04-05-2007, 02:37 PM
[quote macbeergeek]Personally, I see no reason not to divulge the reserve price, and even list it in the auction description. Why the secrecy? Divulging the reserve will immediately eliminate the people who are not serious or who are hoping to get that "steal" for like half of what the BIN price is. If and when we use a reserve with a BIN, we usually make the BIN price higher for the people who just can't wait. The again, I've never sold an item that large or with such a high price tag.
I agree with this, and it's what I do also.
I don't like to play "guess the reserve" when I bid, and I'm guessing my buyers don't either.
BIN is best used as a premium to get a bit more than it's probably worth, for people who don't want to play the bidding game.
I agree with this, and it's what I do also.
I don't like to play "guess the reserve" when I bid, and I'm guessing my buyers don't either.
BIN is best used as a premium to get a bit more than it's probably worth, for people who don't want to play the bidding game.