Messaged about reserve price

[thetechguy99]

I am selling an item on which I have placed a reserve price. Someone has messaged me asking what the reserve price is.

Should I respond?..

[**peaseblossom**]

No reason not to.   I would think they just want to know if they can afford it.   

[*vyolla*]

There's no reason not to disclose the Reserve price, it's just there to prevent your item from selling for less.

Having said that, I wouldn't have added a Reserve to that listing. A Reserve is an expensive feature to use (4% of your Reserve price, and you pay even if your item doesn't sell). Starting an auction at the lowest price you'd be happy to accept costs nothing, and effectively acts exact same as adding a Reserve.

[eastern-lights · Accepted solution]

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@*vyolla* wrote:

There's no reason not to disclose the Reserve price, it's just there to prevent your item from selling for less.

Having said that, I wouldn't have added a Reserve to that listing. A Reserve is an expensive feature to use (4% of your Reserve price, and you pay even if your item doesn't sell). Starting an auction at the lowest price you'd be happy to accept costs nothing, and effectively acts exact same as adding a Reserve.

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With my buyer hat on, I dislike items with a reserve, and it can put me off bothering to bid. Too often I have wasted time bidding only to find that the reserve is obviously way beyond what I am interested in paying.

[thetechguy99]

So I have reduced the reserve a little bit (down to £250.00). Any idea why on the item page the reserve price says £312.68? What's the extra £62 for??