Ilwrath Posted:

How-so? Currently, people either bid over the reserve by chance or no one wins and in fact the seller looses money. By showing the reserve it would prevent the case of people bidding (for instance) a mere 2k flezz under the reserve unknowingly.

Also If I’m willing to pay 3 mil flezz for this thing, and I see the reserve is 5 mill then fine I wont bid and have that flezz to bid on something else. Currently I would have 3 mill flez tied in auction for maybe days that even if no one else bids will end up pointless because I didn’t know you wanted 5 mill minimum.

From ebay –

“Why have a reserve price?

Many sellers have found that too high a starting price discourages interest in their item, while an attractively low starting price makes them vulnerable to selling at a price that’s too low. A reserve price helps with this.”

Revealing the reserve price makes it essentially the same as a minimum price – although it’s an okay idea to do that here, to lower the deposit. Personally, I don’t like the concept of reserve price auctions, and I think it would sense for here for an auction with an “x” reserve price to have the same deposit as an “x” minimum price.