A question (or rant) about gun auctions
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deadin
US Veteran
It is to entice people to get into a bidding war.
NFrameFred
Member
There are a lot of things that make me scratch my head and go , "Hmmmmm", especially about how some people structure their ads. People see things differently and a lot of people project their warped view of things onto everyone else and as such seem to have little or no basic understanding about their potential customers, the buying public, or basic human nature.
There are some instances where this seems to work but only with a gun that would likely sell anyway even with a hefty reserve price. Hiding the reserve is the silliest thing to me but to each his own; I guess there are those that (unlike myself) will get into bidding wars and drive up the price until it goes over and above the seller's reserve. I feel like most use that as a hedge against someone sniping it for the minimum bid - they'd take the minimum for it but hope by hiding the reserve they will realize more. I know what it's worth to me and what I'm willing to pay. If their price is unknown I move on and pass it up waiting until I have a shot a one where I know what I'm dealing with.
There are some instances where this seems to work but only with a gun that would likely sell anyway even with a hefty reserve price. Hiding the reserve is the silliest thing to me but to each his own; I guess there are those that (unlike myself) will get into bidding wars and drive up the price until it goes over and above the seller's reserve. I feel like most use that as a hedge against someone sniping it for the minimum bid - they'd take the minimum for it but hope by hiding the reserve they will realize more. I know what it's worth to me and what I'm willing to pay. If their price is unknown I move on and pass it up waiting until I have a shot a one where I know what I'm dealing with.
boatbum101
Member
This irks me too . Seems that meeting the reserve with min allowed bid isn't common . Also the same guns being offered time after time with no price adjustment , even though it aint had 1 bid in the last 6 auctions . Ironic but majority of these are from FFL's . How the hell can ya stay in business without knowing what your products will fetch .
LVSteve
Member
It's a standard auction tactic in both live and Web auctions. It plays on certain features of human nature and as much as it annoys some of us it has been shown to work.
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Putting a price on an item at auction that is UNDER the reserve price, is to start the auction.
By putting a starting price on the item, also eliminates the stupid and have no intentions of winning the auction by starting the bid at .02., when in fact the value of the item might be over $1000.
If a bid of say .02 is started, then it will only get stupid bids upward. Consequently it is likely the item will not sell at all, because it won't even come close to what the seller would like to have before the auction ends.
WuzzFuzz
Personally, if I put a price on something, that is the amount I'm going to sell it for....I ain't no...."THE PRICE IS RIGHT".
Nor am I selling Mexican blankets, and we haggle over the price!!!!!
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By putting a starting price on the item, also eliminates the stupid and have no intentions of winning the auction by starting the bid at .02., when in fact the value of the item might be over $1000.
If a bid of say .02 is started, then it will only get stupid bids upward. Consequently it is likely the item will not sell at all, because it won't even come close to what the seller would like to have before the auction ends.
WuzzFuzz
Personally, if I put a price on something, that is the amount I'm going to sell it for....I ain't no...."THE PRICE IS RIGHT".
Nor am I selling Mexican blankets, and we haggle over the price!!!!!
.
