gun broker auction protocol
could some one out there help the new guy?
want to bid on a rifle for the first time.
There are three days left on the auction, how late can you wait to make a final bid?
And if you have a bid in can the seller remove the item from the auction early with a bid pending?
Thanks for listening.
Redshock
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You can bid up until the final second, but understand that each new bid within the final 15 minutes will reset the auction clock to 15 minutes. 15 Minute Rule – GunBroker
Once a bid has been placed the seller cannot end the auction early. This was once possible, but has not been allowed for several years.
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This went better than expected.
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I'll share how I bid since you asked us "could some one out there help the new guy".
The site auto bids for the bidder. I bid what I am willing to give and leave it alone, it doesn't matter to me how much time is left for the auction.. I bid when I make a decision that the item is something I want to buy and how much I am willing to spend on it. I buy some and some I get out bid on. That is the way I do it.
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Like Scout said. Put in what you'll pay, say $500. It will automatically show up in the auction as a number lower than that. If someone bids $250, yours is still high at $500 so you'll see the auction go to $255 or whatever the increments are. You might be willing to spend $500 but you could wind up getting the item for less if others aren't interested. Or, as happens to my cheap self, you'll get outbid!
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My personal (non forum administrator) advice is to never bid in whole dollars. Rather than bidding (say) $400, instead bid $401.06. You'd be surprised at the numbers of auctions which can be won for a $1.06!
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I agree with Mark C. That is my strategy, and has worked more than once. My last won auction for instance. (About 3 weeks ago.)
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True, Mark!
I once won an auction by 1 cent. I placed an early bid of $400.01; next higher bidder put in 3 or 4 bids but quit at $400.
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Guys thanks so much, ALL good information . I do fell better, less stress now! Will probably last until I hit the send button !
Another Question; with 3 or 4 days left and NO one bidding would it be smart to wait for the last couple of minutes to bid?
or is there something I'm not seeing on the chess board?
Thanks again
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redshock796: 31548931869339/comments/31548956681627
Guys thanks so much, ALL good information . I do fell better, less stress now! Will probably last until I hit the send button !
Another Question; with 3 or 4 days left and NO one bidding would it be smart to wait for the last couple of minutes to bid?
or is there something I'm not seeing on the chess board?
Thanks again
It makes zero sense to wait until the last minute. Put in your max bid and let it ride. As long as it's truly your max you will be happy.
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My opinion has always been that as soon as you see an item that you want, place a bid. You can actually scare away others who are waiting to see if anyone else is going to bid. This isn't eBay where someone can sneak in with two seconds remaining and steal the item away.
Bottom line is that you can't win unless you bid, so at some point you need to pull the trigger. If you wait until the last minute to bid, your options are limited. Early bidding allows the luxury of seeing how the bidding unfolds. If bids go over your comfort zone then you are out nothing.
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rule one be loose with your wallet
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alright guys I'm going to push bid buttons!!
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Often enough if the starting price is close to real sales value the first one to bid wins. If the starting price is below real sales value even if you bid more than the opening asking prices someone will most often bid against you until value is reached, If a bidding war happens the item can go above what it may normally sale for. Once people make a bid some feel invested. Again, I just bid what I am willing to pay and forget about it, I either buy it or I don't.
To answer your question, for me, being the first bidder hasn't been a negative. Different auctions and different people of course make each situation different so there is no set in stone answer.
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Don't lose control.
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drink beer and happy bidding
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one bad thing about waiting until near the end is that you might forget all about the auction or you can bet busy and loose track of time and the first thing you know the auction is over
and as others have said always put in a odd bid , i don't know how many auctions I have won because i was 99 cents more than the next guy
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Make sure you read ALL OF THE INFORMATION in the auction. Things like shipping costs, credit card fees and missing photos or vague comments are a red flag. Ask the seller questions about anything you are concerned over.
The other posters have it nailed. It does no good to wait to bid. Put your top dollar in the box and hit bid, you will not be hurt if it does not go for your max.
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One thing that no one has yet mentioned is that one should always bid while sober!!!
Mixing your bidding and imbibing can lead to dire consequences!!😉
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NEVER let someone out bid you, NEVER!
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Grasshopper: 31548931869339/comments/31549002022939
NEVER let someone out bid you, NEVER!
Exactly, once ya leave the chute yer ridin' fer the buzzer!!
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"Drunk Bidding," is highly entertaining.
Provided you are not the one Drunk, or Bidding.
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Always make sure you buy your wife a dozen roses and have them delivered on the same day you pick up your new firearm. If you time things just right, you'll have that bad boy put safely away in your gun safe before she even knows you added another to your collection! 🤣
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Well, maybe. Sometimes bidding early can draw the interest of others to the auction. And it can encourage others to bid higher than they would have if they didn't have any competition.
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I bid $600 on this IWI Galil Pistol recently and lost by a significant margin.
IWI GALIL ACE PISTOL 7.62X39 SIDE FOLDING w/ SB TACTICAL BRACE NO RESERVE - Semi Auto Pistols at GunBroker.com : 887322603
Buy IWI GALIL ACE PISTOL 7.62X39 SIDE FOLDING w/ SB TACTICAL BRACE NO RESERVE: GunBroker is the largest seller of Semi Auto Pistols Pistols Guns & Firearms All: 887322603It sold for $2000!!!
Here's some preferences of mine regarding the auction side.
1. I won't buy from a NR (non-rated) seller. I look at sellers recent feed back before bidding.
2. I prefer a seller who takes credit cards. Unless the seller is local, dealing with mailing money orders is annoyingly slow. No charge for credit is nice, but I'll figure what the percentage will be into my bid.
3. I always check the cost of shipping. I prefer used guns and prefer shipping to cost less than $30.
4. Free shipping is rare and usually only available on new "full price" guns.
5. I keep my local transfer dealer's fee ($25) in mind when bidding.
6. I keep an eye on "buy it now" guns but don't mind bidding in a real auction. That being said, I usually ignore auctions that have 8 to 10 days left on them. If it's something I like, I'll save it to my watch list.
7. I ignore auctions that have reserves. I'd rather bid on an auction that has a starting price.
8. I ignore auctions that start with $0.01 with 8 to 10 days on them. No one it going to win a gun for a $0.01. I'll either put my max bid in or wait till there's only a couple days left on the gun to bid.
9. When bidding - I'll usually put in my max bid from the start. I rarely get into bidding wars.
10. If I win the auction, I pay for it. There's no backing out - no buyers remorse.
11. I give feedback based on the transaction not the gun. I expect feedback on the transaction in return.
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When you buy a gun, just carry one out in the morning and bring the new one in in the evening, Good to go.
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Much like I used to do with guitars, just leave the house with an empty case and come home with a full one, works every time.
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