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No Reserve/Reserve auctions

SlowDog
Ok....Why call it a no reserve auction and then set the first bid at one penny under what you'll take for starting bid? Come on people.....
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Comments

11 comments

Date Votes
  • callktulu
    It's not if you win or lose, but how you play the game.[;)]

    Apparently.
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  • GuvamintCheese
    And a hardy welcome to you mr. poopy pants.
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  • Nwcid
    Well it doesn't have a reserve. I didn't say it makes sense just that it is a fact.

    Here are some real NR auctions for you http://gunbroker.com/Auction/SellerAuctions.asp?User=366779
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  • He Dog
    a minimum bid is not a reserve which is a hidden minimum.
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  • SlowDog
    What I am saying is....people list a no reserve pistol and then the first amount you can bid is the minamum. IMO that is the reserve price....
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  • reloader44mag
    OK..................next
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  • Locust Fork
    [:D][:D][:D][:D][:D][:D][:D]
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  • kimi
    quote:Originally posted by SlowDog
    What I am saying is....people list a no reserve pistol and then the first amount you can bid is the minamum. IMO that is the reserve price....


    What He Dog said.
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  • iwannausername
    Just do yourself a favor and when on hte auction side, every time you see "reserve" replace it in your mind with "hidden reserve".

    Ergo, a starting bid, etc. is "no hidden reserve" ...
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  • gearheaddad
    Heres a few NO reserve and they started at a penny!
    Watch Locust Forks auctions, she always has alot of penny starts and no reserve! Now, get to bidding and stop complaining!![:D][:D]

    http://www.gunbroker.com/Auction/SellerAuctions.asp?User=229349
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  • He Dog
    quote:Originally posted by SlowDog

    Ok....Why call it a no reserve auction and then set the first bid at one penny under what you'll take for starting bid? Come on people.....


    Actually, this comes up about once a week. The answer is, if you don't like reserve auctions, don't bid in them. If you don't like minimum bid auctions, do bid in them. Complaints here just get you a bunch of smart-ass answers from those of us who like to post smart-ass answers. It will change nothing about the auctions.

    I have no problem with minimum bids, but do not like hidden reserves and will not bid. Auctions with a minimum bid a dollar below the buy it now are not auctions, they are simple sales. If the price is good that can be a good thing. Some of the volume dealers here sell below what most FFL's can buy for wholesale. That is a good price and one I will go for on an item I want.
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