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#2
02-25-2006, 11:29 AM
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T206 Ebay auctions - Ending early epidemic
Posted By: Judge Dred (Fred)
In a lot of cases the seller may not know what they have or the lack of early bidding on the item makes it easier for seller to accept a relatively large offer (with respect to the current bidding). Nobody wants to take it in the shorts although that's exactly what could happen if the seller terminates the auction in lieu of what the seller considers a fair cash offer. The item could be worth a heck of a lot more in the end but the seller just doesn't want to take a chance on it. I suppose that's what reserves are for. 
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