me_at_myhouse t1_iybeppe wrote
Reply to comment by Specialist-Big2165 in ELI5 When selling an item in an auction, why set a minimum reserve amount if the bidders can’t see it. Why not just set the minimum bid at the lowest price you’d be willing to sell at? by lsarge442
You could also look at the 'completed listings' option on ebay that shows you what the winning bid price was for the same item.
I usually check for the completed listing value. If I feel the price is fair, I set my item to Buy It Now at that price , and require immediate payment.
Makes the sale quick and convenient. Otherwise you have to wait for the auction to end, and then sometimes days for the bidder to get around to making payment.
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