From: <pnkmoore@xxxxxxxxxxxxx> Subject: IML: Why no Reveal the Reserve Price? Hey Imps:What's the big deal about concealing a reserve price on an Ebay car auction? In asking that question, I'm getting the feeling there's an easy answer that I just haven't figured out. I'll take the risk of sounding stupid, however(it's familiar territory) and take the plunge: If there's a simple answer to my question, my simple mind would appreciate some input. Thanks: Patrick Moore Covington, Louisiana '58 Southampton project (very much NOT for sale!) '69 Electra convertible (very sadly heading for the auction block)
It's an advertising mind-game. People think that with a hidden reserve, they'll get a lot more bidding by enticing people who hope they'll get a steal. They figure if they get a lot of bids, the price will go higher, faster.
-Kle.'69 Crown 4DHT (temporarily indisposed)
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