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Originally Posted by fr0gman
There is no good reason for having an undisclosed reserve. If you r reserve is 20k then start the bids at 20k. What good are the 50.00 bids if you have a high reserve?
eBay buyers are going to spend within 5-10% of their comfortable limit anyway. If you have a "secret reserve" price I promise you the 305.00 bidder is not suddenly going to enter a 25k bid.
Not starting the bid at your reserve price simply makes no sense to me.
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As I have said before, the reserve is no big secret. It's approximately the cost of a nice new car: nothing super fancy, but no rust bucket either.
If you start an auction with a high opening bid, often you get no bids. So, I would rather see a little action, even if it falls short in the end.