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| Subject: From: URL: E-mail: |
Re: Re: Re: Re: Re: reserve prices (Mon Mar 1 20:53:37 1999
) baddabing monkeyboy@fecalmatter.com |
Uh oh, the world has once again failed to live up to AniBoyBob's expectations! Try thinking about this, kiddo: you set a /reasonable/ low bid to get interested people bidding. You don't start bidding at the minimum you would accept or no one would bid! You set a reserve price so that you don't take too much of a loss if no one is overly interested in what you are selling. I've watched identical items on ebay, one with a low minimum bid and a reserve of say $200, and one with a starting bid of $200. The one with the reserve went up to $275 , while the one with the $200 starting bid and no reserve got NO BIDS. No, it's not logical, but it's the way things work. Deal. |
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