At 06:21 PM -0600 01/18/05, Benn wrote: >On Jan 18, 2005, at 11:49 AM, Rod Duncan wrote: >>I'm confused. What gamble? Put a reserve price on it and let the >>bidding begin. You don't ship until you have the money. The real >>gamble is always on the purchaser's end. When buying, we always do >>it blind. The vendor holds all the cards. Maybe I am missing your >>point. > >First of all, thank you all for your responses. > >As for eBay, it is my impression and experience in selling that >reserves often scare off potential buyers, as they are unsure of >what price they will need to bid in order to get the machine if they >win the auction. And, selling without a reserve, well, that's quite >a gamble I think. >I am also hesitant because of the fees eBay charges (even though >they are minimal) and the cut they take. I'd feel better through a >private sale. Perhaps I'm being unreasonable though. On 'study' I read about, found that starting with a low, or no, reserve usually gave better results (higher final price) than starting with a more moderate reserve. They suggested to start the bidding at $1 and with no reserve seemed to give a better final price. Certainly people are more likely to bid on something that isn't already set high. erik g