People have asked why we publish reserves for every auction. The 804 lot
auction will take only 6 and one half hours to complete so that people can see
a film, have dinner, go back to the dealers room and of course pay for their
winnings. This of course allows bidders to determine if they can
This very obvious. The very high bid means that the bidder knew the
reserve prior to placing the bid. Either the seller told the person the
reserve
or had another bidder (another username) place a high bid but just under
the reserve.
This is quite psychological and works well at times.
Is there any policy regarding EBay reserves? Often times in real auctions when
there is a reserve, the opening bid requirement might be half of that reserve
or something similar. Recently I noticed bidding on a poster where the reserve
was not met, yet the high and unsuccessful bid was more
you can start at any price and have a reserve of any price is my understanding
like the White Christmas lobby card set that ended a couple days ago
at $199.99 (which was apparently the reserve price) and started at $9.99
At 03:15 PM 2/6/2012, Phillip W. Ayling wrote:
Is there any policy
I should add.. I've just stopped bidding on 99% of reserved item I
look at on ebay. I have to want it badly to know that I'll go against
the reserve on ebay
some sellers the reserves are pretty obvious as they frequently have
a 9.99 start a BIN of what I expect the reserves are
some
I commend Heritage for already having a bid of $375,000 on their Bride of
Frankenstein poster. Even if their are no further bids (highly unlikely)
this poster will come very close to setting the record for the most
expensive movie poster ever sold at auction.
And to those who think buyers
I wonder if you correct Franc. Of course, they could immediately start
posting reserves BEFORE the bidding starts, and also NEVER re-open a closed
auction, except when there is an outage of service, and then both those
problems would completely go away. I wonder if they will do so? Maybe if
people
Concerning reserves or opening bids on Heritage's website and auction, there is
no mystery. The reason reserves are not posted until 7 days before the auction
is that we don't know that all reserves are in from our consignors until that
time.
Contractually the consignor has until 10 days before
I think posting reserves is ridicuous. Why not just start the bidding at
the reserve?
I think houses don't immediately post the reserve because they're hoping
more than one bidder will bid above the reserve. I'm also deeoply
suspicious when I'm the only bidder on a piece and the piece opens
Hey MOPO,
Wanted to thank a couple of you for reminding me, I hate Reserve auctions
too.thus, after that long winded note I have just sent; realized
I could take the reserve off. Did so, thus, you may
now see the written language of the almighty $ in black and
white.Good luck if
Here is a question for the group. Do you bid against reserves?
I personally will not chase reserve prices. I will place a low bid that I
know will not meet the reserve and then snipe at the end. However,I
cannot understand the reason for them. Why not put a starting price on the
poster and
i never snipe on a reserve. what's the point? i might
truly overpay. let me outbid another person, but not the seller.
when i see a reserve, i usually bid lower.
Visit the MoPo Mailing List Web Site at www.filmfan.com
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How to
I tend to agree with Walter on this one from a theoretical point of view. In a live auction, the auctioneers will start an item often below the reserve andthe buyer will usually not know the reserve, although most of the time thereserve is about 20% below the low estimate. An internet
I agree with Walter and Kirby.
While reserves have always been part of the
auction experience, in a market like eBay
they are pretty much a waste of time.
As sellers, we just list the minimum price we would
be happy to accept for any item.
If it goes higher from multiple bids, that's even better
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