Subject:
|
Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
|
Newsgroups:
|
lugnet.market.auction
|
Date:
|
Fri, 23 Apr 1999 20:54:42 GMT
|
Viewed:
|
550 times
|
| |
|
|
Todd Lehman wrote:
>
> In lugnet.market.auction, dbulkley@SeriousCollector.com (Derick Bulkley)
> writes:
> > Question to all armchair economists/sociologists/game-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) Reserve ok, whatever the seller chooses, goes.
> >
> > 2) Controlled reserve - the reserve price cannot exceed the opening bid
> > by either $50 or 50%, whichever is greater.
> >
> > 3) Controlled Reserve: reserves are ok, but seller must state a "Value
> > Range" that brackets the reserve. Sellers that state absurdly wide
> > ranges would be advised to do otherwise.
> >
> > 4) No reserves whatsoever. If you insist on getting at least price X,
> > then they must choose X as the minimum opening bid.
>
> 4.
>
> --Todd
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
|
|
Message is in Reply To:
10 Messages in This Thread:
  
 
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
