Curse

razbgd · Feb 06, 2007, 06:05 AM // 06:05

I`m new in selling and buying,and have to ask-what is reserved price actually for?Couldn`t find the explanation anywhere on the site...

jackie · Feb 06, 2007, 07:00 AM // 07:00

It's the minimum price that a seller is willing to accept for a property to be sold at auction.

razbgd · Feb 06, 2007, 07:25 AM // 07:25

Quote:

Originally Posted by jackie

It's the minimum price that a seller is willing to accept for a property to be sold at auction.

so if my item doesn`t reach the minimum price,i`m not in any way obliged to sell it?

kobey · Feb 06, 2007, 08:17 AM // 08:17

Yup

You have every right how you want to sell your items. Just that if you aren't ethical in your selling methods, your reputation will get a hit.

and please watch your bumps. Edit your post if you have something to add. 1 bump/post allowed per 12 hr period in the pc forum.

razbgd · Feb 06, 2007, 08:57 AM // 08:57

that was the question-if reserved price has not been met,is it ethical to refuse to sell?and what is a forum bump?

scyfer · Feb 06, 2007, 09:37 AM // 09:37

Forum bump = moving your thread to the top by posting a new post. Dont do it in PC forum more than every 12 hrs, and other sell forums every 24 hrs.

Reserve price = hidden (or not hidden) price that sellers put in to annoy buyers, having a low starting price to falsely entice them to bid on the item, when the seller will in no way sell under the reserve price. It's a guessing game, for hidden reserves, and we buyers don't like it!

(Imo, it's a good way to not have anyone bid on your item, vague end date + hidden reserve price = bad news)