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 | | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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| (...) And the potential to make bidders *EXTREMELY* violently angry. Imagine if you lost out on something because your high bid of $110 was $15 less than the secret reserve price, and you held off on bidding on the same item in another auction (...) (26 years ago, 24-Apr-99, to lugnet.market.auction)
| | | | | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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| (...) Yeah, I gotta agree. I understand how the same item can reach 2x the reserve if the bidding starts low and then go unsold if the minimum is the high amount the seller wants, which kinda sucks, but I still don't like reserves, either as a buyer (...) (26 years ago, 24-Apr-99, to lugnet.market.auction)
| | | | | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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| (...) I agree. I personally don't bid on reserve price auctions until the reserve has been met because it is a waste of my time (especially if you cannot make firm bids :-)) -- Owen (26 years ago, 23-Apr-99, to lugnet.market.auction)
| | | | | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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| (...) 4. --Todd (26 years ago, 24-Apr-99, to lugnet.market.auction)
| | | | | Methodology: Reserve, Controlled Reserve, or No Reserve?
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| Question to all armchair economists/sociologi...theorists: (especially you, Todd ;-) From both the stand point of the buyer, and then the seller, what are your opinions of the following policies regarding secret reserve prices in auctions: 1) (...) (26 years ago, 24-Apr-99, to lugnet.market.auction)
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