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Question about selling on Ebay with a hidden reserve.
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<p>[QUOTE="Yacorie, post: 1398499, member: 25257"]Can someone explain to me why, as a seller, you wouldn't want to disclose your reserve amount? I've often wondered what the line of thinking is with not telling someone if they ask. The only rationale I can imagine is that the seller is hoping that people will bid a specific amount, or higher at the last second and they'll make out.</p><p><br /></p><p>If you have a coin with a reserve of $1000 and the bids are in the 600 range, why not tell someone if they ask? Are you hoping the item will be sniped by someone for 1400 at the end and you wouldn't want them just bidding 1001? If its being bid up by normal bidding, eventually they'll pass it and it'll go away anyway.</p><p><br /></p><p>I just never really understood why people would keep it a secret. Although - I never really never understood why you wouldn't just put your reserve as the starting bid which is why I tend to shy away from an item with a reserve.</p><p><br /></p><p>Just my 2 cents.[/QUOTE]</p><p><br /></p>
[QUOTE="Yacorie, post: 1398499, member: 25257"]Can someone explain to me why, as a seller, you wouldn't want to disclose your reserve amount? I've often wondered what the line of thinking is with not telling someone if they ask. The only rationale I can imagine is that the seller is hoping that people will bid a specific amount, or higher at the last second and they'll make out. If you have a coin with a reserve of $1000 and the bids are in the 600 range, why not tell someone if they ask? Are you hoping the item will be sniped by someone for 1400 at the end and you wouldn't want them just bidding 1001? If its being bid up by normal bidding, eventually they'll pass it and it'll go away anyway. I just never really understood why people would keep it a secret. Although - I never really never understood why you wouldn't just put your reserve as the starting bid which is why I tend to shy away from an item with a reserve. Just my 2 cents.[/QUOTE]
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