Subject:
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Re: High Starting Price, or High Reserve - Which is Best? (was Re: Bulk Listings On Ebay)
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 14 Apr 2000 21:11:15 GMT
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Highlighted:
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(details)
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In lugnet.market.theory, Scott Arthur writes:
>
> > I think that the lack of bids on some items was more directly related to the
> > fact that I set high opening bids on the lots in this batch. But then I'd
> > rather not sell them then get a ridiculously low price for them, which
> > happened to several lots in my previous batch which all had an opening bid
> > set at $1.
>
> Has any one any thought on what works best between:
> 1. Starting auction at $0.01 but placing a higher resrve.
> 2. Or starting the same lot at the high resreve.
>
> Just wondering
From my experience at Ebay,I have followed one piece of advice they offer,I
usually start my auction at the lowest reasonable price I am willing to
accept.I have sold nearly everything I posted the 1st time and if not I lower
the bid and it usually goes.I never use a reserve and rarely bid them.
> I tend to construct my auctions in a way that makes sure that the value • exceeds
> $8 ( As below that it is just not worth the hassle.) - but still start the
> auction at $0.01 / NR.
>
> Scott A
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