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Question on GB "Buy It Now" pricing
the yooper
Member Posts: 275 ✭✭✭
OK GunBroker experts. How does a Buy It Now auction with a BIN price of $26 get to its current bid of $29 and still going? Here's the auction:
468099535. I thought that when somebody agreed to "BIN" the auction ended. What am I missing?
yooper
468099535. I thought that when somebody agreed to "BIN" the auction ended. What am I missing?
yooper
Comments
Whoever placed the bid didn't hit the BIN button, they just put in a normal bid and cost themselves extra money.
yooper
If someone wants an items with a BIN of $ 1,000.00, but are willing to pay $ 1,200.00 for the item and think they may be able to get it for $ 800.00, they may enter an autobid of $ 1,200.00.
This will take the BIN out of play, and if no one bids to the BIN, the guy that bid $ 1,200.00 will get the item for under the BIN price.
Twer it me, I would hit BIN if I was willing to pay more for the item, but some folks hope to get a little more for less.
Brad Steele