OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest
Online auctions are a very good place to buy stuff for a reasonable price and even cheap on occasion. There are a couple of tricks involved..
1. Don't get emotionally involved and start to compete with other bidders. Figure out what you want to pay and stop there. The value of objects go way above reasonable price when folks make it a competition thing. If you can't be cold about it, stay away from auctions of any kind.
2. Whatever you are looking at, there will be another coming along later for a better price. If you don't get it for what you want to pay, then just bide your time, it will come around again, again and again.
3. I never bid until the last minute so as not to run the bid up with folks doing to me what I won't do to them, i.e. compete.
Complete thread:
- OT (Sort of...) − Auction Formats: 'Buy It Now' vs. The Rest -
FOG,
2013-03-19, 17:25
![[*]](themes/default/images/complete_thread.png "Open whole thread")
- 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 get the basic idea alright -
FOG,
2013-03-19, 18:57
- 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
- I bid what I'll pay and no more. Do that at live auctions -
Hobie,
2013-03-19, 21:53
- 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
- Patience is a virtue -
FOG,
2013-03-19, 22:27
- 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
- The intent of an auction is to get the most money -
Hobie,
2013-03-19, 18:43