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Old 04-19-2007, 11:28 AM
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what do you think is a fair reserve (ritz auction)

for my auction. Im considering on lowering it but based on NJ prices and cosidering they only have used ones left, I think I set it pretty fair. Any suggestions? Please take into consideriation what these have been going for a piece on Ebay.

http://cgi.ebay.com/40-500-Paulson-T...QQcmdZViewItem

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Old 04-19-2007, 04:21 PM
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Re: what do you think is a fair reserve (ritz auction)

Anyone?
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Old 04-19-2007, 05:51 PM
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Re: what do you think is a fair reserve (ritz auction)

I would say 150, but I don't know how much these are book value.

But I believe that if they are worth it you will get the bids regardless.
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Old 04-19-2007, 06:38 PM
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Re: what do you think is a fair reserve (ritz auction)

Quote:
Originally Posted by WolfPack View Post
I would say 150, but I don't know how much these are book value.

But I believe that if they are worth it you will get the bids regardless.
I haven't sold that much on eBay, but I always start the bids low and have no reserve. Sure, there is a chance that someone walks away with it for a steal, but that is why I believe I always get more (on the few things I've sold, mostly Vineyards and original Bonds) than those who have reserve prices or high opening bids-- the crowd mentality of lots of bids makes the auctions more desireable.

If it were me, if I were worried about losing money, I would have the opening bid the minimum I would accept. If I did have a reserve, I would disclose it. However, it's not my auction, so good luck to you!

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Old 04-20-2007, 12:22 AM
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Re: what do you think is a fair reserve (ritz auction)

Reserve not mets suck, plus they cost the seller more money. Why bid on something you have no clue what the reserve is? Even if you do, there is no guarantee (can't spell) it will be met. Just set the starting bid at something reasonable yet low, you can always pull the auction later.
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