I'm helping a friend sell some high end audio gear on e-bay* which we listed with a reserve. Someone has e-mailed me and asked what the reserve price is. I've never done a reserve auction so am not sure what I should do here. Should I tell him what the reserve is? Should I tell him exactly or give a range/approximation? Or, should I say that I prefer not to give the reserve? Is there a good reason why I should or should not give out the reserve?
Ron L
