[quote name='Bassassin' post='695538' date='Dec 29 2009, 12:29 PM']Re undisclosed reserves - it's something I completely fail to understand the point of. If I was unsure that an item would reach its market value with a low starting bid (99p, in my case) then I'd either start the auction at the lowest amount I'd be prepared to accept, or do a BIN with offers. I think secret reserve prices simply put people off - personally if a seller refuses to tell me the reserve, then I simply move on. As a buyer, the basic rule of Ebay is that another one will be along sooner or later, and be cheaper & better than the one you missed.[/quote]
Yep, i rarely bid on an item if it has a reserve. I don't see why people can't just start it at that price, as as for putting people off by putting the reserve price, if they're not prepared to meet the reserve price if they know it, they're not going to meet it if they don't know it either, it puts me off bidding not knowing it because a lot of the time it's set stupidly high.