Feb 24, 2008 Why you should not use a reserve on your ebay auction

eBay along with many other auction services have a so-called feature that allows you to place a reserve on your auction, for a nominal fee, of course. If you don't know what an auction reserve is, it allows you to list an auction starting at a low price and basically if the auction does not get bid to at a certain set price, then the whole thing is void and nobody wins, wasting everybody's time involved. I absolutely despise this concept. Let me explain why.