Jughead

I've got some parts for sale on Ebay and just got an email from a buyer asking what the reserve is. Should I tell him?

1FUNVET

well, here ya go......
You set a reserve cause you want a certain amount of money for something, some people tell you what the reserve is and then there are some people that tell the e-mailer that you don't wanna disclose that and you wanted the action to run it's course. Those are the few answers I have gotten so far. To be honest, I think to myself what a ***** if they don't tell me, but on the other hand I understand why. So take your pick, it's totally up to you. :thumbs: I hope that helps some............. :jester

68raggtop

:nonod: If they are planning to lowball you then they will wait to make the reserve at the end. Besides, it gives them an advantage over any others that may be watching and waiting to bid.

markdtn

I say no, it's an auction. I tell them to bid and find out.

JB

:steering: IMHO, only a dumbazz or a slimeball would ask you for the reserve. He's trying to get an advantage over other bidders. That's why reserves are secret.

JB

Fevre

Sounds like par for the course when it comes business dealings in the real world. Everyone bidding can ask for the reserve, if they choose not to then that is there choice. I think the concept of having a reserve is somewhat dishonest, start the bidding at the lowest price you will accept and see what happens. Why the cloak and dagger for a stupid e-bay auction? :confused:

verskel

Like others said, I wouldn't disclose the 'reserve' price if you want the max $$$ for your part(s).

Also, some want to know your reserve so they can make an offer outside of eBay. Don't do this ! I had a guy who made me cancel bids and sell him my item outright........that was a mistake because I got less than if I let the auction run the course. Just my 0.02 cents ;)

verskel

It's all "sales" and "auction" gimmicks. Even in 'real' live auctions there is reserve pricing. The purpose is to offer an insane initial price to get everyone excited and more bidders bidding on your item. If it's really 'hot' then the bidders will surpass the reserve trying to be "on top". :rolleyes:

Jughead

Thanks for explaining that scenario. Reserve price will stay hidden.

1FUNVET

good luck

surfboardtrader

dont tell him :eek:

ACECO

I'd say don't reveal the reserve. Let the auction run it's course and whatever happens, happens. :yesnod:

FWIW. :seeya