If there's a reserve price, whats the point on bidding below it?Reserve not met at $39k at the end of the auction but no, I was not bidding
Wouldn’t it stop a whole lot of wasted time then if it were clear? Serious bidders would know the deal and either stump up or move on.The reserve price is usually secret, announced only at the end of an auction if it’s not met.
Yep...........I've always thought this. I think the 'reserve' should be the starting price, that way it either doesn't sell or the seller gets at least what he/she would accept for it!.........Simple!Wouldn’t it stop a whole lot of wasted time then if it were clear? Serious bidders would know the deal and either stump up or move on.
Wouldn’t it stop a whole lot of wasted time then if it were clear? Serious bidders would know the deal and either stump up or move on.