As a total novice in the auction world I find this thread fascinating. :-)
I can understand both points of view and am anxiously awaiting the next
installment. :-)
RayB
http://www.dragtruk.com/ENTRIES/20KM1FD2KWBP.html
> -----Original Message-----
> His starting bid is his reserve. This is so easy but it is so
> funny to see
> some of you so wound up about it...flame!
>
> Rascal
>
> -----Original Message-----
>
> No, they aren't. Although in this particular case, starting the
> auction at $8,800 with no reserve and starting it at $1 with an $8,800
> reserve would have the same *net effect*, the terms "starting bid" and
> "reserve" are two very different things and have been a part of auction
> terminology for hundreds of years before ebay ever sold its first Pez
> dispenser.
>
> Rick, you are correct in saying that since this ebay auction has a
> starting bid of $8,800 the truck won't sell for less than that (it could
> in a "real" auction), but that does not mean that "starting bid" and
> "reserve" are the same thing. These are specific terms that refer to
> different things; they are not the same.
>
> Jon-
This archive was generated by hypermail 2b29 : Fri Feb 06 2004 - 11:46:19 EST