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- Mar 8, 2012
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I hate reserves with a passion and absolutely refuse to bid on any auction that has one nowadays. I much prefer someone to start it with a higher starting bid that at least I know I have a chance of winning. When I first started on eBay, I bid $50 on a pair of pants to find out the guy had a reserve of $60 than after the auction ended without meeting the minimum he offered them to me at the lower price. I refused mainly because I was butt hurt about putting a good bid out and getting it rejected by a reserve. This happened several times, and since than I haven't bid on an item with a reserve.
This is why I love Spoo's auctions, I know I can win stuff for 9.99. It has even happened a couple of times, but it also encourages me to place lots of bids. If you look at my history, I probably bid on 10 - 15 items every week of Spoo's. I have only won 2 items so far but not for lack of trying. I am also not just sniping cheap stuff (although that comes into play), since I am looking for bargains sometimes I find things I really want like a Dsquared jacket for my wife that I put a large bid on but was way under the ending bid. Usually I am too cheap to pay what is required to win them but because I know it is possible I could win it; I bid.This raises the price on many auctions for Spoo because there are a lot of other people out there with the same idea but a less tight fist on their money.
I also hate reserve prices. But I'm not willing to lose money on stuff either. I'd rather relist than lose $50 on a high ticket item. Maybe it is better to just start the auctions higher...
I haven't used a reserve on an auction for over a year, and I might not do it. I'm still figuring out my scheme. Thanks for the feedback, I'll certainly keep your view in mind.