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I am curious
Gene248
Member Posts: 358 ✭
Why do some people on the auction side list their weapons as "No Reserve" and then put a high starting bid? Seems to me that would be setting a "Reserve" on the auction. The auction in question also has a "Buy it Now" price that is exactly where the auction was started. I know some of you guys sell on the auction side so maybe one of you can explain this for me.
Thanks
Thanks
Comments
Most reserve auctions are just guys looking to find what somethings worth and not really interested in selling unless it is greatly overpriced, in my experience.
(like guys walking a gun show with a Rem 870 and they want $200 more then a new one at Dick's, just cause they want to look like they're in the game, but walk with the same gun for years)
If it's got a high price listed to start the auction, at least we know what the guy wants instead of wasting time guessing. If you have a minimum number start at that and if it has value you will get a higher price. If overpriced, you won't get a bid.
+1 on MP.
Most reserve auctions are just guys looking to find what somethings worth and not really interested in selling unless it is greatly overpriced, in my experience.
(like guys walking a gun show with a Rem 870 and they want $200 more then a new one at Dick's, just cause they want to look like they're in the game, but walk with the same gun for years)
If it's got a high price listed to start the auction, at least we know what the guy wants instead of wasting time guessing. If you have a minimum number start at that and if it has value you will get a higher price. If overpriced, you won't get a bid.
+1x2
Hate wasting my time bidding against an unknown reserve. I'm sure I make some guys mad with reserve auctions because while I will look if it is something I want I'll bid a ridiculous low bid instead of watching it. May do it multiple times if they relist it.
And I too have yet to see the logic or heard any reason for having a BIN at the same price or a penny more than the start price. Unless there is some quirk in GB that prevents you from having a straight BIN auction to cater to the instant gratification junkies. I really have not looked into the different listing options available to know if that might be a reason.
I can only speak for myself, I do not open and look at "Reserve" auctions.
+1 X3
No storefront ever has secret prices on their items which they will not reveal to prospective customers who walk in.
If the item for sale has both a reserve price, and a 'buy it now, the 'buy it now' price is often stupidly high, and not far from the reserve price.
A no-reserve auction removes any guesswork, even if the starting price is high, and with a lot of auctions to scan for some items, why waste time on guessing games that go nowhere?
Why do some people on the auction side list their weapons as "No Reserve" and then put a high starting bid? Seems to me that would be setting a "Reserve" on the auction.
Most people understand "No Reserve" to mean "No Hidden Reserve."
quote:The auction in question also has a "Buy it Now" price that is exactly where the auction was started. I know some of you guys sell on the auction side so maybe one of you can explain this for me.
Thanks
This allows a seller to have the option of using GunBroker in a Classified/For Sale format instead of an auction. It's an option that some sellers (and buyers) prefer.
Johnny
I've been gouged by hidden shipping fees! My only real gripe about GunBroker listing page is that if the seller selects "buyer pays actual shipping", the seller can charge whatever he wants.
Best
Gene
Tom