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Why do people bid above the *Buy it Now* price

Dondo7Dondo7 Member Posts: 98
edited July 2015 in General Discussion
Are these the same people that voted for Obama?
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Comments

  • spasmcreekspasmcreek Member Posts: 37,717 ✭✭✭
    edited November -1
    nooooo...maybe it still is a buy or by god they want it and didn't get in the bin price..and the 15 minute rule works for me
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  • shilowarshilowar Member Posts: 38,811 ✭✭✭
    edited November -1
    Once a bid meets the reserve price then the BIN goes away. A lot of folks don't realize that and probably bid it too close the BIN and then it disappears and a bidding war starts.
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  • fordsixfordsix Member Posts: 8,554 ✭✭
    edited November -1
    every one wants a deal
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  • fideaufideau Member Posts: 11,895 ✭✭✭
    edited November -1
    Dodo birds could not fly, but they had wings. [;)]
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  • select-fireselect-fire Member Posts: 69,516 ✭✭✭✭
    edited November -1
    Because they can
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  • chiefrchiefr Member Posts: 14,115 ✭✭✭✭
    edited November -1
    quote:Originally posted by spasmcreek
    nooooo...maybe it still is a buy or by god they want it and didn't get in the bin price..and the 15 minute rule works for me




    Nailed it
    I have used the BIN option a number of times.
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  • gruntledgruntled Member Posts: 8,218 ✭✭
    edited November -1
    I've been to auctions when gun stores were going out of business &
    watched almost all the guns go for more than the regular retail price.
    There's not much of a cure for stupid. That's the biggest problem with democracy.
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  • cbxjeffcbxjeff Member Posts: 17,633 ✭✭✭✭
    edited November -1
    GB is a little different but yes, the 15 minute rule enters into it. On a brand X auction a couple of years ago I listed a Corvette for sale with a BIN of like $17K. I started it with about $12K. Once a bid was placed this auction's policy is to remove the BIN. As the bids came in and the price rose I had folks offering what they new was the BIN even though that was no longer an option. Man did they get mad when I said sorry. It ended up selling for about $23K.
    It's too late for me, save yourself.
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  • Horse Plains DrifterHorse Plains Drifter Forums Admins, Member, Moderator Posts: 40,222 ***** Forums Admin
    edited November -1
    quote:Originally posted by fideau
    Dodo birds could not fly, but they had wings. [;)]
    [;)]
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  • OakieOakie Member Posts: 40,565 ✭✭✭✭
    edited November -1
    I have had people bid over the BIN price on almost every gun I put up on different sites. I won't complain. I think they get into that, I can't lose mentality, and will bid whatever it takes to win. Kinda like addictive gambling.
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