Thoughts??? The joy of the 99 cent starting price auction......

[Thromdog]

I agree with Scott. To each their own!

I posted this thread because I can't understand a 99 cent auction that has a reserve on it......not at all questioning the ethics of the seller or think he has some devious plan. It just didn't make sense to me as a buyer, but I'm guessing the seller has a valid reason.

In my mind, the 99 cent auction is a "you got 7 or 10 days to put out your best price, and I will accept it". I think setting up a reserve cancels that.

One of the newer approaches that I've seen that I like is having a a start price that you are fine selling for with no reserve set. If you only get a single bid, you are fine with that, and you can potentially get more.

[1952boyntoncollector]

Originally Posted by Thromdog

I agree with Scott. To each their own!

I posted this thread because I can't understand a 99 cent auction that has a reserve on it......not at all questioning the ethics of the seller or think he has some devious plan. It just didn't make sense to me as a buyer, but I'm guessing the seller has a valid reason.

In my mind, the 99 cent auction is a "you got 7 or 10 days to put out your best price, and I will accept it". I think setting up a reserve cancels that.

One of the newer approaches that I've seen that I like is having a a start price that you are fine selling for with no reserve set. If you only get a single bid, you are fine with that, and you can potentially get more.

You would be surprised how many times I listed an item with a start price of X and got no bids..but when started at .99 cents..the bidding got it above X...people think that a start price is inflated....that's why sellers are doing the .99 cents with a reserve...