Reserve on eBay

What do you usually do when you have a reserve price auction on eBay and a
potential bidder contacts you asking the reserve price. Do you tell?

On one hand it’s good to be honest with customers, but on another he might
not bid knowing the price.

Eugene

Re: Reserve on eBay

I usually try to stay away from reserves; it seems to impede bidding.

If they are interested enough to ask the reserve, I would tell them. It lets
them know how much you’re looking to get out of the auction.


Rodney Blackwell - site owner/administrator

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“Yevgeniy Leshchinskiy” <webmaster@animationlibrary.com> wrote in message
news:aenli2$vls$1@www.darklock.com
> What do you usually do when you have a reserve price auction on eBay and a
> potential bidder contacts you asking the reserve price. Do you tell?
>
> On one hand it’s good to be honest with customers, but on another he might
> not bid knowing the price.
>
> Eugene
>
>

Re: Reserve on eBay

> What do you usually do when you have a reserve price auction on eBay and a
> potential bidder contacts you asking the reserve price. Do you tell?

Yes.

> On one hand it’s good to be honest with customers, but on another he might
> not bid knowing the price.

Well, if your reserve is more than he’s willing to pay, then his bid
wouldn’t be any use to you anyway.

But if your reserve is an amount he’s willing to pay, you will make the sale
if you tell him (and you may lose the sale if you don’t)

Re: Reserve on eBay

As a buyer on ebay, I absolutely HATE reserves… in most cases they are
pointless and turn away potential bidders IMHO. I always feel it makes
more sense to start the bidding at your reserve price so visitors know
where they stand.

Whether or not you tell him is up to you… I mean, you could get lucky
and find one of those people who will keep upping it and upping it until
they find the reserve, but most people aren’t that stupid.

Yevgeniy Leshchinskiy wrote:
>
> What do you usually do when you have a reserve price auction on eBay and a
> potential bidder contacts you asking the reserve price. Do you tell?
>
> On one hand it’s good to be honest with customers, but on another he might
> not bid knowing the price.
>
> Eugene


Jay Tierney – jay@jaytierney.com

Re: Reserve on eBay

On Tuesday 18 June 2002 11:02 am, Yevgeniy Leshchinskiy wrote:

> What do you usually do when you have a reserve price auction on eBay and a
> potential bidder contacts you asking the reserve price. Do you tell?

Nope. He is trying to set up a snipe bid.

>
> On one hand it’s good to be honest with customers, but on another he might
> not bid knowing the price.

If the reserve is too high for him it won’t matter if you lose his bid or
not, he wont win if he bids his max.

Number one Ebay petpeve. Sellers who sell out the back door and cancel the
auction… I see that all the time with guitars on eBay.


John R. Marshall - Web Developer

JRM Studios - http://www.jrmstudios.com
The Hotrodding Network - http://www.hotrodding.net

Re: Reserve on eBay

John R. Marshall wrote
>
> Nope. He is trying to set up a snipe bid.

And that’s a bad thing, how?

A sniper’s maximum/proxy bid will be the most they are willing to pay.

The price on eBay is set by the second-highest bidder. If the sniper were to
oubid someone whose proxy bid is less than the most they were willing to
pay, the problem (if any) is that the second-highest bidder didn’t properly
use/understand the proxy bidding system.

In any case (1) if you’re assuming that there’s more than one bidder, you
should be happy with that and not imagine the scenarios in which you could
have got a higher price, (2) I would assume that the seller considers the
reserve price to be an acceptable price for the item and any bid which
exceeds the reserve would be welcome.

Re: Reserve on eBay

On Tuesday 18 June 2002 12:17 pm, Winston wrote:

> John R. Marshall wrote
>>
>> Nope. He is trying to set up a snipe bid.
>
> And that’s a bad thing, how?
>
> A sniper’s maximum/proxy bid will be the most they are willing to pay.

I’m talking about automated sniping tools. They get the reserve and snipe it
at a few dollars above. not their max bid. People really don’t understand
proxy bids. If they did there would be no such thing as a sniping tool. :slight_smile:

> the problem (if any) is that the second-highest bidder didn’t
> properly use/understand the proxy bidding system.

Thats it exactly. I’d say most ebay users don’t understand the proxy bid
system.

But I do watch the more competive sections of ebay… it’s not uncommon to
see 5 bids in the last min, and then the losers whining about how they were
outbid for a dollar on a BB. :slight_smile:


John R. Marshall - Web Developer

JRM Studios - http://www.jrmstudios.com
The Hotrodding Network - http://www.hotrodding.net

Re: Reserve on eBay

“John R. Marshall” wrote:
>
> Number one Ebay petpeve. Sellers who sell out the back door and cancel the
> auction… I see that all the time with guitars on eBay.

I’m seeing that less and less now with the “Buy It Now” option.

BTW - You’re right about the necks I asked about. I really don’t like
the glossy finish, so I’m letting that one go. The other I’ll watch, and
keep looking for better options. But I do like the smaller radius
fretboards.

-Mike K.

Re: Reserve on eBay

John R. Marshall wrote

> I’m talking about automated sniping tools. They get the reserve and snipe
it
> at a few dollars above. not their max bid.

AFAIK auto-sniping tools place one bid, a few seconds before the auction
ends. I’m not aware of any reason why using such a tool would cause the user
to enter a different max than if they were sniping manually.

If the tool is bidding incrementally, I wouldn’t call it sniping – but even
so, I assume the bidder has still entered their maximum bid in the tool and
the effect on the auction outcome would be the same.

> People really don’t understand
> proxy bids. If they did there would be no such thing as a sniping tool.
:slight_smile:

Agreed. As long as you have at bidders who understand proxy bidding, you are
doing well. Snipers are generally the bidders who understand proxy bidding
best.

> But I do watch the more competive sections of ebay… it’s not uncommon to
> see 5 bids in the last min, and then the losers whining about how they
were
> outbid for a dollar on a BB. :slight_smile:

More than one sniper? That’s an excellent result. In such a case, I’d say
the item sold for what the market would bear.

BTW, speaking of not understanding proxy bidding:


(note that the reserve was not met :slight_smile:

Re: Reserve on eBay

On Tuesday 18 June 2002 12:57 pm, Winston wrote:

> AFAIK auto-sniping tools place one bid, a few seconds before the auction
> ends. I’m not aware of any reason why using such a tool would cause the
> user to enter a different max than if they were sniping manually.

The reason is that they don’t understand proxy bids. A sniper is trying to
get the lowest bid possible, so they wont bid their max. If they were to
bid their max they could bid on the first day of the auction and the
results would be the same. The sniping tools make the user think that they
can get the lowest possible price so they don’t want to “risk” a higher
bid.

I know it doesn’t make a lick of sense but that’s people for ya. :wink:

> Snipers are generally the bidders who understand proxy
> bidding best.

No if they understood proxy bids they wouldn’t need a sniping tool. If they
get beat by a proxy they will think they got out sniped not outbid.

> More than one sniper? That’s an excellent result. In such a case, I’d say
> the item sold for what the market would bear.

No way to tell… if they all sniped 3 or 4 bucks over the reserve, but were
willing to spend more. But eBay is not a good judge of what the market will
bear… I’ve seen stuff that goes for more than it costs new, and I have
seen some HUGE deals go with zero bids. :slight_smile:

>
> BTW, speaking of not understanding proxy bidding:
> http://cgi6.ebay.ca/aw-cgi/eBayISAPI.dll?ViewBids&item=1358436245
> (note that the reserve was not met :slight_smile:

Yikes!!!


John R. Marshall - Web Developer

JRM Studios - http://www.jrmstudios.com
The Hotrodding Network - http://www.hotrodding.net

Re: Reserve on eBay

On Tuesday 18 June 2002 12:35 pm, Mike King wrote:

> BTW - You’re right about the necks I asked about. I really don’t like
> the glossy finish, so I’m letting that one go. The other I’ll watch, and
> keep looking for better options. But I do like the smaller radius
> fretboards.

7.5 is way too small for me. Id be fretting out like crazy. a 10" is about
as small as I’d go but I learned on my 16" charvel so I’m biased. (but a 10
to 16 radius neck is even more killer)


John R. Marshall - Web Developer

JRM Studios - http://www.jrmstudios.com
The Hotrodding Network - http://www.hotrodding.net

Re: Reserve on eBay

“John R. Marshall” <john@jrmstudios.com> wrote in message
news:aentms$8kf$1@www.darklock.com
> On Tuesday 18 June 2002 12:57 pm, Winston wrote:
>
> > AFAIK auto-sniping tools place one bid, a few seconds before the auction
> > ends. I’m not aware of any reason why using such a tool would cause the
> > user to enter a different max than if they were sniping manually.
>
> The reason is that they don’t understand proxy bids. A sniper is trying to
> get the lowest bid possible, so they wont bid their max.

I think that’s where your assumption is wrong. A sniper usually wants to win
an auction :slight_smile: Their “max” bid is usually flexible depending on how high the
auction goes. They understand proxy bidding, but they don’t care about it.
If their “max” bid is $25 and the auction goes to $30 and they REALLY want
the item, their max bid becomes flexible and they are willing to bid $31.


Rodney Blackwell - site owner/administrator

http://T-ShirtCountdown.com http://TalkT-Shirts.com/
http://ihateclowns.com/ http://Globie.com/
http://DomainJunkies.com/ http://5R5.NET
http://GotPaintball.com/ http://CircleRPrinting.com

Re: Reserve on eBay

On Tuesday 18 June 2002 01:41 pm, Rodney Blackwell wrote:

> If their “max” bid is $25 and the auction goes to $30 and they REALLY want
> the item, their max bid becomes flexible and they are willing to bid $31.

Well if they are “really” sniping they wont have time. First and last bid 15
sec before the auction closes. :slight_smile:


John R. Marshall - Web Developer

JRM Studios - http://www.jrmstudios.com
The Hotrodding Network - http://www.hotrodding.net

Re: Reserve on eBay

Yep. A sniper watches the ebay close time and then hits with whatever bid
(up to your limit) it takes to get it to go through.

Usually the snipers can’t get into a fight over the order, because they
place the transaction so late in the game that only one is going to get
through.

“Winston” <wd@winston.org> wrote in message
news:aenshc$nm8$1@www.t-shirtcountdown.com
> John R. Marshall wrote
>
> > I’m talking about automated sniping tools. They get the reserve and
snipe
> it
> > at a few dollars above. not their max bid.
>
> AFAIK auto-sniping tools place one bid, a few seconds before the auction
> ends. I’m not aware of any reason why using such a tool would cause the
user
> to enter a different max than if they were sniping manually.
>
> If the tool is bidding incrementally, I wouldn’t call it sniping – but
even
> so, I assume the bidder has still entered their maximum bid in the tool
and
> the effect on the auction outcome would be the same.
>
> > People really don’t understand
> > proxy bids. If they did there would be no such thing as a sniping tool.
> :slight_smile:
>
> Agreed. As long as you have at bidders who understand proxy bidding, you
are
> doing well. Snipers are generally the bidders who understand proxy bidding
> best.
>
> > But I do watch the more competive sections of ebay… it’s not uncommon
to
> > see 5 bids in the last min, and then the losers whining about how they
> were
> > outbid for a dollar on a BB. :slight_smile:
>
> More than one sniper? That’s an excellent result. In such a case, I’d say
> the item sold for what the market would bear.
>
> BTW, speaking of not understanding proxy bidding:
> http://cgi6.ebay.ca/aw-cgi/eBayISAPI.dll?ViewBids&item=1358436245
> (note that the reserve was not met :slight_smile:
>
>

Re: Reserve on eBay

Mark Lyon wrote
> Usually the snipers can’t get into a fight over the order, because they
> place the transaction so late in the game that only one is going to get
> through.

And therefore, a sniper who knows what they are doing will bid their max.

If you’re trying to account for people who don’t know what they are doing,
you’re going to drive yourself crazy

Re: Reserve on eBay

John R. Marshall wrote
> The reason is that they don’t understand proxy bids. A sniper is trying to
> get the lowest bid possible, so they wont bid their max.

Well then that “lowest bid possible” is their max.

If they snipe and complain after that they would have paid more, this sounds
more like misplaced macho competitiveness (“I would have won that game if
only [insert factor beyond player’s control]” or “the one that got away”).

I’m sure there are people who do what you describe. But in my
experience, snipers tends to be savvy bidders who know that sniping gives
them an advantage only because earlier bidders may not have bid their max,
and they avoid that mistake themselves.

If your bidders are clueless about how to use eBay, it is possible your item
will not sell for as much as it otherwise would.

However, in my experience it happens more often a bidder who is clueless
about how to use eBay will cause the item to sell for twice as much as it
otherwise would (and will happily pay up in their blissful ignorance :slight_smile: