In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.

reserve auctions

geeguygeeguy Member Posts: 1,047 ✭
edited May 2010 in Ask the Experts
I have been on GB for many years and make a few purchases, but I really don't understand "why" someone has a reserve auction. There's no listing fees here, so the only reason I can think of is that someone really doesn't want to sell the gun, just find the true value.

If they already have a minimum they'll sell for, then why not list it as starting price? I tend to not look at the $2000 guns that start at $100 with a reserve because I don't want to "follow them", yet I might have bid on them with a realistic anticipation of winning the auction (and realistic starting price, not $100 for a $2K value)

What am I missing? Someone enlighten me that uses this method.
· Share on FacebookShare on Twitter

Comments

  • hslaterprycehslaterpryce Member Posts: 927 ✭✭✭✭
    edited November -1
    I think that you have hit the proverbial nail right on the head! Start at a fair price, or as in my case when I list, either $.99 or about 1/2 of what I think that the item is worth. Many here will not even look at "Reserve" auctions ffor the same reasons you mentioned. But "it is what it is......"
    · Share on FacebookShare on Twitter
  • GuvamintCheeseGuvamintCheese Member Posts: 38,932 ✭
    edited November -1
    I like it when the say "don't ask what the reserve is". Its a foolish game.
    · Share on FacebookShare on Twitter
  • Spider7115Spider7115 Member Posts: 29,704 ✭✭✭
    edited November -1
    Trying to convince sellers not to use reserve auctions is like trying to tell liberals to respect the 2nd Amendment.

    It's a lost cause. [:(]
    · Share on FacebookShare on Twitter
  • rufe-snowrufe-snow Member Posts: 18,650 ✭✭✭
    edited November -1
    No rocket science involved here. This is their personal property, if they want to set a reserve on it, so it don't get stolen, that's there prerogative. If you don't like reserve auctions and won't bid on them, that's your prerogative. Whining about it on the experts forum, ain't going to make a bit of difference.
    · Share on FacebookShare on Twitter
  • GuvamintCheeseGuvamintCheese Member Posts: 38,932 ✭
    edited November -1
    quote:Originally posted by rufe-snow
    No rocket science involved here. This is their personal property, if they want to set a reserve on it, so it don't get stolen, that's there prerogative. If you don't like reserve auctions and won't bid on them, that's your prerogative. Whining about it on the experts forum, ain't going to make a bit of difference.
    Seems the only one whining is you. If you dont want the gun stolen set the price where you want it to start, get it?
    · Share on FacebookShare on Twitter
  • Bert H.Bert H. Member Posts: 11,281 ✭✭✭
    edited November -1
    This topic does not belong on the Ask The Experts forum... it is a GD topic.

    WACA Historian & Life Member

    · Share on FacebookShare on Twitter
  • nunnnunn Forums Admins, Member, Moderator Posts: 36,085 ******
    edited November -1
    Not to be disagreeable, but it doesn't belong on General Discussion either. This topic has been discussed many times. Do a search.
    · Share on FacebookShare on Twitter
Sign In or Register to comment.