QUOTE (kingpins @ Jul 3 2008, 10:27 AM)

I have followed most of the posts on this forum and as with any forum there are those who obviously have a lot of knowledge and those who have none so I am still back to my original question what is a fair price and why?
Because even with a "starting or minimum price I still need to know what it is and by reading this forum there are a lot of people who have the same queries so maybe the forum shoud get a group of "qualified" people to answer these question with some authority and sense
Kingpins,
As you say yourself, "there are those who
obviously have a lot of knowledge and those who have none." If I want to know something, I listen to the people who
obviously have the knowledge I'm looking for.
But I do listen to the others as well. There's something comforting about realising that I'm not the only one who's poking around in the dark.
Speaking of "authority and sense": In most cases, by exercising a bit of sense, you'll recognise authority when you see it.
On the subject of pricing policies in auctions, it stands to reason that differnt sellers have different attitudes to the lots they're selling. If I have some ornament lying around that I have no use for and no interest in, I'll put it in at 1 Euro and see how much I get for it. Might be valuable to a collector of such things, might not. The market decides. And I'm rid of it.
My present situation is totally different. I really want a Crane duet. For that I need money. I have a playable Bandoneon that gets played so seldom that I wouldn't really miss it if it were gone - especially if I had a Crane. But there's no dealer anywhere near me who could do a (part) exchange, so I'm thinking of selling the Bandoneon on ebay. Obviously, I would only part with the Bandoneon if it contributed significantly to my being able to afford a Crane. If it only fetched a pittance, I'd rather keep it (and, not being able to afford a Crane, I would continue to enjoy playing it occasionally) .
To my mind, this is what a reserve price is all about. If my reserve price were not met, at least I would know what the market value of my Bandoneon is, and could rethink the whole thing. A slightly lower reserve might do the trick, or I might decide that buyers' interest is so slight that it's not worth selling it.
If I just put the starting price at the minimum I hope to get, and nobody bids, I've no idea how far I was from a realistic price estimate.
So, for me in this situation, a reserve price is the ideal mechanism.
Cheers,
John