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Auction hidden reserve prices - no longer allowed


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  • Founder & Administrator

We have taken the decision to not allow hidden reserves in a listing. There were only 2 or 3 members using a hidden reserve and I was looking at ways to improve this system. However, it is only recently that hidden reserves have been placed on listings, for the previous 6 years no hidden reserves were set by members and the trade section continued to grow with little or no intervention from Moderators or Administration. 

I have decided that this aspect is not beneficial for the Moderation/Administration team to spend any time on taking hidden reserves and validating if needed. We wish to keep the trade section simple.

To keep things simple, if you wish to list an auction but have a minimum price you wish to attain; please start your auction listing at the minimum price you are willing to accept.

Alternatively you may wish to list a ‘for sale’ listing, with a higher listing price and invite offers on your item.

Note that for transparency you may not set a hidden reserve on an auction listing.  

Any listing that states it has a hidden reserve will be closed by moderation/admin and asked to re-list the auction without a reserve or to change the format to apply with the rules, e.g. to a for sale listing. This is irrespective of if the auction has bids or not, unless Administration decides otherwise.

As with all topics/posts in the Forum News & Updates, Rules & Guidelines section this topic is posted as an announcement topic and is not an invitation for discussion, topics started to try to discuss this rule or to try to change our decision will be removed.  

My posts are my personal opinions, they do not constitute advice or financial advice.

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