As A Buyer
Sellers that list Online Auctions with a Reserve Price, especially those that start at a low price like .99 cent. Frankly I see no sense in even having this option for Online Auctions. Whats the use in it? Online Auctions are not like a live auction at an Auction House where bidding is live and a Reserve price encourages higher bids. If a Seller wants at least a certain number for his item in an Online Auction why not just start that Auction at that price and quit wasting everybody's time. Why the secret? It will be revealed if someone bids that high anyway so why? How can this possibly benefit the Seller at all? Just start the Auction at the minimum price you want and then let any bidding go up from there. I just don't get it. Most of the Reserved Price Auctions I have followed never get to the Reserve price and go unsold.
Sellers that list Online Auctions with a Reserve Price, especially those that start at a low price like .99 cent. Frankly I see no sense in even having this option for Online Auctions. Whats the use in it? Online Auctions are not like a live auction at an Auction House where bidding is live and a Reserve price encourages higher bids. If a Seller wants at least a certain number for his item in an Online Auction why not just start that Auction at that price and quit wasting everybody's time. Why the secret? It will be revealed if someone bids that high anyway so why? How can this possibly benefit the Seller at all? Just start the Auction at the minimum price you want and then let any bidding go up from there. I just don't get it. Most of the Reserved Price Auctions I have followed never get to the Reserve price and go unsold.
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