$0.01 starting bid; No reserve and let it fly!
JackWESQ
Posts: 2,133 ✭✭✭
Let me preface this rant by stating that I fully understand the concept
of "protecting your investment." However, I have to figure that at some
point the concept of "minimizing your losses" has to come into play.
That said, nothing bothers me more then when an action says, "Hey!
Look here! Bid on my auction! There is no reserve!" and then there is
a starting bid of $1,000.00 and/or a same Buy It Now price of $1,000.00.
I understand that there are differences to setting a reserve versus
having a high start price, but the end effect is the same; the seller isn't
willing to sell the item unless it reaches a certain price.
So I always said to myself, that if I ever had a high dollar item, I would
start the bidding at $0.01 with no reserve and just let it fly. So now, while
I am not selling a baseball card that is valued at $1,000.00, I have a
Tag Heuer watch on ebay that I think is probably worth a few hundred if
not a thousand dollars. True to my word, I set the bidding at $0.01 with
no reserve and decided to let it go.
Just my thoughts.
/s/ JackWESQ
of "protecting your investment." However, I have to figure that at some
point the concept of "minimizing your losses" has to come into play.
That said, nothing bothers me more then when an action says, "Hey!
Look here! Bid on my auction! There is no reserve!" and then there is
a starting bid of $1,000.00 and/or a same Buy It Now price of $1,000.00.
I understand that there are differences to setting a reserve versus
having a high start price, but the end effect is the same; the seller isn't
willing to sell the item unless it reaches a certain price.
So I always said to myself, that if I ever had a high dollar item, I would
start the bidding at $0.01 with no reserve and just let it fly. So now, while
I am not selling a baseball card that is valued at $1,000.00, I have a
Tag Heuer watch on ebay that I think is probably worth a few hundred if
not a thousand dollars. True to my word, I set the bidding at $0.01 with
no reserve and decided to let it go.
Just my thoughts.
/s/ JackWESQ
0
Comments
how about a link to your Tag?
that I was trying to spam my watch and/or get people to bid on it. But
since at least one board member asked, here it is. Thanks.
/s/ JackWESQ
TAG HEUER CARRERA CHRONOGRAPH 1964 RE-EDITION
Steve
Link To Scanned 1952 Topps Cards Set is now 90% Complete Plus Slideshows of the 52 Set
Link To Scanned 1952 Topps Cards Set is now 90% Complete Plus Slideshows of the 52 Set