This is topic Reserve prices ... in forum General Yak at 8mm Forum.
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Posted by Osi Osgood (Member # 424) on 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?
Posted by Winbert Hutahaean (Member # 58) on March 05, 2012, 01:31 PM:
I never plaec a bid on reserve price auction.
It just waste my time.
Posted by Adrian Winchester (Member # 248) on 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.
Posted by Michael O'Regan (Member # 938) on March 05, 2012, 02:13 PM:
I've found that the seller will usually divulge the reserve if you ask.
Posted by Winbert Hutahaean (Member # 58) on March 05, 2012, 03:53 PM:
Adrian, in your case than auction with reserve price = best offer.
Posted by Bill Brandenstein (Member # 892) on 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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