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No reserve......then start the bid high????
MtnOak
Member Posts: 10 ✭
New here, love this site and purchased a few guns on it but what’s with half the folks putting a firearm up for sale advertised “no reserve” then start the bid high???
we all know it’s the owner doing that 99% of the time and actually keeps people from bidding on the item, just put a reserve on the item or a buy now price and let it do its thing..........my 2 cents.........
What do you guys think about it?????
This discussion has been closed.
Comments
Not my auction, he can do what he wants. Don
Free market, you don't like the auction, don't bid on it... welcome to the forums.
I prefer an auction where the seller states his minimum price to one where he or she hides it with a reserve.
Penny and no reserve are popular and seem to do well most of the time, but for a reasonably high dollar item that may be something with which most are not familiar, a reasonable minimum first bid is the most open way to do it.
IMO, of course.
Don
Brad Steele
Does it not totally contradict what’s being advertised as “no reserve” ? I’d say it does...
IMO, reserve auctions are not for me. I would rather just start at 1.00 and let it run. That works on most things BUT not all, depends on what it is and other factors. After you have been here couple decades you can see how things work. Evidently some sellers start it at the price they want and let it go, no issue for me, buy or not. IMO IMO IMO
If you want to get hung up on semantics, I guess I can see your point, but a hidden reserve and an open minimum bid are two very different animals.
Brad Steele
There is no hidden reserve price. There is a starting price.
As stated, if you don't like it just move on.
It's called "marketing". Some folks even get a college degree in marketing. And, half the time being cute does the seller more harm than good.
I try not to overthink it.
Neal
not at all, on a reserve auction the reserve price is hidden until it's reached, where as with a non reserve the starting bid is just that, where the auction starts from , I always look for non reserve auctions first because I don't like to screw around trying to figure out what some one wants for their item,,
as for starting the auction with what you call high bid , lots of small sellers can't afford to take the chance of starting out low or penny start like some of the big sellers do
Not really getting hung up on semantics but it’s one of the first conversations that starts amongst friends that I discuss the auctions with, I do agree it’s the owners auction do what ever, but just seems off to use that kind of advertising for an item.
With the options that gunbroker gives the seller it seems to contradict....
Using your logic, in order to be a true "no reserve" auction the bidding must start at zero. If someone bids zero, and there are no other bidders, the item is sold for zero dollars.
You need to look at it this way. The "reserve" in an auction applies to the seller. In a reserve auction, the seller reserves the right to not have to sell the item unless their minimum price has been met. In a no reserve auction, the seller reserves no right to sell or not sell the item regardless of the final bid.
Simple.
I guess my point is, we see item after item advertised no reserve then (the owner) starts off the starting bid at a price that not a single bid comes after that until time runs out on the item, in other words they started the bid too high on the item when that is the actual price they wanted for the item which is actually a reserve.
We talk about this at work every day as most of us are members on gunbroker, someone will pull up the site looking and I always hear “here’s another gun advertised no reserve but they started it off with a reserve price on it”
There are 7 of us in my department at work and we all agree it’s contradicting when we see this on an auction.
And you would all be wrong.
Not Don
A totally unrelated question.
Does anyone know how to write the sound of a little girl crying?????
WAAAAH WAAAAHHHHAAWAHHH WAAAHHHAAHHH
I’m not a fan of reserve auctions either but I just don’t bid on them
A picture is worth 1,000 words:
So you and the six others in your department have obviously never been to a live auction, or you would know the difference between a reserve, and an opening bid. They are not the same.
When a seller has a starting price to high and doesn't get bids that is a free market working. Myself i do not even look at auction with hidden reserves, that's not a game I play. Some people do not mind hidden reserves, that is their choice. If I sold I would start the item off at the minimum I was willing to accept as I would not be a large volume seller.
Lol!!......love the crying comments, gotta love when a simple question strikes a nerve in some folks!!
I got your
Nope, I just got out of prison and I don't plan on going back. The guards were ugly and the food sucked.
The forums and the auctions are completely removed from each other. If the magnificent seven in your department at work have suggestions on how you feel that the auctions and the bidding should be handled, contact GB customer service.
You're straddling a thin line between being mildly amusing and downright irritating. I'm closing the thread so that you can quit while you're ahead. Mark C.