 Guess who's back, On the bay for , the 4th time? |
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| Eric Taylor |
 Oct 2 2003, 07:02 PM
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Senior Member  Group: Members Posts: 909 Joined: 1-June 03 From: Newport, OR/Eugene Oregon- UO Member No.: 770  |
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| madd_dogg_914 |
Oct 2 2003, 10:22 PM
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#2
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Member Group: Members Posts: 480 Joined: 30-March 03 From: Vacaville, CA Member No.: 497 Region Association: Northern California |
The reason for starting the bidding out so low is simple. As people see the car with a low bid on it they think they wil get a steal on it. So they place a bid for say . . . $1000. Now of course the reserve is still not met and if the other bidders had not bid that high then it would only show a bid amount of the next highest bidder. So what you end up with is a bunch of people "experimenting" on the bid hoping to get a great deal. What ends up happening is that you get a item that appears to be extremely popular (in terms of number of bids) when in reality it may be only two people trying to bid the lowest amount to meet the reserve. Make sense . . .
-Chris |
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Posts in this topic
Eric Taylor Guess who's back Oct 2 2003, 07:02 PM
URY914 Poor 'lil thing, nobody loves it. :wub: Oct 2 2003, 07:04 PM Aaron Cox ill take it off their hands for a nominal fee :lol... Oct 2 2003, 07:07 PM Air_Cooled_Nut Current bid is $19.72 but reserve isn't m... Oct 2 2003, 07:09 PM Air_Cooled_Nut No, it doesn't make sense from a SELLER view p... Oct 2 2003, 10:34 PM Rob Ways Go go gadget 914. No offense, but me thinks that c... Oct 3 2003, 12:45 AM thesey914 Yep truly 'kin ugly....but that interior looks... Oct 3 2003, 12:54 AM ChrisReale But wait....the HUGE 1.7L engine has been UPGRADED... Oct 3 2003, 02:01 AM
Hawktel If you have a reserve up your Buy it now stays up ... Oct 3 2003, 11:35 AM |
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