gunbroker question (no reserve)


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Combatops1911
November 15, 2009, 08:41 PM
If a seller has listed a weapon and there is "No Reserve" price set, is he/she required to sell the weapon? The buy now is out of my price range but there is no reserve price... Just wondering?

Thanks

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Gelgoog
November 15, 2009, 08:50 PM
short answer...yes.

Combatops1911
November 15, 2009, 08:52 PM
Thats what I was thinking but I'm sure he/she wouldn't sell - I'd have to go get a law degree and file a lawsuit to get it huh? haha...

R.W.Dale
November 15, 2009, 08:55 PM
Thats what I was thinking but I'm sure he/she wouldn't sell - I'd have to go get a law degree and file a lawsuit to get it huh? haha...

Not necessarily, if it's that sweet a deal you can bet you're bottom dollar that they'll be lots of other deal hounds bidding. I've personally started guns at $1 no reserve and I haven't been burned yet;)

Gelgoog
November 15, 2009, 09:04 PM
a lawsuit? well by that point you will have paid more to a lawyer and lost more money taking time off work that it is not going to be worth it.

second I am not sure how much of a binding contract gunbroker is. If money has not exchanged hands then I am not sure if interstate commerce laws were broken. you can file with gunbroker to have him kicked off. Even then it may not happen, if he does alot of transactions on GB and you have only a few or even none, they will probably see him as a cash cow not worthy of kicking off. Unless someone commits an act of fraud( IE taking your money and not sending you the merchandise) then I do not think it is very easy to get to them.

honestly if a seller knows what he is doing with penny auctions, he will not take a huge loss on an item. For instance. If I were to put something up for $1 and its worth $1000 and I only get a bid for say $100, then I would make sure that I was the winning bidder because it is easier to pay gunbroker the fees and resale it again then let someone walk away with a $900 steal. Penny auctions get so much attention that they rarely end up being a sweet deal in the end. People go crazy over the idea that it started so low and then they get super competitive to win the auction on mere principle.

Rshooter
November 15, 2009, 09:08 PM
I was actually able to pick up a nice rifle for a song that way. It was listed as no reserve with a starting price and had only a fishing bid prior to mine. I was most surprised when I checked the day after bidding closed and no one else had bid on the rifle. I almost felt bad for paying so little for the rifle.

Gelgoog
November 15, 2009, 09:33 PM
that often happens to new sellers.

dirtyjim
November 15, 2009, 09:59 PM
i've got several very good deals on rifes that i know the person listing them took a beating on but they set the starting price not me. last week i got a rifle for right at half the going rate.
i've also had a couple of people cancel no reserve auctions that i was bidding on & that automatically makes you the winner.

desidog
November 15, 2009, 10:24 PM
i've also had a couple of people cancel no reserve auctions that i was bidding on & that automatically makes you the winner.

Eh? If the auction is cancelled; what did you win?

So the dude who bid 134+ million on SaxonPig's bullet - he's a winner alright.....

CZguy
November 15, 2009, 10:36 PM
Not necessarily, if it's that sweet a deal you can bet you're bottom dollar that they'll be lots of other deal hounds bidding. I've personally started guns at $1 no reserve and I haven't been burned yet

Yep, me too.

RP88
November 15, 2009, 10:40 PM
They have to sell if they want to stay on gunbroker, not incur additional fees or complaints that will damage their reputation, etc.

I've yet to see a super-sweet deal. I've found plenty reasonable ones for a bit less than the going rate and such, but nothing like, say, a $1k gun for only $200. Almost every NR auction I see either starts very close to the BuyNow or whatever they will take as the absolute minimum (starting bid at like $300 on a 0.01 auction), has a reserve, or is a milsurp that will most certainly shoot up to around its going price in a day.

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