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Posted By: davidcycleback

Unless you financially have to sell, I think in a down economy the seller is more willing to have an item not sell and hold it for later date. If the economy is doing well, then you are willing to let things fly. From a practical standpoint, if the market is down, I don't know why a seller would have that market dictate his prices, when he can wait and potentially have a better market dictate prices. Thus, the stop gap in the down market is higher minimums and/or reserves. Again, this works if the seller doesn't have to to sell at any given moment.

Buyers of course want the system that allows them to buy things for as cheaply as possible. Sellers don't necessarily subscribe to that system. A free down market dictating prices is what the buyers what, not the sellers. It shouldn't surprise that sellers put up a road blocks in a down market and bidders dislike them.