Ebay sellers

Pittsey

Knock, Knock...
Staff member
Nov 8, 2002
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London, UK
www.streethop.com
Do you know what really pisses me off. Sellers who won't disclose their reserve!!!


Am I missing something? Is there good reason that people guard the reserve price more securely than them hobbit things guarded that ring in that crappy 3 part film?

Buyer said:
Hi, Could you let me know what the reserve is please? Many thanks

Seller said:
All reserves are private but if you know your budget just bang a bid on and you never know you may be lucky.


Why? Isn't the idea that you sell your item? And isn't the reserve your acceptable price? If you give people a number they know if they can afford it or not and will bid. If more people are interested the price will go higher than reserve. If you don't tell them it doesn't make people bid more, it puts people off. I don't bid if someone doesn't tell me the reserve.


Am I right? Or am I wrong and just overlooking a logical reason for this?
 
Yes, you are right. But I've never had a seller not tell me the reserve.

And I was just about to say what mack said, good point.
 
People are much more likely to watch and subsequently bid on an item if the starting price is low -It's psychological.
Disclosing a reserve price would mean that the bidder would go up to, but not beyond the reserve price. Similar to making the 'or near offer' bid and hoping for a small pot of luck as well.
 
not really ken said:
Disclosing a reserve price would mean that the bidder would go up to, but not beyond the reserve price. Similar to making the 'or near offer' bid and hoping for a small pot of luck as well.


I see that. But if the item is really worth more then people will start a bidding war which would see it go higher. Plus they still get their acceptable price even if it doesn't.

I will become stubborn and not bid if the reserve is not disclosed.
 
prince mack said:
I agree.And why put up a reserve instead of having the starting bid price as your acceptable price?

say if your sellin a car, you put a reserve of £2000 and it only when up to £1850 you could sell it at that. but if you start it off at £2000 you may not get any bids
 
Reserves piss me off. I don't bid on anything with a reserve. When I'm looking at MPCs on ebay I never bother bidding on them when they have a reserve price because most of the time they're like $800 or more.

EriMakaveli said:
seeing a low starting price attracts bidders.
Yea, but seeing a "Reserve Not Met" next to the price scares away bidders.
 
7hug.Life said:
say if your sellin a car, you put a reserve of £2000 and it only when up to £1850 you could sell it at that. but if you start it off at £2000 you may not get any bids

if the reserve isn't met,then no one wins the auction.
 
Lol, I did that once. I put the reserve on the CD for $100, and the bitches only bid $98. I sent the highest bidder an email asking him if he would like to grab it for the price he bid, but he never replied. I had to re-list it without a reserve, and I only made $86 (not counting shipping).
Best believe I learned my lesson, and the next time I put a reserve on an item, i'l say how much the reserve is in my description item.

Anyway, on topic:
People put reserves because of 2 main reasons:
1. They bought the item for quite a bit of money, and can't just sell it for any ammount. They need to at least break even (and preferebly make some profit).
2. They are greedy muthafuckas. There are 2 main kinds of greedy muthafuckas that put reserves (I know because I am one :D):
  • The kind that KNOWS the item he's selling is quite rare, therefore there is a good chance his reserve will be met. This person will re-list the itme a 1000 times if he has to, until his reserve is met.
  • The Kind (Worst) that has a few copies of the item, and wants to get rid of them for maximum profit. They put a high reserve so that people bid as high as they can, and drive the price up. This kind of seller doesn't care if the reserve is met or not, because usually his reserves are too high anyway (and he wants it that way). He will wait until the auction is done, email all the suckers that bid a high ammount of money on his auction & offer them the item for the price that they bid it on (usually with a story like: I offered it to all the other bidders that outbid you, but they don't really want it, so it's your lucky day). They will repeat this process until they sell all their stock. It's much better than just relisting every item individually, since the more an item is listed on ebay, the lower it goes for :/
 
prince mack said:
I agree.And why put up a reserve instead of having the starting bid price as your acceptable price?
:thumb: :thumb:
Exactly. You have to pay more to set a reserve price anyway. Fucking idiots.
 

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