Reply to "Why keep the reserve a secret??"

bigsteveMember

Hello -- !!

So RSM, if "putting on a reserve and revealing it is pointless" what exactly is the point of putting a reserve and NOT revealing it??

You put the reserve so you don't take a loss (or a bath) as financial "insurance" but keeping the reserve amount a secret you gain... what??

If anything, the secret reserve (or any reserve for that matter) will cost you in the long run because it will drive away traffic, and you want lots of traffic in hopes a war will break out. The secret reserve just makes matters worse.

Yes, there is a difference between an auction and a store, but every potential buyer (anywhere) wants to know the answers to the quesstions "is it worth it?" and "can I afford it?"

Sell the way you want to, and be happy !!

Thank you and best wishes,
B

9/18/0312:39 PM

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