Quote:
Originally Posted by ApK
As I mentioned above, I can see that when the value of an item is highly speculative for both seller and potential buyers, then a reserve might be appropriate. The auction becomes essentially a mini stock exchange for establishing the value of that one item.
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Ok, well, that is what I used it for, so I guess we are on the same page. It's a lot easier to set a minimum price when you have similar things that sell, not so easy when the item is hard to price (say completed cross stitch of a wanted designer or a signed copy of a book by a popular author).
There are also folks who put reserve prices on stuff NOT to sell the item but to find out how much interest it garners by people checking out the ad.