No Reserve Auctions!!

What do you consider a NO RESERVE AUCTION???
I will post my thought later.....

A "no reserve" auction means that there is no minimum price level - if you only get a bid of 1 cent then that is what the price of the item is - fairly black and white I reckon

I agree. No reserve means you will take whatever you get. If you have any value to your auction I would consider using a reserve. If not you could be in for some possible trouble.

I'm always bemused by a no reserve auction with a commencing bid of anything over $1. If the minimum bid is $500, you have st a $500 reserve.

No reserve means just what it says, and your item can sell for the opening bid.

I see a reserve price as the least amount a seller will take for an item on auction. I cannot then see the point in setting a starting bid lower than that reserve figure in an ebay or other on-line auction. This then makes the reserve redundant. In traditional auctions a guide price of low to high figures is stated and the unstated reserve is set somewhere between them. This gives the bidders some idea of what price they might get the thing for (if the Gods are with them that is).

Terry

I'm not playing guessing games with a seller. When I see "Reserve not met" I can't hit the back button fast enough. Reserves are just silly on ebay. It's easy money for them.

Sell a stamp for $600 with a $500 opening bid with no reserve.

Sell a stamp for $600 with a 99¢ opening bid and a $500 reserve.

Both ways accomplish the exact same thing.... but check the fees.

Yes. Spot on. And I believe ebay take their percentage for the reserve whether or not the item sells.

Terry

That is correct, so they charge you extra for not finding you a buyer.

As huckless888 stated....A "no reserve" auction means that there is no minimum price level - if you only get a bid of 1 cent then that is what the price of the item is - fairly black and white I reckon....I agree.
I no reserve auction is just that.....there is NO MINIMUM. I see auctions all the time stating NO RESERVE....
and starting at something other than 1c.....
When a seller is asking for a starting bid (other than 1c)
these should be called OPENING BID auctions.
I think they try to draw bidders that way.

Myself....when I list @ ebay....I start @ 99c....not a NO RESERVE, but close.....
considering all items get bids for more than the opening.
As a matter of fact.....I think I will go to start @ 1c...and call them NO RESERVE
for the future.

I do not think ebay charges a fee upon completed items if the RESERVE is NOT me.
You pay a listing fee (regular) + extra for a hidden reserve....if not met
you only pay the 2 fees....if reserve is met....you would be responsible for the FINAL VALUE FEE.

I could be wrong....but years ago that is how it worked.

You pay for the reserve whether its met or not. Always been that way.

Sorry but that's not how it works. When you look at the largest auction houses in the World (Heritage or Sotheby's for example) you'll see they all work exactly the same as ebay, or more accurately ebay works like them. Opening bids and reserves are 2 completely different animals and are not interchangeable.

Example.....A ebay item is listed with a opening/starting bid.....lets say $10.00
The item sells ONLY if the $10 bid is reached or not. Thus a reserve, not a HIDDEN reserve.
No reserve sells with no minimum price level....could be 1c????

as sharksfan11 stated......No reserve means you will take whatever you get.
Sorry....I do not know how to do the fancy box quote.

bobby131313.....Reserves @ ebay.....you pay a RESERVE LISTING fee.
You do not pay a SELLING fee unless the reserve is met.
Selling fees are FINAL VALUE FEES.....this is the % ebay charges to what the item sells for.

FROM ebay....
Reserve price
Add a minimum price that must be met for your item to sell.
Reserve price
Fee
$0.01–$199.99
$2
$200 or more
1% of reserve price
Maximum charge of $50