P3D Re: eBay auctions

[Dan Vint <dvint@xxxxxxxx>]

Were you bidding triple the reserve (which is hidden) or the starting bid
price? I don't know what the reasoning is to hide a reserve vs setting a
minimum bid. I think the reserve setting might get you an idea of what the
value to the customer is because you can see their final bids, but
otherwise I see no advantage. I hate the folks who post something form a
minimum bid of $5.00 and then want $5,000 as the reserve price.

About 6 months ago eBay start to change the policy and was setting rules
for how big the difference could be and they wanted to charge extra - well
that never happened. I think this whole low starting bid and set a reserve
was their initial idea anyway which I never understood.

..dan

At 10:29 AM 12/13/99 -0700, you wrote:
>
>
>Linda Nygren wrote:
>
>> That used to be the case, George, but the reserve bidding rules changed
>> sometime back (seems like about a year ago, but I am not sure) such that
>> only *one* bidder has to go above the reserve. Essentially you are
>> bidding against the seller's reserve. I have personally "won auctions"
>
>It's been that way in the (almost exactly) three years I've been using
>ebay.  It'd make no sense if one were to bid triple the reserve and
>still not win the item because "reserve wasn't met".  :-)
>
>As best I recall anyway. 
>
>Mike K.
>


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