eBay - Superb Internet Business Model Message Board

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Technology Stocks : eBay - Superb Internet Business Model

EBAY 84.43

-3.8%

3:59 PM EST

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To: JP Jouver who wrote (4963)	8/20/1999 5:13:00 PM
From: Doug Fowler	Read Replies (2) of 7772

Yes, I think this is a very good move on eBay's part. I HATE reserve auctions, and yet the way the system works, you are almost forced to use them on eBay. I have always thought they should charge these people MORE for running reserve auctions. I also think eBay should make the sellers reveal what their reserve is. I guess we'll have a rough idea, and at least know that the reserve is 4x or less the starting price. And yes, there are an awful lot of sellers who set ridiculously high reserves, and then try to sell to the high bidder after the auction closes, avoiding the commission altogether. At least eBay will get more money out of these people in the future. I would have liked to see eBay eliminate reserve auctions altogether, but this is a step in the right direction.

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