What's the logic behind hiding the reserve?

Edward Tinker · 01-31-2009, 08:18 PM

Well, it doesn't work that smooth, sorry.

I have found that if I ask $300 for a holster I "might" get a bid on it at the end of the auction. But if I ask $25, the folks start to bid and decide they want it and it ends up selling for $355.

But not always, I have had many items sell for less than I'd like and losing money sucks.

I have been to many antique auctions and many times they have reserves, as do gun auctions I have been too.

Ed

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01-31-2009, 08:18 PM	#10
Edward Tinker Super Moderator Eternal Lifer LugerForum Patron Join Date: Jun 2002 Location: North of Spokane, WA Posts: 15,974 Thanks: 2,072 Thanked 4,609 Times in 2,123 Posts	Well, it doesn't work that smooth, sorry. I have found that if I ask $300 for a holster I "might" get a bid on it at the end of the auction. But if I ask $25, the folks start to bid and decide they want it and it ends up selling for $355. But not always, I have had many items sell for less than I'd like and losing money sucks. I have been to many antique auctions and many times they have reserves, as do gun auctions I have been too. Ed