Quote:
Originally Posted by mintacular
When I see reserve my first reaction is that seller probably has set it too high/has an unreal expectation like most BIN sellers....therefore why participate in bidding all week and probably never reaching the reserve? I would prefer that a seller open an auction with a lower min bid rather than a reserve
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When I see auctions with reserves for an item that I'm interested in, the first thing that I do is to email the seller asking what the reserve is. Frankly, half of the time, the reserve is reasonable, and the other half it's way high. You never know until you ask. For example, the recent M101-5 Ruth rookie PSA 4 that sold on ebay had a reserve of 15K, which the seller said he put at because it was a bit under SMR for that card. I was praying that I would somehow luck into this card because ppl would avoid bidding because of the reserve so I set a snipe at 18K. It ended up selling for $28K to someone else.