Posted By:
Griffin'sI had an item up once and the bidder put in a stupid bid just to find the reserve and then retracted it. I just dropped the reserve slightly so when he tried to snipe it under that amount (to be the high bidder but not the winner) he ended up winning it.
I rarely use a reserve (I think it drives off bidders) but when I do and am asked will give a general number, within 10% or so. Keeps the serious ones in.