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<p>[QUOTE=&quot;davidh, post: 2206713, member: 15062&quot;]Reserves are the accepted practice in high end auto auctions.&nbsp; The unstated purpose is to generate bidding wars but most bidders are savvy enough to only bid to a pre determined value.&nbsp; On ebay, as a buyer, you should just bid what you&#039;re willing to pay.&nbsp; If that is less than the reserve then you won&#039;t get it anyway.&nbsp; If you bid is over the reserve then you&#039;ll only pay the reserve amount, unless someone else overbids you.&nbsp; As a seller you should set the reserve at the minimum you&#039;re willing to accept.&nbsp; It&#039;s the same as setting a starting price but you don&#039;t attract as many bidders.&nbsp; I will never (again) start an auction at 99¢ and take the chance of having to take a huge loss.&nbsp; The only time a 99¢ start makes any sense at all is if there&#039;s also a reserve.[/QUOTE]</p><p><br /></p>

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