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Old 05-12-2004, 10:16 AM
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Default Reserve Price Auctions

Posted By: t-206collector

Runscott said: "This card is no longer for sell, but I'm really curious - why is this only a $79 card? Any thoughts?"

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=4128873925&ssPageName=ADME:B:EOAS:US:3

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My response is that the fact that the final bid was $79.00 doesn't mean that it is only worth $79.00, because it was a reserve price auction. In my opinion, this was the main reason it didn't get bid up higher.

Personally, it has to be a very special card for me to bid on a reserve auction if the current high bid hasn't yet reached that reserve limit. My assumption is always that the seller isn't willing to let the market dictate the value of the card. I don't have much of a problem with that, but the seller should instead set a minimum bid. Let the buyer know what your floor is. Hiding the floor is akin to saying "I don't really want to sell the card for market value, I just want to find out what it might be worth if I did ever want to sell it."

If you take the reserve away, I suspect it would go higher.

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