|
#1
|
|||
|
|||
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?" |
#2
|
|||
|
|||
Reserve Price Auctions
Posted By: Nickinvegas
T206: |
#3
|
|||
|
|||
Reserve Price Auctions
Posted By: runscott
You're right - the high bid could actually have been 1 cent under the reserve. I had forgotten that. |
#4
|
|||
|
|||
Reserve Price Auctions
Posted By: AdamBaxter
Just my opinion, but I think the reserve issue depends alot on who the seller is. If your a seller with a lot of financial resources to fall back on, then getting hit once in a while on a no reserve auction probably won't hurt as much. But if your selling something and you can't take the hit, then your screwed. Case in point, is the auctions I've been running lately for a couple of 19th century cabinets. I'm not wealthy and I'm not a professional card dealer so if I take off the reserves and they sell for less then the market price or even for less then what I paid, then I'm being a fool. I understand that everyone goes on Ebay to look for deals, hell I'm one of them, but sometimes you have to be firm on the price to protect your investment. |
#5
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
You can easily get around E-Bay's reserve price auction. All you have to do is place a very high bid that you believe will be above the reserve and then retract your bid (entered wrong amount). Then you place a small bid that you know will fall below the reserve (or even below the high-bidder if you like). Then you can follow the auction to its end and bid appropriately if you believe the reserve is fair. |
#6
|
|||
|
|||
Reserve Price Auctions
Posted By: AdamBaxter
If you really want the card there's no harm in e-mailing the seller and asking them what the reserve is. The worst that can happen is that the seller won't tell you. Sometimes they are more then happy too disclose it in the hope that you might bid anyway. |
#7
|
|||
|
|||
Reserve Price Auctions
Posted By: t-206collector
...I choose not to bid high and then retract in order to discover the reserve price. If I am truly interested in an item, I will e-mail the seller and ask for the reserve, which is only rarely ever withheld. Otherwise, I just avoid the auction. |
#8
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
I'd say about 80-85% of the time the seller won't reveal the reserve. That's the primary reason I switched tactics. |
#9
|
|||
|
|||
Reserve Price Auctions
Posted By: Scott Forrest
For many ebayers, this whole auction thing is a game - if it isn't fun, they don't play. Thus, $100 minimum bid is interesting to a dealer who thinks he can re-sell the item for 20% more, but not necessarily interesting to all others. |
#10
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
"Regarding bid retractions - I have had bidders do that to me. I then added them to my blocked bidders list." |
#11
|
|||
|
|||
Reserve Price Auctions
Posted By: Scott Forrest
I wasn't trying to be confrontational. I realize that there are a lot of you who simply don't like me and you'd like nothing more than to bait me into a fight so that you can see Bill slap my wrist again. It's not going to happen. |
#12
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
Don't even sweat it. I didn't interpret your post as at all confrontational--just another POV, which I for one welcome. My response was meant as more of a "ah, touché" and not to flame. |
#13
|
|||
|
|||
Reserve Price Auctions
Posted By: warshawlaw
I generally do not use reserves because I get ticked off wasting my time playing guess the price on reserve auctions, so I figure others mught feel the same way. Also, I hate having a reserve and fielding all of the queries over what the reserve is. I typically set the minimum where I am comfortable and often spend the nickel to throw in a BIN at a level where I would be very happy with the sale. I've never been a big fan of auctioneers who set ridiculously low minimums; just doesn't strike me as honest. |
#14
|
|||
|
|||
Reserve Price Auctions
Posted By: runscott
Still, I think it's best I keep my opinions to myself for a while. I'll be back in a few weeks - you guys enjoy. |
#15
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
I use a reserve if I think my idea of how much an item may be worth might differ significantly from what buyers might think. (Especially in an instance of when I'm re-selling an item and I want to make sure I at least make back what I paid for it.) |
#16
|
|||
|
|||
Reserve Price Auctions
Posted By: Elliot
A few points: |
#17
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
"3) If you're willing to disclose the reserve price to everybody and in the auction listing, why not just start the bidding off at that level and save the ebay fee." |
#18
|
|||
|
|||
Reserve Price Auctions
Posted By: Elliot
So, if other people act sleazy on eBay, that gives everybody the right to act sleazy. Not that I actually don't see the argument in favor of that, just not something I could do. |
#19
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
"So, if other people act sleazy on eBay, that gives everybody the right to act sleazy. Not that I actually don't see the argument in favor of that, just not something I could do." |
#20
|
|||
|
|||
Reserve Price Auctions
Posted By: jay behrens
You seem to forget that eBay will also suppend you if have too many bid retractions. And all it would take is one pissed off PowerSeller complaining to eBay to get you suspended. Your methos is cute, but also very tacky. And just because the rules don't forbid it, doesn't mean that is OK or ethical to do so. Then again, when it comes to money and/or collectibles, peopole's moral adn ethics seem to go out the door. |
#21
|
|||
|
|||
Reserve Price Auctions
Posted By: leon
Not to get into a war but I would not appreciate someone retracting a bid just to find out my reserve. If I knew they did it just to find out, after I made it clear I didn't want to tell, then I would politely block that bidder from all future auctions of mine. . Just my opinion.. best regards |
#22
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
"You seem to forget that eBay will also suppend you if have too many bid retractions." |
#23
|
|||
|
|||
Reserve Price Auctions
Posted By: Aaron M.
"If I knew they did it just to find out, after I made it clear I didn't want to tell, then I would politely block that bidder from all future auctions of mine." |
#24
|
|||
|
|||
Reserve Price Auctions
Posted By: jay behrens
Aaron, you seem to forget that eBay will protect their precious PowerSellers at all cost. If you piss off a PowerSeller by pulling that stunt adn they complain to eBay, I have no doubt you will find yourself with a suspeneded account. That's just the reality of eBay. Doesn't matter if there is a loophole or not. It's all about the PowerSellers as far as eBay is concerned. You and the money you spend doesn't matter. |
#25
|
|||
|
|||
Reserve Price Auctions
Posted By: leon
Certainly nothing personal here just a friendly discussion. The reason I might not want my reserve known is that if I tell that it's $1000.00, and that person was going to bid $1200, then I might be leaving money on the table....as the bidder could bid $1005.00 and win it (potentially if no one else bid). The reason I would block a person for doing that is out of principle. They jab me and I jab back....it's easy.....take care |
#26
|
|||
|
|||
Reserve Price Auctions
Posted By: hop373
Reserve prices are nothing more than head games played with potential customers. I have written eBay to complain about what a lousy practice I have always felt reserve bidding is. They answer back was that it allows sellers to "research the value of their items just like buyers are able to do their own research"...???? Does anyone else see the difference between buyer's research and seller's research. Can't sellers research items the same way as buyers? |
#27
|
|||
|
|||
Reserve Price Auctions
Posted By: jay behrens
I've got 8 years experience selling on eBay, and from that experieince I can tell you that if you high demand item, then starting with low minimum and letting he auction runs works fine. However, if you have a low demand or unusual item you are uncertain about, you can go do the above and hope 2 people want the item, but chances are you will loss money most of the time. |
#28
|
|||
|
|||
Reserve Price Auctions
Posted By: leon
I agree with the folks that say they don't like reserve auctions. I don't either. Out of the hundreds of vintage cards I have sold on ebay I have done exactly 2 with reserve auctions. One was my Four Base Hits because Rocketlover dude was spending hundreds of thousands and I thought I might snag a whale. I didn't. The other was a G & B Keefe that DID meet reserve and the winner was very happy. For the most part I hate reserves too, just to clarify. later |
#29
|
|||
|
|||
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. |
#30
|
|||
|
|||
Reserve Price Auctions
Posted By: t-206collector
...but higher price: |
#31
|
|||
|
|||
Reserve Price Auctions
Posted By: petecld
Very bad example. This one sold as high as it did because the winner will erase the small pencil mark, re-submit, and get a 50 or even a 60. |
#32
|
|||
|
|||
Reserve Price Auctions
Posted By: t-206collector
...I never bid on graded cards with writing on them, and I do not think I'm alone in this category. Moreover, the card that sold today is badly off-center. I think those factors naturally bring the value down. |
#33
|
|||
|
|||
Reserve Price Auctions
Posted By: t-206collector
...today's card graded out as a 3! The card that didn't sell for $79 Sunday night (arguably the best night to sell) was a 4. |
#34
|
|||
|
|||
Reserve Price Auctions
Posted By: t-206collector
My point is not that today's card is overvalued. I am only suggesting that Sunday night's card was undervalued because buyers were discouraged by the setting of a reserve greater than $79. |
#35
|
|||
|
|||
Reserve Price Auctions
Posted By: warshawlaw
I agree that a reserve will deter some people, especially when they make multiple bids that don't hit it, but to jump from there to say that the reserve on this particular item caused the item to fail because a non-reserved lot sold for more is simply not warranted. Many factors out of the hands of the seller affect the outcome of an auction, most significantly differences from day to day in who is surfing ebay looking for stuff. It always blows my mind when an item fails one week and I lower the price only to have it sell for even more the next week. Sometimes, you have a great item that goes begging one day and kills the next simply because the two key players in the latter auction did not spot it that previous time. I go through ebay religiously every day and I still end up missing stuff that I would have bid way more to own than the winning bid had I seen it. |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
No Reserve Auctions - 2 T206 Cy Youngs - PSA Graded | Archive | Ebay, Auction and other Venues Announcement- B/S/T | 0 | 04-06-2009 10:03 AM |
Sorry for the rant....but I hate reserve price auctions. | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 15 | 03-26-2007 02:08 PM |
Ebay Reserve Auctions | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 15 | 10-24-2006 08:46 PM |
eBay changes reserve price fee | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 1 | 03-11-2003 10:34 AM |
Reserve Auctions Annoy Me... | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 2 | 06-21-2002 12:52 PM |