Once again I was involved in a ridiculous Auction that had a 'Reserve Price' on it 
.............why do sellers like to waste the bidders time let alone their own time using this wasted type system as they will not make any more money than they would if they started their listing at their 'Reserve Price' This particular Auction starting Bid was 1 yen and personally my last minute Bid was in the hundreds of dollars but when the auction ended apparently nobody reached their 'Mystery' figure and it was relisted starting at 1 yen again.
For example: If I won't take anything less that $200 for my item, why would I start my auction a penny with a Hidden Reserve Price of $200? Only to have to constantly re-list it time and again. Why would anyone want to do that?? The best way to get what you want and maybe more is to start the Auction at $200 which is the minimum you would take and have no Reserve. This way you not only will have a better shot at getting at least the least you will take, you will get only serious bidders and weed out the nickle and dimers.
I have said it before, that 'Reserve Auctions' only work at the Auction Houses where the number you bid is the number you pay. Not like Online Auctions where no matter how high your bid is it only shows as just one place higher than the last bid. For example....If I bid $1000 on a $5 auction, the Listing shows me as the new highest bidder at $1 higher than that $5 bidder whereas at the Auction House, my $1000 bid now takes that Auction to $1000 and the next bidder will have to bid higher than that.
Furthermore.....If you do feel the need to List with a Reserve, wouldn't it make more sense to start your re-listing at the highest bidder was at that didn't reach your mystery number the first time? That way at least the bidders know that your Reserve is higher than that. Its just irresponible to re-list the same thing at 1 yen let alone just plain stupid IMO.
Sorry for the Rant but......I just don't get the benefits of this unless wasting of peoples time including the sellers.
.............why do sellers like to waste the bidders time let alone their own time using this wasted type system as they will not make any more money than they would if they started their listing at their 'Reserve Price' This particular Auction starting Bid was 1 yen and personally my last minute Bid was in the hundreds of dollars but when the auction ended apparently nobody reached their 'Mystery' figure and it was relisted starting at 1 yen again.For example: If I won't take anything less that $200 for my item, why would I start my auction a penny with a Hidden Reserve Price of $200? Only to have to constantly re-list it time and again. Why would anyone want to do that?? The best way to get what you want and maybe more is to start the Auction at $200 which is the minimum you would take and have no Reserve. This way you not only will have a better shot at getting at least the least you will take, you will get only serious bidders and weed out the nickle and dimers.
I have said it before, that 'Reserve Auctions' only work at the Auction Houses where the number you bid is the number you pay. Not like Online Auctions where no matter how high your bid is it only shows as just one place higher than the last bid. For example....If I bid $1000 on a $5 auction, the Listing shows me as the new highest bidder at $1 higher than that $5 bidder whereas at the Auction House, my $1000 bid now takes that Auction to $1000 and the next bidder will have to bid higher than that.
Furthermore.....If you do feel the need to List with a Reserve, wouldn't it make more sense to start your re-listing at the highest bidder was at that didn't reach your mystery number the first time? That way at least the bidders know that your Reserve is higher than that. Its just irresponible to re-list the same thing at 1 yen let alone just plain stupid IMO.
Sorry for the Rant but......I just don't get the benefits of this unless wasting of peoples time including the sellers.
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