Originally Posted by jasandalb

I've sold 2 bikes on Ebay...(as well as numerous other bike parts...clothes...electronics, etc).
I've set my reserves at a price I was "hoping for"... then around the 24 hour mark, if it is around were I am "comfortable" selling it... I'll lower the reserve to maybe $10 higher than what it is at....that way the next bid is set and it will sell. If I dont like where it is going...I'll cancel the auction or keep the reserve where it is at (you can cancel before the 24 hour mark)....that way if it ends lower, I am not obligated to sell..and the buyer isnt obligated to buy. Its like he is saying "I'll buy your bike for $500" and I am saying "I'll sell it for $600". You dont reach an agreement...and you both go opposite directions