Quote:
Originally Posted by RichardT10829
No reserve but starting bids at £200.....could be wrong but is that in itself not a reserve ?
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Yes, it is effectively a reserve. In this case the seller appears to be open about what his acceptable minimum is. I would rather see it done this way than have a hidden reserve with the appearance that bidding starts at 0 (but no effective bidding until the reserve is met). This way I can decide I don't want to waste my time. I can also understand the seller not wanting to risk starting an auction at 0 without any form of reserve and risking selling the item for a tiny fraction of the normal value if nobody happens to see his auction. I don't have any involvement with this auction on either side, just commenting on how I prefer to see auctions run, in the open.
01-09-10, 20:15
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