Originally Posted by nlerner
I've never quite understood the point of the reserve system, but now I'm thinking of selling one of my bikes on eBay and don't want to let it go unless bidding meets a certain amount (i.e., a reserve price). I suppose the seller will see the highest bids and get an idea of the market for what's being sold. So advantage goes to seller, not buyer in this case.
Neal
1. eBay charges different fees depending on what the starting bid is, and whether you have a Reserve price, or not.
2. It is quite common for folks to lower their Reserve price if they really want to sell it and get the feeling the Reserve won't be reached.