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jacking up no reserves
j1r11
Member Posts: 14 ✭✭
Can someone explain to me why people bid on a good deal esp. ones that start at 1 cent 5 or 7 days before it closes? All they do is jack up the prices till the reach retail value. Why not wait till 1 hour before close then go at it, this way chances are you will get alot better price. Also, anyone notice how most of the dealers sell thier guns at what you can buy them for at your local gun shop? This is supposed to be an auction sight, not a retail store, right:?
Comments
To answer your question, this a free country and people are pretty much able to do as they please, as long as it doesn't hurt someone else. Yes, there are a lot of stupid and/or naive bidders out there, but they are almost outnumbered by the stupid and/or naive sellers. Some bidders are just playing games, while others are bottom feeders (looking for bargains). One of the disadvantages of Gunbroker auctions is that, since they don't charge a listing fee, sellers are encouraged to list items at an unrealistically high price, because, even if an item doesn't sell, it doesn't cost them anything. Other sites work differently, but every businessperson has to decide what works best for him.
The bottom line is: If you don't like the way that an auction is going, don't bid.
Neal
Captain Kirk, Tech Staff