Reserve pricing on figbid-why

It’s always been a turn off for me too. I’ve never seen a buyer who likes it. Usually it’s sellers who defend it. I think some feel it gives something more allure or appeals to the wantsies. It also keeps people clicking on the listing when they would have passed it by if they saw the actual price.
 
If you surf the site enough you have a pretty good idea what the reserve is on some things. Ex. S33 is probably at least 200 for rooted cutting. Aunan 150, Kurme figs 250+. It also leaves the BIN option up until the reserve is met so that the people wishing for something cheap can still leave the BIN open for someone with deep pockets. Pretty soon nothing will be cheap on there because of the spring demand 😂.
 
Standard auction practice.
Items get bid on till buyers are done, then the reserve is checked. Item is sold if reserve is met. Often in live auctions if the reserve isn't met the high bidder is offered the item at the reserve price.
 
DCallahan said:
Standard auction practice.
Items get bid on till buyers are done, then the reserve is checked. Item is sold if reserve is met. Often in live auctions if the reserve isn't met the high bidder is offered the item at the reserve price.
Click to expand...
Not been my experience with figbid. I place a bid from time to time not realizing its a reserve one or interested but cautious, put my max bid. Its never met. The reserve isnt met. The auction ends. Not reached out to
 
Yea I mean you gotta put the max your willing to pay. Personally I wait til 3 seconds left to do that most of the time 😂
 
I've used reserve prices to preserve the buy it now feature until it is met. Rarer varieties typically have higher reserves but I also like to start the auction at a reasonable set price without reserves so it sells in round 1. I also will openly share the reserve price if asked ;)
 
Well I understand if it’s a new variety. I don’t agree because I like sharing what I have because a few people have been so kind to me on the fig world.
But, with that said I saw on fig bid a person who makes lots of videos on you tube wanted like $100 dollars for 3 cuttings of peters honey. I’m no expert but I haven’t seen that kind of mark up on a regular basis.
 
Coolwater77 said:
Well I understand if it’s a new variety. I don’t agree because I like sharing what I have because a few people have been so kind to me on the fig world.
But, with that said I saw on fig bid a person who makes lots of videos on you tube wanted like $100 dollars for 3 cuttings of peters honey. I’m no expert but I haven’t seen that kind of mark up on a regular basis.
Click to expand...
The guy I believe you are referring to never started his AUCTIONS above $30 for 3 cuttings.

And isn't it the point of the OP here, that a seller for some reason, shouldn't have a low or $0 starting bid if they actually want a higher amount.

Maybe straight retail sites would suit some buyers better.
 
I really don't see the issue. If it has a reserve, I normally pass it by. As should others that are not comfortable with it.
Personally, I don't like bidding to win just to find out I have not met the reserve price. But others will bid and bid until they hit that number to get the fig they want. It is all part of auctions and sales.
 
DCallahan said:
The guy I believe you are referring to never started his AUCTIONS above $30 for 3 cuttings.

And isn't it the point of the OP here, that a seller for some reason, shouldn't have a low or $0 starting bid if they actually want a higher amount.

Maybe straight retail sites would suit some buyers better.
Click to expand...
Dan I stand corrected. Yes it was a bid auction that went to $205 for 3 cuttings. If someone wants to pay that, more power to them. This hobby is what you make of it.
 
snarfing said:
For those of you who start the lowest bid well below the reserve pricing, why do you do it? Its such a turn off for me to see reserve not met. I hate the guessing game. Just start the bidding at your lowest acceptable price, imo.
Click to expand...
Funny you ask this as it is a good question. The Figbid system will not let you post if your starting bid is set at your reserve price. So let’s say you as a seller have $100 reserve your starting bid can’t be more than $99. Also aside from that if you start off a bid at the hight price like let’s say $99 for a tree that has a $100 reserve believe it or not you will get less people that bid on the item as opposed to starting the bid off at $50. That has been what I have experienced personally so that is why I set my starting bid well believe my reserve. Simply you can set your max bid and see if reserve is met or you can bid in increments of a $1 if you wish to see if you hit that reserve. Most reserves are there because a seller simply does not want to let that tree or cutting go for anything less than what they think it is worth. Sometimes sellers also add buy it now price and usually for me as a seller when I set that buy it now price I set it because I personally feel that item should not sell for more than that amount I have set as buy it now. Maybe buyers get lucky and they can get it for the in between the reserve and the buy it now price or sometimes you get buyers that do not want to wait for the 3-10 day auction to end and get into a bidding battle so they just hit the buy it now and the item ships to that person sooner than it would have if they went along with the full auction length.
 
I totally respect that any seller has a minimum price that they are willing to accept for their tree. What I don't get is why a bid can be less than the reserve price. It doesn't really make sense to me why any system wouldn't just say, "you bid doesn't meet the reserve"

I'm surprised they don't do "soft closes". It seems to be standard procedure on auctions for capital goods
 
You must log in or register to reply here.
Back
Top