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Community Member
Accepted Solution
Should I disclose what my reserve price is?
Posts: 2
Registered: ‎02-12-2010

I was wondering what the pros and cons would be to disclosing my reserve price to a potential bidder.

Accepted Solution
jame234
Community Member
Posts: 17,467
Registered: ‎01-13-2011
Answered
in reply to hddivot

Go right ahead and disclose it then the potential buyer knows what he needs to bid.  Setting a Reserve price can be very frustrating to buyers and many buyers don't even try to bid on these auctions.  It's playing games and In my opinion, people don't have time for games.  Instead, you might want to start your bidding at the least amount you are willing to accept.

Other Answers: 5
Community Member
Posts: 1,345
Registered: ‎07-23-2005
Answered
in reply to hddivot

 

Be very very careful.

 

You should only tell if you hope to sell. 

*lady*madonna*
Community Member
Posts: 8,565
Registered: ‎10-07-2005
Answered
in reply to hddivot

Bidders don't like to play guessing games...they may give up out of frustration. By all means, reveal your reserve price if you want to sell your item.

 

 

*Listen to the music playing in your head*
whering660
Community Member
Posts: 1,277
Registered: ‎04-19-2012
Answered
in reply to hddivot

Someone here recently said it best..."If you want to tell it, sell it!"

whering660
Community Member
Posts: 1,277
Registered: ‎04-19-2012
Answered
in reply to hddivot

Or else I said it bassackwards! Oops!

ritacummins
Community Member
Posts: 9,896
Registered: ‎05-23-2007
Answered
in reply to hddivot

There is absolutely no reason NOT to disclose it.   Many buyers will not play guessing games and unless they know what your reserve is, they will pass it by.

 

As a rule, the extra $2 charge for putting in a reserve is a waste of money.   are better to start an auction off at the lowest price you are willing to take for your item and forget the reserve.