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Old 05-12-2004, 01:13 PM
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Default 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."

That's cutting your nose off despite your face and just plain bad business judgment on your part. What possible harm does a bidder who knows your reserve have--unless you don't want to have the reserve met and the item sold. Instead by blocking you are eliminating a bidder who may actually meet the reserve (and at the very least will bid up your item).

"There are a lot of odd ducks playing the ebay game - figuring out what makes them tick so that you can get good prices on your sales can be tricky at times."

Ah, and there are alot of odd ducks (not too mention out right frauds) selling out there, too. (Such as sellers who refuse to reveal their reserve. I've never figured out the logic behind that one.) Figuring them out is part of making wise purchases at good prices and making sure you prioritize your resources and attention appropriately.

E-Bay's rules may seem to overwhelmingly favor the seller (legitimate or otherwise), so it's good too know that there are E-Bay rules that work to the buyer's advantage as well.

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