How Reserved are you about your Reserve ?

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Posted By: ted

As the proprietor of an auction house, i must say that although the concept of a reserve is good, we try and steer most of our clients into using our no reserve format. They generate a far better return on investment. As a direct response to your question, if someone does inquire as to the reserve on an item, we do not disclose the amount. It generally reduces interest in the item and furthermore, it is unfair to disclose it to one person and not others. If you are in the habit of disclosing your reserves, i would suggest that you put the opening bid at the reserve and leave it at that. It will dramatically reduce interest, but it is the best way of doing it.

Hope this helps,
Ted