8mm Forum: Reserve prices ...

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Topic: Reserve prices ...

Osi Osgood
Film God

Posts: 10204
From: Mountian Home, ID.
Registered: Jul 2005

posted March 05, 2012 01:30 PM

I personally think that when a seller places a "reserve price" on thier auction, it actually works against the item selling, cuz the buyer looks at it and assumes "Gad! I bet thier "reserve price" is intolerably high ...

... and in most cases, they are right.

What are you thoughts, folks?

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"All these moments will be lost in time, just like ... tears, in the rain. "

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Winbert Hutahaean
Film God

Posts: 5468
From: Nouméa, New Caledonia
Registered: Jun 2003

posted March 05, 2012 01:31 PM

I never plaec a bid on reserve price auction.

It just waste my time.

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Winbert

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Adrian Winchester
Film God

Posts: 2941
From: Croydon, London, UK
Registered: Aug 2004

posted March 05, 2012 01:42 PM

I agree that the reserve price indication isn't encouraging, but on the other hand stating a very high price as the starting bid isn't encouraging either! Reserve prices can work in your favour - there have been two instances in which I bid a decent amount for rare 16mm features that didn't reach the reserve, and the sellers opted to sell to me for a price below the reserve level.

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Adrian Winchester

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Michael O'Regan
Film God

Posts: 3085
From: Essex, UK
Registered: Oct 2007

posted March 05, 2012 02:13 PM

I've found that the seller will usually divulge the reserve if you ask.

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Winbert Hutahaean
Film God

Posts: 5468
From: Nouméa, New Caledonia
Registered: Jun 2003

posted March 05, 2012 03:53 PM

Adrian, in your case than auction with reserve price = best offer.

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Winbert

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Bill Brandenstein
Phenomenal Film Handler

Posts: 1632
From: California
Registered: Aug 2007

posted March 05, 2012 09:41 PM

I've used a reserve price once and only once! If the item had sold for less, I would've been out money I wasn't willing to lose. Thankfully, it bid exactly up to the reserve and sold.

Otherwise, a low start bid and good quality stuff takes care of itself if you treat it right.

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