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[quote="judyb723"]Thanks for the quick reply, all the info, and & an awesome service, Mario!![/quote]
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Cupid
Posted: Sun Nov 06, 2011 3:42 am
Post subject:
I'm a sniper with a very good idea of the value of the items that I take an interest in... What you say does not appear to relate to my circumstances.
If I know that an item has a price well below the market value I'm going to snipe it whether there is a reserve or not... but I'm not going to waste my time asking a seller what the reserve is... if I bid below the reserve I don't win, so be it, that is the sellers loss as far as I am concerned, it hasn't cost me anything or given them the impression that they may get more than their reserve.
What you have written might help explain why I've managed to win some of my best bargains on auctions that have a reserve though... if others avoid them just because they don't know the reserve that leaves the field open for me...
As far as I am concerned a seller is happy to sell at the reserve price or above, that price may be above what I am prepared to pay, but I wouldn't say that a seller was not serious about selling as a result, there are many things that sell at prices more than I am willing to pay, and many more that don't. Why bother listing an item at all if you are not interested in selling... as I have intimated, perhaps they are not interested in selling to an eBay member, that I can accept, but they at least want to know a value for the item in the eBay marketplace... More than likely because they would consider selling it to someone, somewhere. They have to pay for the privilege of setting a reserve, so some sellers obviously regard the option as having some value to them.
I also think some buyers get frustrated trying to find out what the reserve is by repeatedly placing bids well below the value but above the current asking price, and give up... once again the field is left open for me as a knowledgeable sniper.
I don't see anything sinister in a seller setting an reserve, it may be ill advised, but I see sellers, on the most part, as trying to get the most amount of money for their items without selling at a price they are not comfortable with, I don't see anything wrong with that and if they are prepared to pay for a reserve and think it helps them achieve what they want I wish them luck doing so... What it never does is change my perception of what value their item has to me.
Sumflow
Posted: Sun Nov 06, 2011 12:52 am
Post subject: Sinister
A reserve price is nothing more than a selling price. Until met it really is not for sale. The point of a reserve price is to protect the seller, against something selling too cheaply. Reserves work only when someone bids over the reserve, and a bidding war ensures. Up until that time, bidders have to play a lame duck auction, wasting the time of everyone, before the seller must sell to the highest bidder.
Cupid wrote:
With a reserve they additionally find out the current market value for their item without actually having to part with it..
I'm curious why you recommend people not to bid in those circumstances?
Sellers might use a reserve price because it allows them to set a low starting price to generate interest and bidding, but protects them from having to sell their item at a price that they feel is to low. If they can't tell you up front by setting a starting bid at their minimum price, they are probably not serious about selling the item.
When you get the reserve from the seller, you know whether it is worth your while to pursue the auction or not. It is like the bid is already in. If they will not tell you, the word sinister comes to mind. Unless you know what the selling price is, why spend time playing the guessing game to find out if you will pay that much for the item?
Contact the seller and ask for the reserve, just to cut to the chase. Why spend time researching the item, tying up capital and realizing a snipe price, only to get that annoying little message about how the reserve has not been met?
Most sellers want to sell there product, so they are usually more than happy to disclosure the reserve. Hiding the selling prices is a bizarre game-playing tactic. Many buyers will not bid on an item with a reserve price.
No one likes a reserve. Most people understand the necessity for it, if you are selling a very expensive item, certainly place a reserve on it, but let the potential bidders know what the reserve is. It does not have to be secret.
judyb723
Posted: Sat Nov 05, 2011 4:22 pm
Post subject: reserve price
Thanks for the quick reply, all the info, and & an awesome service, Mario!!
eddyystop
Posted: Sat Nov 05, 2011 2:32 pm
Post subject:
I've been buying at auction for over 20 years. Much of that has been at live auctions. I've been on eBay 12 years.
My experience is that a professional auctioneer will start bidding under the reserve price to build interest. People bid because the reserve may be low and they may get a deal.
Once there is some bidding and the "heat" builds up, its easier to get people to bid over the reserve.
In short, you may experience resistance getting a first bid of of $200. However you might a $200 bid easier if you start at $75 and have 3 or 4 people work their way up to $200.
Of course a Vulkan wouldn't bid this way, but we are not Vulkans.
Live long and prosper.
Cupid
Posted: Sat Nov 05, 2011 1:54 pm
Post subject:
Surely the point of a reserve for a seller is that they don't want people to know whether their bid will exceed it or not... if they just don't want to sell below that price I think most sellers will just set a starting price rather than a reserve.
With a reserve they additionally find out the current market value for their item without actually having to part with it, some find that useful if they have people outside eBay that may be interested in making an offer.
I think many sellers won't tell you what the reserve is, I'm curious why you recommend people not to bid in those circumstances?
Sumflow
Posted: Sat Nov 05, 2011 11:03 am
Post subject: Jumps straight to reserve
This means that you can win the item for less than your maximum amount as long as it meets, or exceeds the reserve price.
mario wrote:
eBay will "play" with increments if maximum bids are below the reserve price. If your maximum bid is above reserve, it will jump straight to reserve.
Until the bidding reaches the reserve price, the listing will display reserve not met, under the current bid. Seller's are not obliged to sell to the highest bidder below the reserve.
Always ask the seller what the reserve is. If the seller does not tell you, do not bid. eBay will place a bid that is just enough to make you the high bidder or,
meet the reserve price
. Which means they will automatically increase the bid to meet the reserve, and bidding will continue from there, up to your largest amount.
Cupid
Posted: Sat Nov 05, 2011 3:14 am
Post subject:
So, you are correct in your assertion that, coincidentally, your bid was the same as the reserve price.
If your snipe had been for more the price that you paid would still have been 135.
mario
Posted: Fri Nov 04, 2011 3:32 pm
Post subject:
Gixen does the same thing you would do manually - submit the maximum bid and then ebay sorts it out. eBay will "play" with increments if maximum bids are below the reserve price. If your maximum bid is above reserve, it will jump straight to reserve. This is what happened this time.
judyb723
Posted: Fri Nov 04, 2011 2:49 pm
Post subject: reserve price in auction
Item # 290625368751
I was wondering how Gixen works in reference to an auction that has a reserve price. Will Gixen bid all the way to the reserve price so that I will defintiely win the item, or will it only outbid the highest bidder? The last bid placed was $42.00, but Gixen placed my bid at $135.00. Does that mean that $135.00 WAS the reserve price? I won the auction, I'm not complaining, just interested in how Gixen works with a reserve price. Thanks for a terrific service, Mario!!
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