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Old 05-13-2004, 01:16 PM
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Default Reserve Price Auctions

Posted By: bcornell

Earlier this year, I won a card from dwmorris that they had previously listed no less than 10 times with a reserve. After trying once and failing, I had refused to bid on it again - buyers can be just as stubborn as unmoveable sellers. They were getting 2 or 3 bids at no more than $100 or so the last few times they tried to strong-arm it... When the reserve finally came off, the card sold for over $300 with about 15 bids. Not a coincidence, I think - reserves may protect your investment, but they also prevent you from getting bids.

Bill

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