No Reserve Auctions!!

That is what ebay charges to LIST a RESERVE auction.....
There is NO other fees UNLESS the RESERVE is met....then
you are responsible for the FVF (final value fee)The selling price of the item.

Not going to argue with you anymore. Every major auction site on the planet works the same as ebay with the same terminology. An opening bid is an opening bid, a reserve is a reserve. A table is a table, it's not also a chair just because you can use it to sit on. But you think you're right.. OK.




OK, what did I say....




If you set a reserve you pay 1% of the reserve with a minimum of $2 and a maximum of $50. Whether it sells or not. Hence my point, using a reserve on ebay is just stupid. Just use an opening bid you're willing to accept.

bobby131313....Opening bids and reserves are 2 completely different animals and are not interchangeable.
YES...I am no dummy.
The reason for this thread started is because you cannot have a opening bid, with amount over 1c, and call it a no reserve auction.
A true no reserve....starts @1c and sells for the final bid.
If you are looking at a ebay....eBay...item....and the seller states NO RESERVE in the title....
it should start @1c....not at a opening bid???
Do you agree with this???

Nope.




Sure you can... Heritage, Sotheby's, Christies, and yes even ebay all do. But you can't. You're right, they're all wrong and have been doing it wrong for years.




No, a true no reserve auction starts with any opening bid and no reserve. (See Heritage, Sotheby's, Christies, and yes even ebay)

No problem....everyone does not have to agree.

My opinion.....
A opening bid HIGHER than 1c is a reserve....PERIOD.
It does not have to be stated as a reserve, could be a opening bid.....it the opening bid is NOT
met the item is UNSOLD.
How can you have a NO RESERVE auction and have items go UNSOLD??

Based on the few that replied.....they agree with my statements.
Not that anyone is wrong here.....just the terminology used.
Everyone is entitled to an opinion.

Anyone.....How do you do the "quote" boxes??

My recent experience of an auction house sale went like this. Listing fee £5 per item. No charge for reserve. !0% commission + VAT on sale price and fees, free insurance. Item listed was a gouache of a Venetian scene by a known European artist with work in many collections. The recent sales history of similar works by him put a firm value on this piece of £1200 to £1400. It listed at a guide price of £800 to £1200 with a reserve of £1000. The auctioneer called bids for opening at £800. As none were received the called for bids dropped until £600 was reached. Had I not had a reserve This piece would have gone for £600 and not the £1200 it is worth, and which I have since been offered. Quite different from ebay,

Terry

To quote, use the Reply to Topic link, and then hit the button with the small red arrow in the Format line.

An opening bid above 1c is not the same thing as a reserve...not to the auctioneer, and not to the potential bidder.

If I see an opening bid of $9.99, with no reserve, I know my bid of $9.99 might carry the day. If there is a reserve, my opening bid of $9.99 might not go anywhere. I'll rarely bid on an ebay auction with a reserve.

Not one bidder in ten would call an elevated opening bid a reserve, so it is confusing and ultimately fruitless to try to redefine the word. Especially when the distinction is useful.

My 2d. [Reserve not met.]

Thanks...last post was a test.

I don't agree with you. It is pointless disagreeing with terminology that is well established. On ebay, the terms "reserve" and "opening bid" are clearly defined.

A slightly less useless discussion might be about how you hate ebay allowing reserve auctions, not trying to redefine terms that are already well understood (by most of us).

Not everyone has to agree....

Interesting to see others get confused.
I see an auction "No Reserve" "0 bids" and the price $12
That used to really irk me,
Now I read it as "No Hidden reserve" but begin at something above $12

I now "watch" and see if the item sells, or is re-listed at a lower price.

When I was looking around for a used car, I used to see adverts....
"No Time Wasters!"
Goodness knows what that achieves, I'd immediately look elsewhere.

Thread bumped...NOTE: some of the original posters are no longer on the forum.
Don