What do you do in this situation?

pink1 · Apr 14th, 2008, 06:39 PM

I'm selling a bag and just got an email. The person wants to know what my reserve price is. How do I answer that?

print*model · Apr 14th, 2008, 06:51 PM

Well, as a seller, you have the choice to reveal your reserve price or not. Some sellers will reveal their reserve prices thinking that if they don't, potential bidders who ask will then choose not to bid if they don't get an answer.

Some sellers don't reveal their reserve prices because to them, if someone wants your item bad enough they will bid anyway and thus keep the auction competetive which is always good for the seller.

Personally, it depends on the mood I'm in. LOL! I used to never reveal my reserve but lately I've been revealing my reserve prices to everyone who asks and I've found that most of the time those who ask don't even bid. I lean towards thinking that it's in a seller's best interest not to reveal the reserve price. If you want the item, then bid on it. A buyer should KNOW how much they want to spend. So bid. And if you don't reach my reserve with your maximum bid, then move on. Their bidding helps ME as a seller. It lets other potential bidders know they they have competition for my item. More competition = more bids. More bids = potentially more money for my item.

sckcs · Apr 14th, 2008, 07:13 PM

I won't bid if I don't know what the reserve is.

Ammietwist · Apr 14th, 2008, 07:21 PM

I never sell with a reserve because I'll make the minimum bid the minimum I'd accept, but if I did, I'd reveal it in the listing itself. I don't bid when there's a hidden reserve because it's simply a waste of my time.

tonij2000 · Apr 14th, 2008, 07:34 PM

I bypass auctions with reserves and I see the same items listed over and over again..."reserve not me." To answer your question, I would tell.

gacats · Apr 14th, 2008, 07:37 PM

Go ahead & tell, you have nothing to lose.

Varied_obsessions · Apr 14th, 2008, 07:37 PM

Sure you can tell. I've found that reserve auctions I no longer even bother bidding on. I just start my auctions at the bottom of what I'm willing to take and I've done far better than I did when I had reserves. Good luck!! :)

HuskyLover · Apr 14th, 2008, 08:51 PM

As a buyer, if there is a reserve on an item I'm interested in, I will ask what the reserve is. If the seller won't tell me, I move on. There are too many things in my watch list to waste my time on something that may have a higher reserve than I would spend. Chances are usually pretty good that there is another of the same item anyway!
As a seller, if I put a reserve on an item (which is seldom) and someone asks what it is, I always tell them. I guess because I would want to know too.

print*model · Apr 14th, 2008, 09:27 PM

I have never understood the mentality of someone who will not bid on an item just because they don't know the reserve price. Don't you know how much you want to pay for the item? Then why not just bid your maximum to see if you meet the reserve? If you do, then great. If not, then move on. What do you have to lose by bidding?

chipmunk-pnw · Apr 14th, 2008, 09:37 PM

I get frustrated if I want something so bad and my bids don't seem to meet the reserved price so yes if I'm the seller I'd reveal it.

pink1 · Apr 14th, 2008, 09:55 PM

Thanks guys! I appreciate all the advice:)

cinshad · Apr 14th, 2008, 10:09 PM

As a bidder, I hate to click on an auction and see those dreaded words, "reserve not met" and I always just click the back arrow and move on. I really do wish that it was shown on the listing page so as not to waste my time.

missy_attitude · Apr 14th, 2008, 10:38 PM

i think you should tell the person what the price is.

i personally dont even bother with items with reserves coz i like being straight forward and hidden prices make me feel insecure somehow.

i also read some article saying eBay sellers may decrease their chance of selling if they set a reserve price.

PinkCupcake · Apr 14th, 2008, 10:54 PM

Quote:

Originally Posted by print*model

I have never understood the mentality of someone who will not bid on an item just because they don't know the reserve price. Don't you know how much you want to pay for the item? Then why not just bid your maximum to see if you meet the reserve? If you do, then great. If not, then move on. What do you have to lose by bidding?

Nothing, but that's not the point. The point is, I want to know what the reserve is!

Actually, I don't understand why people set a reserve. Why not just make that the opening bid?

chipmunk-pnw · Apr 14th, 2008, 11:01 PM

Quote:

Originally Posted by PinkCupcake

Actually, I don't understand why people set a reserve. Why not just make that the opening bid?

To attract more viewers & watchers

Apr 14th, 2008, 06:39 PM	#1
pink1 Member	What do you do in this situation? I'm selling a bag and just got an email. The person wants to know what my reserve price is. How do I answer that? __________________ Bags I'm Carrying: Chanel PST, LV BH, Gucci Pelham, RM Dark Brown Nikki, RM Magenta MAM, RM Light Grey MAM, RM Seagreen Nikki, RM Black Matti, Burnt Orange MAC, Cloudy Mini Nikki, Kooba Elisha Waiting on: Yellow mini Nikki and Grey Devote I am BANNED, BANNED, BANNED!

Apr 14th, 2008, 06:51 PM	#2
print*model Member	Re: What do you do in this situation? Well, as a seller, you have the choice to reveal your reserve price or not. Some sellers will reveal their reserve prices thinking that if they don't, potential bidders who ask will then choose not to bid if they don't get an answer. Some sellers don't reveal their reserve prices because to them, if someone wants your item bad enough they will bid anyway and thus keep the auction competetive which is always good for the seller. Personally, it depends on the mood I'm in. LOL! I used to never reveal my reserve but lately I've been revealing my reserve prices to everyone who asks and I've found that most of the time those who ask don't even bid. I lean towards thinking that it's in a seller's best interest not to reveal the reserve price. If you want the item, then bid on it. A buyer should KNOW how much they want to spend. So bid. And if you don't reach my reserve with your maximum bid, then move on. Their bidding helps ME as a seller. It lets other potential bidders know they they have competition for my item. More competition = more bids. More bids = potentially more money for my item.

Apr 14th, 2008, 07:13 PM	#3
sckcs Member	Re: What do you do in this situation? I won't bid if I don't know what the reserve is.

Apr 14th, 2008, 07:21 PM	#4
Ammietwist Member	Re: What do you do in this situation? I never sell with a reserve because I'll make the minimum bid the minimum I'd accept, but if I did, I'd reveal it in the listing itself. I don't bid when there's a hidden reserve because it's simply a waste of my time. __________________ Facts for the brain: JUNKSCIENCE.COM Facts on "global warming": "State of Fear" by Michael Crichton

Apr 14th, 2008, 07:34 PM	#5
tonij2000 Hi You Durin, Hmph! Location: ShowMeState	Re: What do you do in this situation? I bypass auctions with reserves and I see the same items listed over and over again..."reserve not me." To answer your question, I would tell.

Apr 14th, 2008, 07:37 PM	#6
gacats love me some bags! Location: Georgia	Re: What do you do in this situation? Go ahead & tell, you have nothing to lose. __________________ GaCats Proud Navy Mom My 2009 wish list: Chanel Ultimate Soft medium handbag in black Louis Vuitton Panda pochette ( in the works) Something Goyard- yeah, that'll happen.....

Apr 14th, 2008, 07:37 PM	#7
Varied_obsessions She's buggin again	Re: What do you do in this situation? Sure you can tell. I've found that reserve auctions I no longer even bother bidding on. I just start my auctions at the bottom of what I'm willing to take and I've done far better than I did when I had reserves. Good luck!! :) __________________

Apr 14th, 2008, 08:51 PM	#8
HuskyLover Member	Re: What do you do in this situation? As a buyer, if there is a reserve on an item I'm interested in, I will ask what the reserve is. If the seller won't tell me, I move on. There are too many things in my watch list to waste my time on something that may have a higher reserve than I would spend. Chances are usually pretty good that there is another of the same item anyway! As a seller, if I put a reserve on an item (which is seldom) and someone asks what it is, I always tell them. I guess because I would want to know too.

Apr 14th, 2008, 09:27 PM	#9
print*model Member	Re: What do you do in this situation? I have never understood the mentality of someone who will not bid on an item just because they don't know the reserve price. Don't you know how much you want to pay for the item? Then why not just bid your maximum to see if you meet the reserve? If you do, then great. If not, then move on. What do you have to lose by bidding?

Apr 14th, 2008, 09:37 PM	#10
chipmunk-pnw ^.^ Location: USA	Re: What do you do in this situation? I get frustrated if I want something so bad and my bids don't seem to meet the reserved price so yes if I'm the seller I'd reveal it.

Apr 14th, 2008, 09:55 PM	#11
pink1 Member	Re: What do you do in this situation? Thanks guys! I appreciate all the advice:) __________________ Bags I'm Carrying: Chanel PST, LV BH, Gucci Pelham, RM Dark Brown Nikki, RM Magenta MAM, RM Light Grey MAM, RM Seagreen Nikki, RM Black Matti, Burnt Orange MAC, Cloudy Mini Nikki, Kooba Elisha Waiting on: Yellow mini Nikki and Grey Devote I am BANNED, BANNED, BANNED!

Apr 14th, 2008, 10:09 PM	#12
cinshad Member	Re: What do you do in this situation? As a bidder, I hate to click on an auction and see those dreaded words, "reserve not met" and I always just click the back arrow and move on. I really do wish that it was shown on the listing page so as not to waste my time.

Apr 14th, 2008, 10:38 PM	#13
missy_attitude cindy rella Location: Australia	Re: What do you do in this situation? i think you should tell the person what the price is. i personally dont even bother with items with reserves coz i like being straight forward and hidden prices make me feel insecure somehow. i also read some article saying eBay sellers may decrease their chance of selling if they set a reserve price. __________________