on 07-15-2012 12:06 PM
I have an item up for auction with a reserve price. I have a few bidders bidding on the item. One of them has emailed me asking me what the reserve price is set at. Should I share this information or keep it to myself? Thank you!
on 07-15-2012 10:52 PM
I actually have only put a reserve on 1 listing since I've been selling on Ebay. (before all the 50 freebies per month & back when I was fairly knew)
I came to the AC back then & read about reserves & many said to either tell if asked or just state it in the listing.
So when I created my listing, I put a statement in my description that was a bit larger Font & bolded.
"I am wanting at least $xxxxx for this item. Thank you for your interest"
$xxxx being the reserve price I set.
on 07-20-2012 09:11 AM
All good answers, but it really boils down to choice. I tell them in a second. Just because i have say 5 items up at 345.67 and 1 starts at 2.45 with a reserve. All same item, Most can figure it out- not every one. There are to many dis-honest and non educated sellers/consumers out there in my categories. I see items listed as item 1x1x2 and its really 0x0-1, not even close match and they have no clue. If you ask most sellers will post it or tell you. And if they dont just bid on somthing else, I buy here also and thats the quickest way to get me to bid on somthing else is not answer a question- even if its the "I dont know- or I just answer the mail" its an answer. Only real problem i have is when pics dont match descriptions- or why is shipping so high($15) on something the equivelent of a folded in half playing card
on 07-15-2012 12:26 PM
This is actually a controversial (opinionated?) issue. Some folks say keep the Reserve Price secret... other say reveal it if you want to sell your item.
Ultimately, the final decision is up to each individual seller.
However, if you're going to tell one potential bidder, be fair to yourself & tell ALL of them. If it's still possible to revise the listing(s) in question, just add to your description... this is perhaps the easiest way.
on 07-15-2012 05:09 PM
Is it a state secret what your minimum amount to sell is? IMO, there is no reason not to reveal it if asked, just as IMO, there is no reason to have to know what your reserve is in order to bid.
Is a reserve price really that much different than the max bid of another bidder? You have to top that in order to win.
The thing that makes a reserve different is that ifyour max bid doesn't meet the reserve, the seller obviously wants more than you were willing to pay and you are free to move on to another auction even before the auction is over. The same cannot be said about a no reserve auction where you have been outbid.
on 07-15-2012 12:33 PM
A. Yes because you shouldn't have wasted $2.00! B. Yes because you should NEVER jerk buyers around by making them play the "Guess what my reserve price is" game,it just pisses them off AND/OR drives them away. :-(
on 07-15-2012 12:13 PM
If you want to SELL it - then TELL it.
Many buyers WILL NOT BID on a reserve listing when the seller does not STATE what the reserve price is. They are not here to be subject to the seller's amusement.
You would have been BETTER OFF not using a reserve, and just put the STARTING price as the reserve amount you wanted.
on 07-15-2012 12:32 PM
I am only a buyer (so far) -- in the process of learning to be a seller, reading about selling.
As a buyer I have wasted a lot of time and effort bidding for items with reserves that were never reached.
I have written sellers, asking what the reserve is. Some have replied -- and then I will return and bid again.
If no reply I usually move on... can't spend all my time chasing someone's fantasies that they won't reveal.
I wonder, though, if listing at/near the price you really want isn't a better approach?
on 02-21-2014 08:59 AM
My concern of revealing the reserve price, is someone could wait till the last minute & then bid at just the reserve. This seems like it would eleminate the possability of a back & forth bid that goes above the reserve. Reserve is the minimum, but I think all sellers would like to get more... kinda the point of a auction and not just putting it up for sale.