Makes no sense to me, either, escpecially in the online auction format. It's different ina room with sweaty bodies and auction fever ... and the skill of the auctioneer to get something started.
If an item has a reserve, just start the auction with the minimum bid being the reserve. It strikes me that online auctions simply inherited all the traditions of the live auction format. They are quite different animals. really. Phil ----- Original Message ----- From: Bruce Hershenson To: [email protected] Sent: Sunday, October 31, 2010 12:20 AM Subject: [MOPO] I have a question about reserves I understand why many auctions have reserves, and I think it is great that some auctions have started posting what the reserves are. But I am not understanding the reason behind waiting until after there has been a bunch of bidding to post the reserve. Why wait until a set date, instead of just posting them when the auction goes online? Is it to see what bids are placed, so that the reserve can be at least equal to the highest bid to that point? And can a reserve be over the estimate? -- Bruce Hershenson and the other 28 members of the eMoviePoster.com team P.O. Box 874 West Plains, MO 65775 Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we take lunch) our site our auctions Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
