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Subject:	Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
Newsgroups:	lugnet.market.auction
Date:	Sat, 24 Apr 1999 03:05:56 GMT
Reply-To:	cjc@AVOIDSPAMnewsguy.com
Viewed:	750 times

Todd Lehman <lehman@javanet.com> wrote: > > 4) No reserves whatsoever. If you insist on getting at least price X, > > then they must choose X as the minimum opening bid. > 4. 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 or a seller. As both a buyer and a seller I think reserves usually just have the potential to waste peoples' time. 'Course, systems like eBay encourage ridiculous reserves, with their listing fee being tied to the minimum bid. -- Lego Shop at Home: 800-835-4386 (USA) / 800-267-5346 (Canada) www.lugnet.com/news/ - A great new resource for LEGO fans worldwide

Message has 2 Replies:

		Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
(...) 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?
(...) That used to be the case, but they've changed it. Now the listing fee is tied to the min bid or the reserve amount, whichever is greater. I still hate reserves, though, and I don't bid on items with reserves. My choice is (4) no reserves (...) (26 years ago, 28-Apr-99, to lugnet.market.auction)

Message is in Reply To:

		Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
(...) 4. --Todd (26 years ago, 24-Apr-99, to lugnet.market.auction)

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