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That makes sense to me. We all want a deal. That's the truth!

Chris L

Well after hearing why sellers set reserves I'm curious enough about it that I'm going to try an experiment and utilize a reserve on some current and upcoming Ebay listings. I'm curious to see how...

Thanks for that info, Steve. See I could see that angle for a live auction; I've been to a few myself. A good auctioneer tries to whip up the energy of the crowd, always building on the increased...

I like the BIN both as a buyer and as a seller. What do you mean about a bidding war though? With BIN if one person goes for it, it's done.

Chris L

I guess I didn't see this auction from the very beginning so I didn't know whether the seller set a starting bid at maybe $100 but yet maybe his invisible reserve is $1,500? I see what you're saying...

Whew, I'm not the only one then. Thanks Jimmy.

It'd be different if it was a poker game and we'd be keeping our hands to ourselves, but generally I don't like playing games when it comes to...

I'm the first to admit sometimes I'm a bit slow or I can't see the obvious; "takes some people longer".

Generally in auction theory which also applies to Ebay listings, what is the purpose of the...