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Reserve Price

kooterbill
How can you start a gun at a minimum bid of $700.00 & then
say that there is No Reserve? The fact that the first bid
has to start at $700.00 makes it a "Reserve" in my opinion.
What's wrong with my thinking?
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Comments

6 comments

Date Votes
  • perry shooter
    The only difference is you know what the reserve is without having to play games. IMHO I never even look at reserve guns so at least this kind of seller with high starting bid reaches more buyers and with the way money is tight he may think it is better to keep his item then sell for the going price. if he starts it low.
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  • Nwcid
    No it has no reserve.

    It has a minimum bid.

    Similar but not the same.
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  • Colt Super
    What is the EFFECTIVE difference to the buyer ??

    Doug
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  • bpost
    quote:Originally posted by Doug Wilson
    What is the EFFECTIVE difference to the buyer ??

    Doug


    The effective difference is you do not have a seller playing games. When a seller lists a AR-15 match gun for a penny and has the reserve at $3,000 with a buy it now of 3,100 they are playing games.

    I too never even look at reserve auctions. List the start price at the ROCK BOTTOM you will take for it and go from there.
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  • rambo rebel
    amen - I only use a reserve when I'm trying to figure the value range of a particular item or I have something I don't want to sell and am just curious as to where it is value wise. those senerios are only after I've looked and couldn't find items to compare my item with. such as the "slave art" I have on now - I hope to find someone who knows anything about this type of stuff.

    as a seller and especially as a buyer I hate it when you see a reserve on anything common or if its less than a couple hundred bucks - I "love" those dollar start auctions with a buy now for $5 and a resere of $4. it friggin kills me. just last night I saw a seller with several pages of low end items like that.

    on the other end there are bidders who if they can save 2 dolla" on something then that just makes their day even if they have to check it every day, several times a day.

    kinda like the people who will line up at a particular gas station to save less than a buck on a tank of gas all the while idling and waiting 30 minutes to get a pump!!!! when gas was $5 pg certan stations would drop their price 50 cents a gallon but only let you get $20 worth of gas. there would be 30 cars in each pump lane waiting while the station across the steet (literally) would be dead. - I'd pull in and fill up before the second guy in line got their $20 worth. AND, if you asked the guy who waited 20-30 min. if he'd work an easy job for $5 an hour they'd be first to holler "that ain't worth my time" scheesh. enough to drive ya nuts I say.
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  • bobski
    most reserves are situations where the seller doesnt know the rock bottom on an item.
    ALL RETAILERS DO. why? they buy wholesale and they know their margins for mark up. they know what their break even price is and absolute minimum they can take to cover costs.

    small private sellers dont. nor do greedy little grandkids with grandpops old winchester, who dont want grandpops wonderful peace of pride and heritage. they just want the cash to get ear rings and video games. so, without knowing its value, they throw in some wild starting price with no reserve, just to get rid of it.

    by issuing the starting bid as the least youd take can backfire. say you have 3 model 12 winchesters with gold engraving. so you put one on for 400.00. it sells for 500. so now, the owner thinks...hey! i got 500! im rich! and, sells the other two as well. problem was, he didnt do his research and lost out on thousands of dollars.

    ive watched hundreds of sales and auctions over the years and youd be surprised how many dealers are scarfing up foolish sellers guns. ive seen guns sell for 1500.00, and within 2 weeks, its back on for 4000.00 on a different website.

    and it works the other way. i know a fellow as we speak has a model 12 on auction, who thinks he has a rare gun and is baiting bidders with false advertising. i told him what i felt the gun as worth, and what i would be willing to pay with my bid, but he has the reserve set so high, its obvious he's going for the sucker punch from some ignorant gun buyer. sad...but true. just becasue one perosn will give a crazy offer, doesnt mean the gun is worth it. its just worth it to that one person.[;)]

    no...opening bid and reserves are not the same.

    bottom line, ANYONE who shops auctions is looking for a sucker, or else theyd be buying retail in gun shops every day.

    every gun dealer is looking to get his profit and break even, such is business.

    auctions with a set opening bid is what DEALERS/sellers must get to break even. sellers that are not dealers with low opening bids are selling to get rid of it and dont care what they get.

    THATS what auctioning was SUPPOSE to be![;)]
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