OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest

by FOG, Tuesday, March 19, 2013, 17:25 (4212 days ago)

I understand the motivation for open-bid auctions, and I've even competed in − but never 'won' − a few of them.

I much prefer the 'Buy It Now' kind and usually avoid all others.

I do not like the way they drive up prices. I understand the effect is quite real, but I nonetheless view its cause as irrational, and I choose not to take part in it.

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OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - FOG, 2013-03-19, 17:25
- The intent of an auction is to get the most money - Hobie, 2013-03-19, 18:43
  - I get the basic idea alright - FOG, 2013-03-19, 18:57
    - I get the basic idea alright - Hobie, 2013-03-19, 20:44
- I guess the other thing I was saying is - FOG, 2013-03-19, 20:58
  - I bid what I'll pay and no more. Do that at live auctions - Hobie, 2013-03-19, 21:53
    - I bid what I'll pay and no more. Do that at live auctions - Otony, 2013-03-19, 22:48
    - I bid my max, leave it in the Lord's hands... - Boge Quinn, 2013-03-20, 07:51
      - "I bid my max, leave it in the Lord's hands..." Yes, IF - Hobie, 2013-03-20, 18:09
      - I bid my max, leave it in the Lord's hands... - Catoosa, 2013-03-20, 20:17
- OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - Otony, 2013-03-19, 22:00
  - Patience is a virtue - FOG, 2013-03-19, 22:27
    - Patience is a virtue - Jared, 2013-03-20, 13:21
- Generally, I throw up what I am willing to pay and... - Hoot, 2013-03-20, 13:24
  - I suspect the penny auctions with a reserve are often - Hobie, 2013-03-20, 18:11
  - I also avoid auctions with 'Reserve' prices - FOG, 2013-03-23, 12:46
- OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest - Charles, 2013-03-23, 14:02
  - RE: #3 - FOG, 2013-03-23, 15:48

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OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest