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Thread: Reserve Prices
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01-28-2013, 05:06 AM #14
Based on everyone's response, I'm getting an understanding of this but I'm still not a fan. Say I'm not sure what something is worth but I know I won't accept less than $XX for it. I'd put a reserve price and then I'm not obligated to sell if it actually only ends up at < $XX.
In the case that you know it's worth $200 as in your example, why not just ask $200 for it and not waste time on an auction? Or ask 300 and see if you get an offer?