back to the reserve price thing. If i enter my bid (the most i want to pay, as i now know :lol: ), if that's higher than the reserve, will that automatically bid enough to beat the reserve if no-one else bids? or how does that work? as i said, any tips on sounding out reserves would be cool (just in case anyone missed it as a few posts have been posted since i asked that). :)
Yep, when you bid on a reserve price, if you bid below the reserve it registers your bid but says "reserve not met". But if you bid
over the reserve - say £500 when the reserve's £350 - your bid will register
equal to the reserve price of £350. Until someone else bids.
Bidding on a reserve is just a shot in the dark really - if you reckon something's worth £350 but currently standing at £100 with the reserve not met, then try, say, £250. An amount you'd be absolutely happy to pay if you had to.
I say it's worth sounding out reserves because a lot of people have very high reserves, which is dumb because they may receive
no bids high enough (if everyone bids late). And having a reserve costs a fortune for the seller in listing fees, because they're based on both the reserve price and the final selling price.
I don't like reserves, as either a buyer or a seller. I think it's better to just set your starting price as the minimum you'd accept, then hope it goes higher. Unless you're brave enough to go the "99p starting price" route, which guarantees
some bids but it's too risky for me. :lol: