Strangest GB auction I have ever seen....


PDA






dogtown tom
April 10, 2012, 12:20 AM
23 bids and he's still winning:D......http://www.gunbroker.com/Auction/ViewItem.aspx?Item=281514436

If you enjoyed reading about "Strangest GB auction I have ever seen...." here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!
303tom
April 10, 2012, 01:09 AM
If it stays that way I am going to bid on it............

FIVETWOSEVEN
April 10, 2012, 01:11 AM
Oh man, crap is getting real here. The bid is now at 50 dollars! :eek:

medalguy
April 10, 2012, 01:30 AM
Hey, he's just trying to get it at the lowest possible price. :neener: :D


I may bid too. Just what I need.

Rail Driver
April 10, 2012, 01:42 AM
12 days left, it's going to go much higher. If it's still under $100 at the end I'll bid.

45bthompson
April 10, 2012, 01:43 AM
I bumped it up a couple bucks. I didn't want to go too high and ruin your thread!

45bthompson
April 10, 2012, 01:45 AM
I was glad to see that the sellers location wasn't Plano TX.

303tom
April 10, 2012, 10:11 AM
Its up over 300.00 now...................

GCMkc
April 10, 2012, 10:34 AM
Its up over 300.00 now...................

with 12 days left...

Ryanxia
April 10, 2012, 10:37 AM
Pretty daring to put it up for 0.01 without a reserve. Looks like it will pay off for him though.

chevyman097
April 10, 2012, 10:46 AM
I'm confused. Why is that so strange? I've seen lots of auctions start like that. Gets lots of people interested and into a bidding frenzy.

DammitBoy
April 10, 2012, 11:01 AM
I wish they had a couple of pictures of the rifle to look at...

4v50 Gary
April 10, 2012, 11:06 AM
It's $305 now

dogtown tom
April 10, 2012, 11:19 AM
chevyman097 I'm confused. Why is that so strange? I've seen lots of auctions start like that. Gets lots of people interested and into a bidding frenzy.

Look at the bids. The first bidder made 23 bids, one right after the other.

Not many auctions with 23 bids and still $0.01

chevyman097
April 10, 2012, 11:21 AM
Oh. I guess I missed that part.

FIVETWOSEVEN
April 10, 2012, 12:29 PM
It's $305 now

It's all fun and games until someone comes along and is actually serious about the auction. :D

InkEd
April 10, 2012, 12:50 PM
$350 with TWELVE days left. Most people don't even bid until the last 2 days.

Jorg Nysgerrig
April 10, 2012, 03:23 PM
Pretty daring to put it up for 0.01 without a reserve
Maybe if he was putting up a 4 hour auction in the middle of the night. There are enough people scouring gunbroker for deals that any lowball auction is going to approach market price long before the bidding ends, especially with a 13 day auction.

HGM22
April 10, 2012, 03:35 PM
Also, you can filter out reserve price items using Gunbroker's search feature. Which means you might be losing potential customers if you have a reserve.

I think for anything fairly common and not too obscure having no reserve is just fine (granted the auction goes for at least a few days).

It is weird though; the guy outbid himself (23 times no less)? Must be very forgetful.

timhernandez
April 10, 2012, 03:39 PM
As I have that rifle's identical twin in my safe, interested to see where it goes.

rcmodel
April 10, 2012, 03:45 PM
Pretty daring to put it up for 0.01 without a reserve.Not strange at all.
When I used to sell on eBay I started many auctions at .01 cent with no reserve.
Auctions always rise to the highest value of the item or more, regardless of where you start it.

The first bidder made 23 bids, one right after the other.Robo-bid software.

http://www.bidderrobot.com/

rc

Jorg Nysgerrig
April 10, 2012, 03:52 PM
Robo-bid software.
Maybe, although the timing is a bit weird for that. It almost makes me wonder if he kept submitting and the bid was timing out on his browser but going through to GB and he just hit refresh each time.

wgsigs
April 10, 2012, 04:07 PM
He also could have been increasing his maximum bid incrementally rather than all at once. I did that once. Decided to increase my max bid and it showed me bidding twice, but the Current Bid amount did not change.

Jorg Nysgerrig
April 10, 2012, 04:09 PM
I guess we'll find out in 12 days!

heron
April 11, 2012, 01:00 PM
Maybe a little off topic, but why are all the markings on the gun in English? Are these made for export?

303tom
April 11, 2012, 01:07 PM
Yes it is a Chinese Import...............

shotgunjoel
April 11, 2012, 01:08 PM
Maybe a little off topic, but why are all the markings on the gun in English? Are these made for export?
Yes, from the 80's until 1994 Norinco imported guns by the boatload. Also, most of those markings are required for the guns to be imported under US law. If you're interested, read the wikipedia article on Norinco, especially the section about their issues with the US.

DoubleTapDrew
April 11, 2012, 01:42 PM
It is weird though; the guy outbid himself (23 times no less)? Must be very forgetful.
BG uses proxy bidding like Ebay does. You put in your maximum and it'll incrementally increase the bid on your behalf each time someone else bids to keep you the high bidder, up to your maximum. So it looks like you are bidding against yourself, but really someone else is bidding against you but they didn't bid enough to put them on top so you show up as placing another bid (it's really GB doing it automatically for you).

dogtown tom
April 11, 2012, 01:45 PM
DoubleTapDrew Quote:
It is weird though; the guy outbid himself (23 times no less)? Must be very forgetful.
BG uses proxy bidding like Ebay does. You put in your maximum and it'll incrementally increase the bid on your behalf each time someone else bids to keep you the high bidder, up to your maximum. So it looks like you are bidding against yourself, but really someone else is bidding against you but they didn't bid enough to put them on top so you show up as placing another bid (it's really GB doing it automatically for you).

Look at the first 23 bids..........all by the same bidder. GunBrokers proxy bid had nothing to do with it.

In less than six minutes, from 11:06:42 PM EST until 11:12:08 PM on 4/9/2012 he bid 23 times. :scrutiny:

DoubleTapDrew
April 11, 2012, 03:28 PM
It only shows the high bidder in the list. If I put in a max bid of $300 and it starts out at $100, then you put in a bid of $105, it'll show me as bidding again at $105.50 (or whatever the increment is), then you bid $150 and it'll show me as bidding $150.50, then you bid $175, it auto-bids me again, at $175.50. It only shows the high bidder so the bid history will look like:
DTD $100
DTD $150.50
DTD $175.50
and on and on until you go up over my max of $300. Although it won't show the amounts, just an asterisk. Otherwise if the other person knew what they had to bid to get on top as the high bidder they'd do that or give up and not bid if it wasn't worth it to them, which would be great for the buyer but suck for the sellers. Because in the above example I could put in a maximum of $5000 for an AK and nobody would bid against me since it's not worth that so I end up getting it for $100.

Jorg Nysgerrig
April 11, 2012, 04:00 PM
DoubleTapDrew, when the auction was new and there was only one bidder it showed 23 bids by the same person and no one else and the price was still at $.01.

DoubleTapDrew
April 11, 2012, 07:23 PM
Oops sorry, I didn't see it from the beginning and that the price didn't go up.
It's over $600 now with 11 days left :uhoh:

J_L_A
April 11, 2012, 08:31 PM
I wish they had a couple of pictures of the rifle to look at...

:D I lol'd

DammitBoy
April 11, 2012, 08:54 PM
You're welcome JLA! lol

doc2rn
April 13, 2012, 02:45 AM
Pics are up for ya! And its gotten to be a little overpriced at $600+ with 9 days to go.

evan price
April 14, 2012, 01:37 PM
I never understood why MAK-90s are so in demand. Sure they are better than WASRs but it's still just a thumbhole AK.

Remllez
April 14, 2012, 02:57 PM
Pleas delete

Legionnaire
April 14, 2012, 03:27 PM
DoubleTapDrew, when the auction was new and there was only one bidder it showed 23 bids by the same person and no one else and the price was still at $.01.

That probably indicates the the first bidder raised his own maximum bid 23 times before someone else jumped in. I have placed initial bids, then decided I should have bid higher and bid again immediately. The bid amount doesn't change, but the bid count does.

If you enjoyed reading about "Strangest GB auction I have ever seen...." here in TheHighRoad.org archive, you'll LOVE our community. Come join TheHighRoad.org today for the full version!