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Technology Stocks : eBay - Superb Internet Business Model -- Ignore unavailable to you. Want to Upgrade?

To: Doug Fowler who wrote (4962)	8/20/1999 4:59:00 AM
From: JP Jouver	Read Replies (3) \| Respond to of 7772

Ebay just changed their Reserve Price Auction rules. Now, starting bids for reserve auctions have to be set at 25% or higher of the reserve price. Also, just using the reserve option will incur an extra charge of $1.00 for the seller. I think this will bring in a lot more revenue for Ebay. I've noticed that a popular practice nowadays is to set a ridiculously high reserve, see how high people bid, then offer the highest bidder the item via e-mail after the auction closes (thereby preventing Ebay from getting their percentage). I've been offered a couple of items this way myself. Jape