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

BDS,

One more idea: One might say, in a reserve auction, that the seller is actually helping the buyer to determine what the value of the item is. This would clearly be a service to the buyer, since without the seller's help the buyer might think it was worth less, which would mean the buyer wouldn't be as happy with the item, since the cost of something often relates to the enjoyment.

(I sometimes get like this - sorry). Big Grin
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