EBay, Collectors, Flea Market & Antiques

MichMan

(14,692 posts)

4. There are a few ways to look at it

Mon Mar 3, 2025, 06:53 PM

Mar 3

Last edited Mon Mar 3, 2025, 07:53 PM - Edit history (1)

With a reserve, people won't know what it is. A potential bidder will place a bid, get a message "reserve not met" and will have no idea if they are even in the same ballpark. That tends to make people give up as they start thinking their chances of winning at a good price isn't going to happen.

The other mindset is to put no reserve at all. You are taking that risk that someone can "steal" it for much less than you want, but on the other hand, if it truly is that desirable, you will have multiple bidders wanting it and they can get auction fever. Easy in that case to keep going back and forth by bidding just a little more than the last person and ultimately get much more than you thought.

The third option, is to list it only with a Buy It Now price instead of allowing any bids. I think this is called a fixed price auction

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

IbogaProject

7 replies

= new reply since forum marked as read

Highlight:

Question about "Buy it now" on ebay [View all] KS Toronado Mar 3 OP

You can't. BIN is only active as long as there are no bidders MichMan Mar 3 #1

Was thinking it should go for around 5 grand KS Toronado Mar 3 #3

I don't believe you can do that MichMan Mar 3 #5

There is a possibility that the potential buyer taxi Mar 3 #2

There are a few ways to look at it MichMan Mar 3 #4

Thanks for that info MM KS Toronado Mar 3 #6

MM has it right. Pick a buy it now price AND have a reserve. CoopersDad Mar 9 #7