Vintage Asylum

RE: Use a reserve price

98.28.191.52

In Reply to: RE: Use a reserve price posted by Ross on April 01, 2008 at 19:42:04

Reserve auctions are proven to scare away potential bidders. My wife used to manage an ebay store and the parent company did a study that proves using a reserve actually lowers the selling price by scaring away potential bidders. Most of the time, when a reserve is met, it is just barely met.

Meanwhile, an identical item listed for .99 cents without a reserve will usually fetch the most because it draws the most bidders. (EbAy even has a message when you list something more than $50...it always suggests using a lower starting bid and or lower reserve)

And setting a starting price equal to what you would take also tends to keep bids down.

I am not mad the BIN is gone....most CA-810's sell for way more than my BIN....I just wanted a quick sale and give the buyer a great deal. 8 out of ten times where I use a BIN and a low opening bid, the final price ends up higher than the BIN!

My guess is that the CA-810 will end up in the $90 to $110 range.

Follow Ups:

RE: Use a reserve price - Ross 15:31:51 04/06/08 (0)

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