should i reveal the reserve price

I've been asked what the reserve is - should I reveal it

Accepted Solutions (0)

Answers (2)

Answers (2)

red_magpie
Experienced Mentor

That's up to you.

 

Surely it's sensible to tell them what the reserve price is, otherwise you could lose the sale because they bid even a pound too low.

 

Don't forget that even if the item doesn't sell, you will still be charged a fee of 4% of the reserve price.

 

Reserves are expensive and usually pointless. Next time, why not just start the bidding at the lowest price you would be willing to accepr?

 

 

redwick1
Experienced Mentor

I cant see why not.

Most will know the lowest reserve is £50 

Did you realise that adding a reserve coste 4% of the reserve price and you

do not get it back if the item does not sell

Much better to start with a price you are willing to accept

Ask a question