lionking
Member
- Joined
- Jul 6, 2006
- Messages
- 3,107
quote " (And if someone actually does bid the $2000 , doesn't that establish that it was worth at least that amount and maybe more?)
Why is it that it seems to be only "buyers" that are vocal complainers about auction prices? I don't see many complaints from sellers about the cheapskates that haunt the auction sites.)"
Well yes and no. In my time I have seen several auctions where say a seller decides to unload a few of his CMP Garands all of similar condition. He lists auction style with no reserve price, say he sells 3 rifles, one sells at winning bid $1650.00, another sells at winning bid $1700.00, the other sells at ending bid $1675.00. I the buyer watching this have come away with a pretty good idea what that condition Garand should expect to sell for.
But then another guy selling his similar condition Garand starts bidding at $1000.00 with a unknown reserve, so we bid and bid up to $1700.00 or $1800,00 never breaking his reserve but the guy relists it and relists it for months. At some point we buyers just start passing on his auction with a "oh that guy again" attitude.
Going back to ebay I watched a couple sellers list their guitar and it sells for a lower than expected ending bid price then magically they relist it a few weeks later at a higher price with a reserve because the fact is they were expecting to get more and wiggled their way out of the first sale (which interesting enough many times the end bidder was a newbie with 0 or 1 feedback which is suspisious making me think shill bidder) and took no chances the 2nd time starting at a higher price with a reserve because they couldn't bare the thought that their Gibson ended bidding at $300 or $400 less than what they thought it would go for. But then nobody buys his relisted higher price.
Why is it that it seems to be only "buyers" that are vocal complainers about auction prices? I don't see many complaints from sellers about the cheapskates that haunt the auction sites.)"
Well yes and no. In my time I have seen several auctions where say a seller decides to unload a few of his CMP Garands all of similar condition. He lists auction style with no reserve price, say he sells 3 rifles, one sells at winning bid $1650.00, another sells at winning bid $1700.00, the other sells at ending bid $1675.00. I the buyer watching this have come away with a pretty good idea what that condition Garand should expect to sell for.
But then another guy selling his similar condition Garand starts bidding at $1000.00 with a unknown reserve, so we bid and bid up to $1700.00 or $1800,00 never breaking his reserve but the guy relists it and relists it for months. At some point we buyers just start passing on his auction with a "oh that guy again" attitude.
Going back to ebay I watched a couple sellers list their guitar and it sells for a lower than expected ending bid price then magically they relist it a few weeks later at a higher price with a reserve because the fact is they were expecting to get more and wiggled their way out of the first sale (which interesting enough many times the end bidder was a newbie with 0 or 1 feedback which is suspisious making me think shill bidder) and took no chances the 2nd time starting at a higher price with a reserve because they couldn't bare the thought that their Gibson ended bidding at $300 or $400 less than what they thought it would go for. But then nobody buys his relisted higher price.