Don't you hate to bid on auction items that have a reserve?

[hshrimps]

Auction items that have a hidden reserve would just stop me from putting additional bids (even if I really want those items). It just make me feel like I am just helping to jerk up their prices. Don't u all think like that?

[pbspelly]

If the reserve is hidden, yes

[Snapolit1]

I see both sides. As a bidder, it's a buzzkill. But if I was selling a $25,000 card I'd be real bummed if there were somehow a lot of other auctions at the same time or some breaking big national event going down (like a Presidential Election being sorted out) that artificially depressed the bidding action I was seeing.

[ALR-bishop]

I always assume a seller may have a minimum price for which he will part with a card. It makes no difference to me if that price is set by BIN, BO, reserve, minimum bid or shill ( the last being unethical but a fact of life). On BINs it is either go or no go. On auctions I just set a snipe or maximum bid to price I am willing to pay. There are some sellers, those who choose the shill method, I try to avoid

[brob28]

It depends on whether I think the reserve is reasonable or not.

[hshrimps]

Majority auction houses' reserves are hidden. They should have just set the min bid as the reserve price.

[iowadoc77]

Originally Posted by hshrimps

Majority auction houses' reserves are hidden. They should have just set the min bid as the reserve price.

+1 at least.

[oldjudge]

I think Heritage’s method of handling reserves is best. With a week to go post the reserve so bidders know what the target is.

[hshrimps]

Originally Posted by oldjudge

I think Heritage’s method of handling reserves is best. With a week to go post the reserve so bidders know what the target is.

+1

[Leon]

Originally Posted by oldjudge

I think Heritage’s method of handling reserves is best. With a week to go post the reserve so bidders know what the target is.

Heritage does it a good way. There has to be transparency as to the reserve before the auction ends or it sucks . And I agree that a solution can be starting the opening at the reserve. If it doesn't sell with a high opening the world economy won't change and no one will be out a ton of money or too disappointed.

.

[egbeachley]

Originally Posted by hshrimps

Auction items that have a hidden reserve would just stop me from putting additional bids (even if I really want those items). It just make me feel like I am just helping to jerk up their prices. Don't u all think like that?

As a seller, yes, since too many people refuse to bid on reserve auctions.

As a buyer, no, since occassionally when I am the high bidder the seller contacts me for the sale anyway. Then I negotiate a slightly lower price.

[ls7plus]

Originally Posted by ALR-bishop

I always assume a seller may have a minimum price for which he will part with a card. It makes no difference to me if that price is set by BIN, BO, reserve, minimum bid or shill ( the last being unethical but a fact of life). On BINs it is either go or no go. On auctions I just set a snipe or maximum bid to price I am willing to pay. There are some sellers, those who choose the shill method, I try to avoid

+1 there!

Best wishes,

Larry