[no subject]

Pete Hardie wrote:

| I hate these with a passion - I mean, if you aren't going to sell
| it for less that $100, why isn't the minimum bid $100?  Starting at
|  $1 just feeds the auction junkies and makes anyone really
| interested in the object fight through idiots.


Because starting lower than the minimum *does* attract more bidders
than starting at the minimum, and they're not necessarily all 'auction
junkies'.  I don't usually use the reserve feature myself - I take my
chances - but I've found that starting at a lower initial bid can
attract enough bidders to eventually make the selling price higher.
For a lot of people, once they've actually bid on an auction, threre's
a reluctance to let it go, and it may convince them to bid more than
they would have initially.  The reserve auction gives sellers a way to
take advantage of this while still having a safety net.

Ben

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</pre>
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<ul><li><strong>References</strong>:
<ul>
<li><strong><a name="00251" href="msg00251.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> cfowler at outpostsentinel.com (Christopher Fowler)</li></ul></li>
<li><strong><a name="00256" href="msg00256.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> esoteric at 3times25.net (Geoffrey)</li></ul></li>
<li><strong><a name="00262" href="msg00262.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> cfowler at outpostsentinel.com (Christopher Fowler)</li></ul></li>
<li><strong><a name="00264" href="msg00264.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> kafka at antichri.st (kafka at antichri.st)</li></ul></li>
<li><strong><a name="00269" href="msg00269.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> dhurst at kennesaw.edu (Dow Hurst)</li></ul></li>
<li><strong><a name="00271" href="msg00271.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> cfowler at outpostsentinel.com (Christopher Fowler)</li></ul></li>
<li><strong><a name="00280" href="msg00280.html">[ale] OT: Cheap part hight shipping</a></strong>
<ul><li><em>From:</em> pete.hardie at sciatl.com (Pete Hardie)</li></ul></li>
</ul></li></ul>
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