply to "What do you think of reserve prices?"

quote:
Originally posted by corona:
Why bother stating a reserve...just adjust your opening bid. If it's good, it's good. If not, you'll know in 7 days. Why play games?

All auctions are games, whether you place a reserve or not.

In my opinion, if you've got a relatively scarce item that is in demand, using a reserve won't affect bidding. I sold an old laptop with a high reserve, and started the bids low ($9.99). It did better than any of the other similar laptops that sold previously.

If the item is readily available from other sellers, reserve will probably hurt you.

2/8/069:12 PM

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