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Originally Posted by negative1
yeah, but if the price hasn't hit the reserve,
and you bid at that price, you can still get
outbid... so that doesn't gain you anything..
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Sure it does. It lets you know the absolute minimum amount you would have to bid in order to win the item. I've seen items where the seller has set an unrealistic reserve, and knowing that ahead of time, I can delete the item from my Watch List and wait for a more reasonable auction to come along.
Assuming the reserve is reasonable, I can determine how high above that I am willing to pay, place my final (and only) bid at the last second, and again, avoid any bidding wars with people who like to bid throughout the auction, thus, hopefully keeping the final price at a minimum above the reserve price.