Re: IML: Why no Reveal the Reserve Price?

[Kenyon Wills <imperialist1960@xxxxxxxxx>]

Reserve is a game played when you want to take bids on
a car to gauge the market, and leave yourself the
option of reducing the minimum price if things don't
go your way and meet your emotional expectations of
what a car is worth.  It allows you to save face by
lowering the reserve when nobody else agrees that it's
worth more than the market will bear.  

Keeping it a secret?  Who knows?  Why bother with it?



I encourage you to list the car without reserve at the
lowest price you can possibly afford to part with the
car for and be done with it.  That way you are
up-front and everyone knows what the deal is.

You will get far more activity and money from
extensive visual and descriptive documentation than
anything revolving around a reserve scheme, says the
20 or so Imperials that I've sold on ebay this way. 
Better the devil you know than the one you don't.


-Kenyon



--- pnkmoore@xxxxxxxxxxxxx wrote:

> Hey Imps:
> 
> What's the big deal about concealing a reserve price
> on an Ebay car auction? 
> In asking that question, I'm getting the feeling
> there's an easy answer that 
> I just haven't figured out.  I'll take the risk of
> sounding stupid, however 
> (it's familiar territory) and take the plunge:
> 
> I'm considering selling my "other-than-Imperial"
> (Imperial being the 
> standard by which all other vehicles must be
> measured) vehicle on Ebay, and 
> want to set the reserve at some number that would
> protect me from absolutely 
> giving it away, but a number that is still low. 
> Sometimes I see ads that 
> "reveal" the reserve, though most do not.  I both
> want the car to sell and 
> to protect myself against selling the car for $37
> because of a fluke. I 
> don't see any problem with revealing my reserve, but
> I'm worried I'm missing 
> something.  I want potential buyers to know that
> it's an affordable auction, 
> that they can invest some time and effort into
> investigating the car and not 
> worry about a reserve being throgh the roof.
> 
> If there's a simple answer to my question, my simple
> mind would appreciate 
> some input.
> 
> Thanks:
> 
> Patrick Moore
> Covington, Louisiana
> '58 Southampton project (very much NOT for sale!)
> '69 Electra convertible (very sadly heading for the
> auction block)
> 
> 
> 
> 
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