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Originally Posted by nglitz
Auctions that start out too high typically don't attract too many bidders, but I prefer that approach to the inscrutable "reserve" routine.
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I agree. I don't sell cars, but I've sold some other stuff, and it didn't take me long to pretty much stop using reserves. I usually stick to stuff I know fairly well, so I have some idea of what I want for it. I may relist several times without dropping the minimum bid. Successful auctions often end with only one bid, which is fine with me.
I often also use a reasonable "Buy it now" price, and have sold a number of items that way. It also encourages some buyers to commit to making the minimum bid. The message there is, "Wait and see if you feel lucky, but don't cry if one of the big kids takes it away."