Is it wrong to say..... - The 1947 - Present Chevrolet & GMC Truck Message Board Network

72gmcshorty · 04-15-2003, 02:19 PM

When people proclaim to have a truck on Ebay with "NO Reserve" and then have an initial bidding price of $XXXX dollars, isn't that contradicting yourself? I thought no reserve meant the item could sell at any dollar amount. Any opinions?

Solarus1981 · 04-15-2003, 02:23 PM

Yes and no, no reserve meens it *will* sell, no matter what. (if there is a bid), a reserve meens it might sell, if the price is right. The opening bid is what the seller wants to start the bidding at, i.e. the lowest possible amount s/he will accept for it.

with the inital price being XXXXX, the person is being upfront with you and saying, I want at least this much, with a hiddent reserve, the seller is saying, "will you pay the amount I think it's worth?"

Blue Beard · 04-15-2003, 02:25 PM

Agree with Solarus1981, the price he is showing is where he wants the bidding to begin................

Reserve could be any amount and when the reserve was met, that statement would change to: Reserve Met.

04-15-2003, 02:19 PM	#1
72gmcshorty Registered User Join Date: Jul 2001 Location: North Delta, British Columbia Posts: 1,344	Is it wrong to say..... When people proclaim to have a truck on Ebay with "NO Reserve" and then have an initial bidding price of $XXXX dollars, isn't that contradicting yourself? I thought no reserve meant the item could sell at any dollar amount. Any opinions? __________________ 1992 Gmc 2wd 1972 Chevy Blazer 2wd

04-15-2003, 02:23 PM	#2
Solarus1981 Registered User Join Date: Apr 2003 Location: Federal Way, wa Posts: 84	Yes and no, no reserve meens it will sell, no matter what. (if there is a bid), a reserve meens it might sell, if the price is right. The opening bid is what the seller wants to start the bidding at, i.e. the lowest possible amount s/he will accept for it. with the inital price being XXXXX, the person is being upfront with you and saying, I want at least this much, with a hiddent reserve, the seller is saying, "will you pay the amount I think it's worth?" __________________ '67 LWB C-10, 406 cid th350, dunno what rear end Looking to rent a house in Puget Sound area, anyone have one?

04-15-2003, 02:25 PM	#3
Blue Beard Registered User Join Date: Jan 2003 Location: Washington State Posts: 8,834	Agree with Solarus1981, the price he is showing is where he wants the bidding to begin................ Reserve could be any amount and when the reserve was met, that statement would change to: Reserve Met. __________________ 1970 Chev CST 2003 Harley Fatboy 1975 Chevrolet Step Van 1956 Chev Bel Air 1977 Blazer 2WD For Sale $3000.00 1978 Blazer 2WD For Sale $7000.00 1978 Silverado 2005 Monte Carlo



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