Opening price vs (known) reserve Poll

[Matthew H]

I really don't mind reserves with full disclosure, although I don't know why people bid if they aren't planing to meet the reserve.

You are right about action, Leon.

It really boils down to whether or not a seller is willing to take market value for his card and that's fine with me. Just tell me what the reserve is, so I know if I should bid.

[Leon]

Originally Posted by Matthew H

I really don't mind reserves with full disclosure, although I don't know why people bid if they aren't planing to meet the reserve.

You are right about action, Leon.

It really boils down to whether or not a seller is willing to take market value for his card and that's fine with me. Just tell me what the reserve is, so I know if I should bid.

I will generally not bid on cards with hidden reserves. To me it's a waste of time and I have better things to do... It seems that most times those hidden reserves are like the 4x of market BIN's.

[Cat]

I will bid in auctions with reserves but I won't place snipes (unless the reserve is already met). I will simply bump to the next bid level if it has a reserve. In the end, I do not win very many reserve auctions.

If it is an auction house and the item has a reserve and the auction house states that they will place floor bids up to the reserve, I will not bid at all.

[HRBAKER]

If it is an auction house and the item has a reserve and the auction house states that they will place floor bids up to the reserve, I will not bid at all.

Amen

[barrysloate]

When the economy was strong and prices for baseball cards were bullish, a reserve wasn't really necessary. It's a much different landscape today and like it or not, we are going to see more lots with reserves. That may soon be the only way auction houses will be able to consistently get consignments. It's a sign of the times.

[HRBAKER]

Originally Posted by barrysloate

When the economy was strong and prices for baseball cards were bullish, a reserve wasn't really necessary. It's a much different landscape today and like it or not, we are going to see more lots with reserves. That may soon be the only way auction houses will be able to consistently get consignments. It's a sign of the times.

Barry,

I agree with you but what you end up with is little more than a fixed price sale masquerading as an auction.

[GoldenAge50s]

Originally Posted by HRBAKER

Barry,

I agree with you but what you end up with is little more than a fixed price sale masquerading as an auction.

Jeff---

That's true, but if you have a Reserve that's in line w/ current values you are just protecting yourself from someone literally stealing a card from you by lowball bidding--and I'm not including those ridiculous 4x-6x BV Sellers.

I'm willing to sell my cards at fair market/decent values, but just because the economy is off I'm not going to GIVE quality cards away!

[Zach Wheat]

Originally Posted by Matthew H

I really don't mind reserves with full disclosure, although I don't know why people bid if they aren't planing to meet the reserve.

You are right about action, Leon.

It really boils down to whether or not a seller is willing to take market value for his card and that's fine with me. Just tell me what the reserve is, so I know if I should bid.

Matt,

I've had sellers come back to me with an offer to sell at my bid price which was below the reserve. That would be one reason...

Zach Wheat