Page 1 of 3 123 LastLast
Results 1 to 10 of 21
Like Tree6Likes

Thread: Reserve Prices

  1. #1
    Senior Member ats200's Avatar
    Join Date
    Dec 2010
    Location
    Las Vegas, NV
    Posts
    702
    Thanked: 75

    Default Reserve Prices

    What do you all think about auctions with reserve prices on eBay? I'm personally not a fan, I'd rather the seller just start the bidding at the minimum price they'd like to let it go. I know there are some perceived advantages but I normally just assume the seller thinks their item is worth more than it really is.

    I'm saying this from a buyer perspective, not sure if I'd ever use a reserve on one of my razors. I think Buy it Now or Best Offer is a better option but to each his own.

    Adam
    nun2sharp and tiddle like this.

  2. #2
    Senior Member
    Join Date
    Nov 2012
    Location
    Seattle,WA.
    Posts
    579
    Thanked: 55

    Default

    I wouldn't use the Reserve Price option as a seller and as a buyer I wouldn't bid on such an auction.

    Regarding Best Offer...as a buyer I'd always offer less than the listed price but as a seller I'd never offer that option. It just makes it look like you know you have the item overpriced.
    Suile likes this.

  3. #3
    Member BostonBlades's Avatar
    Join Date
    Jan 2013
    Location
    Massachusetts
    Posts
    36
    Thanked: 5

    Default

    The reserve is a huge waste of time IMO, people bid on a razor and usually the reserve is above or at full retail which isnt whar ebay is about. I mean granted people do want the most money, but ebay is about deals also. Say what you want for the buy it now if not start it as a certain price. a mystery reserve wastes a lot of time

  4. #4
    Senior Member Storsven's Avatar
    Join Date
    Sep 2012
    Location
    Washington DC Metro
    Posts
    165
    Thanked: 18

    Default

    reserve prices are a pain in the ... never mind, we're supposed to keep this clean.

  5. #5
    Senior Member blabbermouth JimmyHAD's Avatar
    Join Date
    Feb 2008
    Posts
    32,564
    Thanked: 11042

    Default

    From years of selling I can tell you that a seller who starts his auction at a low bid with a reserve will get more bids than a seller who asks his reserve price as an opening bid or as a buy it now. The bidder can bid a buck or ten bucks without fear of commitment if there is a reserve.

    The idea is to get 'action' on the item. If an item is in a persons watch list through bidding or just watching there is hope for the seller. Out of sight ..... out of mind. The seller pays a much higher listing fee if there is a reserve. So from his point of view the item better be worth the price and one that will attract bidders. I personally shy away from reserves. I either do fixed price BIN or start at the least I will take in a regular auction.

  6. #6
    Senior Member blabbermouth 10Pups's Avatar
    Join Date
    Nov 2012
    Location
    Across the street from Mickey Mouse in Calif.
    Posts
    5,320
    Thanked: 1184

    Default

    I have bought a couple at Buy it Now and thought I was lucky I saw them 1/2 hour after they were posted because I never would have got them that cheap had they been posted a few days. I tried to bid on something to get it 20 bucks cheaper and watched the bids go way over the Buy it Now price. To me the Reserve is somebody saying I want more than it's worth and I am not saying what that is. Not always but like you say just start it out at that price and get on with it.
    Good judgment comes from experience, and experience....well that comes from poor judgment.

  7. #7
    Orange County N.Y. Suile's Avatar
    Join Date
    Jul 2012
    Posts
    651
    Thanked: 30

    Default

    I stay away from reserves as a buyer.
    And i don't hit buy it now buttons personally i like
    the feeling of the trill of getting a good deal.

  8. #8
    Senior Member ats200's Avatar
    Join Date
    Dec 2010
    Location
    Las Vegas, NV
    Posts
    702
    Thanked: 75

    Default

    I normally would see an item, place my bid, and let it run. I then found that someone would bid about 6 times in small increments just to become to top bidder and then it starts a war and others get involved. I hate when items I'm buying get sniped but I've started sniping recently as well and think it's a better option. I spend less and it doesn't inflate the price too much.

    I love Buy it Now prices, some sellers are willing to negotiate if you think it's a little high and sometimes you can get a really good deal if you catch the listing early on or if it's a higher priced item that a lot of people aren't willing to pull the trigger.

  9. #9
    I used Nakayamas for my house mainaman's Avatar
    Join Date
    Aug 2009
    Location
    Des Moines
    Posts
    8,664
    Thanked: 2591
    Blog Entries
    1

    Default

    Reserve price is a good insurance that a solid item that is worth some money will not sell for cheap.
    I do not see any problem with reserves, if I decided to bid $100 on something it does not matter if I did not pass the reserve or some one else bid $110.
    Stefan

  10. #10
    Senior Member JoeLowett's Avatar
    Join Date
    Jul 2012
    Location
    Long Island, NY
    Posts
    718
    Thanked: 142

    Default

    As a buyer I dont care how its
    price or method of sale. only if I want it, how bad I want it and how much I'm willing to pay. In the end it's all the same product and money.
    ......... Making Old Razors Shine N' Shave, Once Again.
    -"Sheffield Style"

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •