Should i tell bidders what my reserve is

The idea is to pay enough, but not too much. See the above image as an example. Here an auction ended without the reserve price being met. You can see that the auction enjoyed 8 bids, likely more if the auction reserve would have been met.

There is obvious interest in this item, but the reserve price was not met, the item did not sell, and you have a frustrated seller, and frustrated buyers. Again, the reserve price is held in secret.

As a buyer, you have no idea what it is. The hope is that you just keep bidding higher until you reach it. But that is rarely the case. Buyers will get discouraged and simply not bid, or wait until someone else has reached the reserve price to see what it is. DaveyBoyWonder Free Member.

I can't think of a single reason not to. You might as well just put it up for a minimum price then? Whats the point of bidding if you cant win the auction with your bid? I agree with cp and others, reserves are a waste of time and just put me off bidding on things. Ed Free Member. As many have said reserve prices are a major waste of time. If you tell them at and the item doesn't sell, at least they can come back and negotiate.

But i think you save money fees with reserve as opposed to starting at a high price. Sunday night is the time to end an Auction. Marko Full Member. Real Estate Investing.

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Your Money. Personal Finance. Your Practice. Popular Courses. Business Essentials Guide to Mergers and Acquisitions. Business Business Essentials. What Is a Reserve Price? Key Takeaways A reserve price is a minimum price that a seller would be willing to accept from a buyer. In an auction, the seller is not typically required to disclose the reserve price to potential buyers. If the reserve price is not met, the seller is not required to sell the item, even to the highest bidder.

As a result, some buyers dislike reserve prices as they encourage bidding at levels that may not win. Showing results for. Show only Search instead for. Did you mean:. I've been asked to disclose my reserve price. Go to solution. Message 1 of See Most Recent. All forum topics Previous Topic Next Topic. Accepted Solutions. Message 3 of Message 2 of Message 4 of In response to fargvs. Message 5 of Message 6 of So you might as well tell them.

Message 7 of Yep and people wonder why their bids get messed around with - i could be that some people are sick of bidding, winning, paying then getting a refund after the seller marks it as 'you canceled' Wonderful system isnt it - IMO if you put a bid up either have a reserve showing or be forced to sell and send the item to the winning bidder. Message 8 of Thanks for taking the time to respond. Point taken! Message 9 of Thanks for your helpful reply.