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12-08-2008, 09:11 PM
|  | Bass - the final frontier! | | Join Date: Jun 2007 Location: VA, USA | | | eBay no reserve auctions
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Is it just me or do you get p-ed off with folks who post 'no reserve' auctions on eBay with starting prices pretty close to the value of the item?
For example, some 'wally' has posted a Alleva Coppolo 'no reserve auction' at $3995 with a 'BIN' at $4495. Nice bass but be honest with the marketing. I'm surprised nobody has got eBay on this one yet. IMHO it is false advertising; I believe a 'minimum price' negates 'no reserve'.
(BTW I have no problem with anyone setting a minimum price for a bass. I would and have done it. I just haven't called it a 'no reserve' auction!)
What do you think? |
12-08-2008, 09:18 PM
|  | Registered User | | Join Date: Apr 2007 Location: S.E. Connecticut, USA | | | It's you. It's not worth getting annoyed over. It you want it, buy it. |
12-08-2008, 09:25 PM
| | Bass - the final frontier! | | Join Date: Jun 2007 Location: VA, USA | | Quote:
Originally Posted by Lesfunk  It's you. It's not worth getting annoyed over. It you want it, buy it. | You might have a point there; maybe not.......  |
12-08-2008, 09:35 PM
|  | Registered User | | Join Date: Jun 2007 Location: Chico, CA | | | By definition it is indeed a no reserve auction regardless of the starting price.
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12-09-2008, 07:03 AM
| | | | Personally I'd much rather they started at $3995 than start it at $1, and put a reserve of $3995.
A starting price is a starting price. It's posted. You know what it is. You see the price, and know you really can MAYBE get it for that price. You put in a bid, and both sides make a public commitment to the bid.
A reserve says there's a REAL starting price, that I'm not going to tell you. "Hey look!! get this for $1". You bid in good faith and THEN get told, actually he never had any intention of selling it for that price - the $1 sticker is the scam. |
12-09-2008, 07:21 AM
| | Registered User | | Join Date: Jul 2000 Location: Sutton, Massachusetts | | | I pretty much always put up stuff no reserve with a price that is the minimum of what I'd accept. Not a crazy price mind you. I hate $1 reserve auctions for big ticket items but that is me.
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12-09-2008, 07:25 AM
| | Registered User | | Join Date: May 2007 Location: Nashville | | | It's because ebay has changed their policy on Buy It Now's. Once you get a single bid on an item your Buy It Now price goes away. So if you put a Buy it now of $4500 and an initial bid of $500 and someone bids $500 the Buy It Now disappears and you're locked into the auction possibly selling for $500.
Ebay has made a bunch of excuses why they made this change... personally I feel they made the change to motivate more people to use Reserve Prices which garner's ebay more money.
There's multiple things Ebay and Paypal have changed over the past year that have ticked me off quite a bit. The 'holding money for 21 days thing" is a real irritant to me. They say it's to protect buyers, but honestly I see it as being nothing but a business decision to get paypal/ebay corp. more interest money from holding sellers money for 21 days. |
12-09-2008, 07:28 AM
| | Registered User | | Join Date: Jun 2007 Location: Chico, CA | |
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12-09-2008, 07:29 AM
| | Registered User | | Join Date: Apr 2007 Location: Finland (Northern Europe) | | | Hi.
I tend to agree with Lesfunk, it's You.
I see nothing wrong with it, it's just the way some people want to do bussiness.
I probably wouldn't do it like that, but I wouldn't start from $1 with the reserve at $3995 either.
Just my 0.02€
Sam |
12-09-2008, 08:37 AM
| | Registered User | | Join Date: Mar 2008 Location: Winnipeg,Siberia | | Quote:
Originally Posted by stflbn It's because ebay has changed their policy on Buy It Now's. Once you get a single bid on an item your Buy It Now price goes away. So if you put a Buy it now of $4500 and an initial bid of $500 and someone bids $500 the Buy It Now disappears and you're locked into the auction possibly selling for $500.
Ebay has made a bunch of excuses why they made this change... personally I feel they made the change to motivate more people to use Reserve Prices which garner's ebay more money.
There's multiple things Ebay and Paypal have changed over the past year that have ticked me off quite a bit. The 'holding money for 21 days thing" is a real irritant to me. They say it's to protect buyers, but honestly I see it as being nothing but a business decision to get paypal/ebay corp. more interest money from holding sellers money for 21 days. | the only thing being protected is ebay/paypal's bottom line.....a lot of guys are simply posting a buy it now price only and skipping the whole auction thing as a way around the fees..... |
12-09-2008, 08:45 AM
| | Registered User | | Join Date: May 2007 Location: Nashville | | | Then they shouldn't offer the Buy It Now price. Especially if it's going to be canceled with a $1 bid on a $900 item. |
12-09-2008, 04:42 PM
|  | Registered User | | Join Date: Jul 2004 Location: Fort Collins, Colorado | | Quote:
Originally Posted by Thunderitter Is it just me or do you get p-ed off with folks who post 'no reserve' auctions on eBay with starting prices pretty close to the value of the item?
| No problem at all. They know what they are willing to accept, so they start there. It works or it doesn't - that's up to them.
I can't see why this would bother anyone. It's the seller's choice.
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12-09-2008, 06:25 PM
| | Registered User
AFM International Representative | | Join Date: Mar 2001 Location: Boulder Creek, CA | | Quote:
Originally Posted by Thunderitter
For example, some 'wally' has posted a Alleva Coppolo 'no reserve auction' at $3995 with a 'BIN' at $4495.
| It wasn't me! LOL
Wally |
12-09-2008, 08:59 PM
| | Bass - the final frontier! | | Join Date: Jun 2007 Location: VA, USA | | Quote:
Originally Posted by Simon Langley By definition it is indeed a no reserve auction regardless of the starting price. | I think you could argue that the reserve is $3995, same as I'd say the reserve was $1 if it had started there. I hear you though that it is a 'no reserve' auction, but you know what I mean (even if you disagree!)
Still, some interesting points in the posts. I hadn't considered the BIN issues of the first bid. | | Thread Tools | Search this Thread | | | | 
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