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The Chip Board Archive 15

You Are Missing The Point
In Response To: Re: Wholesale Prices? ()

I will put aside your explanation"S" (caps "S" intentional, because there were a couple of them) regarding the reserve price. As plain as I can make it:

If you think the true value of an item is X, and you set the reserve at 10X, you are not interested in getting what the market value for "X" is. In fact, you are not sure you want to sell "X".

That is fine, and your right, but know you are wasting the time of the people most interested in your "X".

That is why most people serious about bidding on an item with a reserve will sometimes ask what the reserve is. They are trying to see if the seller is prepared to sell the item at a reasonable (about market) price, or if the seller has an unrealistic view of what "X" will sell for and therefore, know not to waste their time.

I sell on eBay too. If I am serious about selling a high-end item, and I want to put a reserve on it, I usually set it at about 80% of what I am hoping to get for it. That is because I am serious about selling it.

When you set the reserve at 10X, or even 3X, you are looking/hoping to make a score, period, and if you don't get it, you won't sell. And, BTW, as I have repeatedly said, I am OK with that. Just know that you wasted my time. Fool me once, shame on you. Fool me twice, shame on me.

You have a nice day too!

Jerry

Messages In This Thread

Re: Just curious myself, Sam
Easy to cut and paste out of context
Re: Easy to cut and paste out of context
Re: Just curious myself, Sam
Terry: You are a Class Act
Re: Terry: You are a Class Act
Re: Terry: You are a Class Act
Wholesale Prices?
Re: Wholesale Prices?
You Are Missing The Point

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