Reserve Auctions - MAINLY !arcade!

Joined
Jan 25, 2001
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1,996
I never liked them, especially if you win it and the seller never gives you an oppertunity to buy the product
 

Shawn

snkusa.com
Joined
Aug 11, 2000
Posts
2,503
Reserve prices are used to protect the seller. However, I find no reserve auctions more exciting, yet risky. For instance, I sold my Toyota Land Cruiser through ebay, started the auction at one penny with no reserve price.
 

RiotoftheBlood

Chin's Drinking Partner
Joined
Jan 10, 2001
Posts
2,779
Originally posted by Shawn:
<STRONG>Reserve prices are used to protect the seller. However, I find no reserve auctions more exciting, yet risky. For instance, I sold my Toyota Land Cruiser through ebay, started the auction at one penny with no reserve price.</STRONG>

Personally, I still don't see much use for reserves. If the seller wants to protect himself, all he has to do is set a higher starting bid. I've never seen a live auction where someone can bid at the starting price, or even higher, and still not win.
 

wjw123

Krauser's Henchman
Joined
Aug 25, 2000
Posts
945
Reserve auctions protect the seller from losing money. If you set the price high - there may not be any bids. Set the price at .01 and get only .30 for something.
 

RabbitTroop

Mayor of Southtown, ,
20 Year Member
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Dec 26, 2000
Posts
13,852
It is cheaper to start an auction @ $1 with a $250 reserve, then to start an item at $250 with no reserve. That is the main reason I do it.

-Nick
 

Ghost-Dog

Presented by the Florida Department of Economic Op
20 Year Member
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Aug 22, 2000
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7,887
Originally posted by Shawn:
<STRONG>Reserve prices are used to protect the seller. However, I find no reserve auctions more exciting, yet risky. For instance, I sold my Toyota Land Cruiser through ebay, started the auction at one penny with no reserve price.</STRONG>

You sold the Land Cruiser? No reserve? Damn that was risky. Still have the motorcycle?
 

Shawn

snkusa.com
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Aug 11, 2000
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2,503
Yes, still have my bike. Nearing the 4000-mile mark. Going riding today, and just about everyday that is warm and sunny
 

Neo Fan

King's Dry Cleaner
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Nov 23, 2000
Posts
396
Originally posted by RiotoftheBlood:
<STRONG>I've never seen a live auction where someone can bid at the starting price, or even higher, and still not win.</STRONG>

I have seen resreves at live auctions a few times. Ususlly they tell you before the bidding starts.
 

RiotoftheBlood

Chin's Drinking Partner
Joined
Jan 10, 2001
Posts
2,779
Originally posted by nruva:
<STRONG>It is cheaper to start an auction @ $1 with a $250 reserve, then to start an item at $250 with no reserve. That is the main reason I do it.

-Nick</STRONG>

Hmm... I've never thought of it that way. Thank you for enlightening me.
 

RyoGeo

Global Moderator, Voice of Reason, Member #13
Joined
Aug 14, 2000
Posts
2,495
Hey, Shawn. I was wonderin' if all those pics were still loaded somewhere.

Dude, a steel Rolex is the way to go. Simple, understated with bare bones strength.

Gold watches are for pimps! <IMG SRC="smilies/biggrin.gif" border="0">

[ May 21, 2001: Message edited by: RyoGeo ]
 
R

RaGuS

Guest
Originally posted by Shawn:
<STRONG>Reserve prices are used to protect the seller. However, I find no reserve auctions more exciting, yet risky. For instance, I sold my Toyota Land Cruiser through ebay, started the auction at one penny with no reserve price.</STRONG>

What Did you have a Neo-Geo License plate on that too you fucking faggot
 

Viewpoint

Art of Typing Wiz, , ,
20 Year Member
Joined
Aug 15, 2000
Posts
6,295
Originally posted by Shawn:
<STRONG>Reserve prices are used to protect the seller. However, I find no reserve auctions more exciting, yet risky. For instance, I sold my Toyota Land Cruiser through ebay, started the auction at one penny with no reserve price.</STRONG>

I thought it was a Land Rover. <IMG SRC="smilies/tongue.gif" border="0">
 

Metal Slug

Handheld Hitter,
Joined
Oct 14, 2000
Posts
2,823
Originally posted by Shawn:
<STRONG>Yes, still have my bike. Nearing the 4000-mile mark. Going riding today, and just about everyday that is warm and sunny</STRONG>

Nice Bike!

Mate of mine had a 900 fireblade! (tweaked)
I foolishly asked to go for a ride on the back (No chance he'd let me drive <IMG SRC="smilies/frown.gif" border="0">)
Crazy MF did an indicated 150 mph, with me on the back! <IMG SRC="smilies/eek.gif" border="0"> Scared the B'Jezus out of me! Fun though!
 

SonGohan

Made of Wood
20 Year Member
Joined
Aug 22, 2001
Posts
23,652
You can have somebody else bid on your stuff instead of setting a reserve. My friend used to do that, and he got the price he wanted a lot of times out of doing that.
 
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