it IS like a real auction but without the opportunity to watch your
opposition closely. The argument for a zero start and a hidden reserve
is that it encourages people to start bidding and once they've
started...the red mist may prevail.
But you pay heavily for that theory. It's all based on competition and
unless there's a mad face-off by two bidders or more, you'll only ever
get what someone is prepared to pay on the day. A fair starting price
is a good indication to a buyer of what you are prepared to accept and
has an element of honesty to it that appeals to me. It's also cheaper
so bugger the honesty.
AndrewF
On 10/03/2005, at 11:28 PM, Jez Cunningham wrote:
> Well I'm new to ebay selling but it always seemed to me in live
> auctions (you know, where you buy cattle and antiques) that if
> everyone knew that someone would be happy with X (his reserve) then
> they'll not bid much higher. I realise now that ebay is NOT like a
> real auction and I guess I tend to agree. But I really don't know the
> strategy to follow about setting a reserve next time... Some say
> don't put in a reserve but make your opening bid at that price. ??
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