Reserve?!?

kinkarso · 12-08-2005, 07:29 PM

Really n00b question... What is a reserve in a domain auction?

Troubled1 · 12-08-2005, 07:39 PM

Reserve is an amount the owner sets as the minimum at which he is willing to sell. For example... if a domain owner decides he wants at least $100 for a domain he sets his reserve price at $100. I hope this helps.

kinkarso · 12-10-2005, 10:09 AM

Yes, this helps a lot thanks a lot! Rep added

**Jennifer** · 12-10-2005, 10:43 AM

Reserves don't really work in forum auction settings IMHO...

If you set the starting bid at $1.00 and then you say the reserve is $50.00... none of the bids before $50 matter, so the starting bid is really $50.00...

If you start your auction at $1.00 and say the reserve will be revealed when reached... then you could make the reserve anything you wanted with no one governing your reserve price... and that's not fair to anyone..

It works at venues like eBay because it can't be cheated... and the bidder feels confident that at least if the reserve is met, they will win the auction and is not being milked for higher bids.

my .02 on reserves in forum auction

Jennifer

12-08-2005, 07:29 PM	#1 (permalink)
kinkarso Respect My Authority! Join Date: Jul 2005 Location: Canada Posts: 2,195 35.54 NP$ (Donate)	Reserve?!? Really n00b question... What is a reserve in a domain auction? __________________ Kinkarso Tech Limited - Network Websites (Featured): \|\|Gaming Forum\|\|&\|\|Hosting for Webmasters\|\|

12-10-2005, 10:09 AM	#3 (permalink)
kinkarso Respect My Authority! Join Date: Jul 2005 Location: Canada Posts: 2,195 35.54 NP$ (Donate)	Yes, this helps a lot thanks a lot! Rep added __________________ Kinkarso Tech Limited - Network Websites (Featured): \|\|Gaming Forum\|\|&\|\|Hosting for Webmasters\|\|

12-10-2005, 10:43 AM	#4 (permalink)
Jennifer Genuine Logophile Member Services Join Date: Aug 2003 Location: Northern California Posts: 6,844 2,578.96 NP$ (Donate)	Reserves don't really work in forum auction settings IMHO... If you set the starting bid at $1.00 and then you say the reserve is $50.00... none of the bids before $50 matter, so the starting bid is really $50.00... If you start your auction at $1.00 and say the reserve will be revealed when reached... then you could make the reserve anything you wanted with no one governing your reserve price... and that's not fair to anyone.. It works at venues like eBay because it can't be cheated... and the bidder feels confident that at least if the reserve is met, they will win the auction and is not being milked for higher bids. my .02 on reserves in forum auction Jennifer __________________ Check out the new Domain Name Bargain Bin right here at NamePros.com! DomainBash.com - Domain names for sale! Soup \| Salad \| Bruschetta \| Cocktails \| Pizza \| Dessert

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12-08-2005, 07:39 PM	#2 (permalink)
Troubled1 NamePros Regular Join Date: Oct 2005 Location: Texas Posts: 306 224.20 NP$ (Donate)	Reserve is an amount the owner sets as the minimum at which he is willing to sell. For example... if a domain owner decides he wants at least $100 for a domain he sets his reserve price at $100. I hope this helps.

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