Question re requested reserve price???

Nix143

Hi

I have an auction running currently and someone has asked what the reserve price is so they can bid straight in at it - they've also asked a series of other questions about the item?

Is there any reason why I shouldn't tell them my reserve? From reading this forum I am getting a bit suss about everyone on Ebay now!

sprintstar

To be honest I don't think it will make any difference, I know some sellers like to keep their reserves private, but at the end of the day if a bidder wants something and is willing to pay your reserve, what harm could it do?

carrie483

Whether they bid with that amount or not, the only way it will go up to that amount is if someone bids against them.

If there are no other bidders then the bid will stay at the start bid and it won't sell.

Emmy

I have asked the reserve on auctions...I ask because if I was willing to pay £52 for example and your reserve was set at £55 then I could decide whether I want to up it but if I only bid £52 then we both miss out IYSWIM.

carrie483

Emmy wrote:

IYSWIM.

What does that mean?

Emmzi

if you see what I mean

frivolous_fay

If I see an item with a reserve on it, I ask what it is (politely) and don't bother bidding if I'm not told.

Reserves are there to protect your sale price, they're not a state secret.

zappahey

carrie483 wrote:

Whether they bid with that amount or not, the only way it will go up to that amount is if someone bids against them.

If there are no other bidders then the bid will stay at the start bid and it won't sell.

I'm pretty sure that if the 1st bid is higher than the reserve then the bid goes straight to the reserve.

me4bargains

I hate auctions with reserves on them. Why not just start at the minimum price you're willing to accept.
I would never bid on an item with a reserve, find them really off putting.

Elliesmum

There's no harm in telling them what your reserve is - if that's what they want to pay!

DrFluffy

If you are uneasy about revealing, ask them what their max bid might be, and tell them if it meets it...

If they really want the item badly enough, they'll either tell you their max, or just go bid at somewhere around or under their max.

You are their to make money, not to help someone get your item as cheaply as possible! That said if you just want gone, and your reserve is an amount you would actually be really happy with, and not *just* the minimum you would want, then tell them...