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Whats your experience using reserves?
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 Springing up from the Clink thread - where in a comment @AnkurJ said he only consigns to auctions with a reserve  - it made me want to know the following.

1. If you were a seller who used reserves - What has been yoùr experience? Did it work? If it worked - did the item sell at reserve, but not much more?

2.What did you learn from using it? 

3. What's the best way to use it? How high do you set the reserve? At an amount to cover what you paid? At what you think fmv is? At a percentage of fmv?

Any other insights FROM A SELLERS point of view?  Again - I know how I feel as a buyer when I come up to reserve auctions.. but zero when it comes to selling.

So if you sold stuff using reserves, please share your experience.

 

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