Opening price vs (known) reserve Poll

[HexsHeroes]

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For those auctions inwhich the reserve is unknown, I send the seller a polite inquiry. If the seller refuses to divulge the amount, I bail on the auction. My time is valuable (at least to me) and I am not a fan of guessing games.

If the seller does reveal the reserve, I feel I may have a slight advantage on most bidders in the auction. Some may pass, since there is a reserve. Others may assume the seller will not reveal the reserve amount. In those instances, I know something they do not. And I know others will have asked (and been answered) too.

I like auctions with high but fair minimums, when it's an item I covet very much. For those auction items, I would prefer fewer bidders (especially the resellers) participate in the chase. But I realize there are other, serious collectors who may value the same item as much as I (but with deeper pockets.

For those auction items inwhich a bargain is desired, lots with higher minimums and reserves are passed on.

For the seller, I understand the value of a reserve or minimum, inwhich to establish a minimum sale price in an auction format. It may limit/discouraged heated bidding and a higher sale price, but it eliminates giving an item away.