Reserve Auctions Annoy Me...

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Posted By: Dan Mathewson

I never bid on them, virtually never. I say: Set it at a dollar or ten dollars, whatever, and let the bidders/market set the price. I get annoyed at the secret little reserve amounts.

Today, I noticed that dwmorris' T-202 finally sold, after having it on eBay for months and months. Originally, it was in a PSA holder, but i think he figured that was hampering its sellability, so he cracked it out. I think it was a PSA 3 or 4, I'm not sure. But, it's near the end of auction now as I'm writing this, and it's at $300 (reserve met).

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1836414542


I know a lot of people, though, that hate reserve auctions and won't bid on them... He must've spent $30 listing and relisting this thing for almost a year! <LOL>

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Posted By: leon

Reserve auctions protect a seller from getting low balled and allow people to bid the price up..therefore, letting the "opening" get going....there are many auctions, as I am sure you are aware, that have minimum bid amounts and then often don't meet reserve.... some wholesale car auctions come to mind.....at least this gives me another perspective though......best..

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Posted By: jay behrens

bidding doesn't hurt either because I ahve had several occasions where I was the high bidder and the reserve was not met, yet the seller agreed to sell the item to me at the bid I made.

They annoy me too, but if it's something I really want, I will generally bid anyway.

Jay