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#9
10-24-2006, 11:23 AM
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Ebay Reserve Auctions
Posted By: barrysloate
I do the same as Adam when I sell something on ebay with a reserve, and that is just tell the bidder what it is if he asks. The great majority of the time however I don't use reserves. But this is yet another of the flaws in ebay's system that they should address: since anybody can place and then retract a bid, all reserves can be revealed at no risk to the bidder. It really doesn't matter whether or not a seller has a reserve, as he is ethically permitted to based on ebay's format. But the fact that he has no way to guarantee the secrecy of it is a problem. 
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