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#13
05-12-2004, 01:36 PM
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Reserve Price Auctions
Posted By: warshawlaw
I generally do not use reserves because I get ticked off wasting my time playing guess the price on reserve auctions, so I figure others mught feel the same way. Also, I hate having a reserve and fielding all of the queries over what the reserve is. I typically set the minimum where I am comfortable and often spend the nickel to throw in a BIN at a level where I would be very happy with the sale. I've never been a big fan of auctioneers who set ridiculously low minimums; just doesn't strike me as honest. 
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