posted on August 17, 2008 12:44:40 PM new
I don't use reserves any more and generally will just have the opening bid be the least that I'll accept. Back in the day when I did use reserves, though, I did tell interested bidders what it was.
posted on August 17, 2008 12:52:11 PM new
9 times out of 10 I will reveal it, and if it is really reasonable, I'll post the answer on the auction page.
I rarely use them unless it is something really good - I haven't gotten much in the way of bids at all when I've used reserves recently - people tend to just ignore reserve auctions - it's very frustrating considering how much they cost.
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Caroline