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

[Thromdog]

.....killed the moment I notice a reserve price on the auction.

I just don't get it.

Thoughts?

[bobbyw8469]

A lot of sellers don't do .99 cents auctions. This isn't 2001. Ebay back then, you used to could get away with .99 cent auctions as a seller. Your item will bring fair market price. If you do a .99 cent auction now, you are libel to take a bath and get your feelings hurt. I sold a 1954 Bowman Ted Williams SGC 5 under a .99 cent auction. It sold for $800. The winning buyer has it for sell for $1,200. Should be gone within the month.

I'm sorry, but it is just to risky for sellers to run .99 cent auctions anymore. Unless you are Probstein or PWCC, you just don't get the bids that you used to get.

[Mrc32]

Those were the good ole days. .99 auctions became a thing of the past when ebay moved to a Buy It now model.

[edjs]

I think the OP is asking why run a .99 cent auction and then put a reserve on the item? Why not just start the auction at the reserve price to begin with? Is that right, Thromdog?

[freakhappy]

Originally Posted by edjs

I think the OP is asking why run a .99 cent auction and then put a reserve on the item? Why not just start the auction at the reserve price to begin with? Is that right, Thromdog?

I think you're right. A .99 cent auction isn't really a .99 cent auction if you put a reserve on it!


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[bobbyw8469]

I believe cause the seller would like to get higher than the reserve. When the reserve is the minimum bid, then everyone knows what that number is. Sometimes that number is best to stay hidden, especially if your item is rare, and more than one person wants it.