Re: 450 Stearman--opening bid $63k no reserve

Roger Halstead <[EMAIL PROTECTED]> writes:

>>According to the subject line, it's the "opening bid."
>>
>>>It is the reserve.
>>
>>In your world maybe.  Not in eBay.
>>      http://pages.ebay.com/help/buy/buyer-reserve.html

>The only difference is a reserve isn't posted and a minimum bid is.

Yup.  They're different.

>Essentially they are still the same thing.

Except that they're different.  They might have the same effect on
*you* but not on many others.

'course you could say that a Warrior and a 172 are the "same thing"
and a lot of people would probably agree with you.  Doesn't mean
you're right and you'd certainly be out of line if you ripped on
someone who knew better.

>You just know one and have
>to find the other.

>In both cases whey will not sell below that figure.

Actually reserves are a bit more flexible.  At least the seller *can*
choose to sell to someone who bids below the reserve.

I still prefer not dealing with a reserve.  I gather a lot of other
people do too since it's often a prominent feature of an auction.

--kyler