 | | Re: Proxy ratcheting: How do auction systems work?
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(...) I have to admit that I have jumped into bidding when items his G2 before, but I never thought of it as sniping. Many times there are lots that I am interested in, but don't really have the time or the inclination to deal with the nickel and (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Update 4/24/99 pm: Pirate Auction
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Hello all, Well, That's all folks. Thanks to all who participated. Current bids: 725 Osvaldo Fernandez $40 Sold 6289 Alex Eulen $100 Sold 6289 Otis Anderson $100 Sold 6289 Frank Filz $110 Sold 6263 Frank Filz $22 Sold 6263 Pat Shepard $22 Sold 6263 (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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I understand why sellers like reserves, but as a buyer (1) I'd prefer that they were banned, limited, or cost the seller a lot of money to do. If the listing fee is 50 cents, charge 20% of the reserve whether the item sells or not. Plus 5 bucks to (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) Definitely 4. 2 and 3 make no sense whatsoever -- reserves don't work unless they are secret. 1 just sucks, as has been described in this thread already. Steve (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) And the potential to make bidders *EXTREMELY* violently angry. Imagine if you lost out on something because your high bid of $110 was $15 less than the secret reserve price, and you held off on bidding on the same item in another auction (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) Yeah, I gotta agree. I understand how the same item can reach 2x the reserve if the bidding starts low and then go unsold if the minimum is the high amount the seller wants, which kinda sucks, but I still don't like reserves, either as a buyer (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) I agree. I personally don't bid on reserve price auctions until the reserve has been met because it is a waste of my time (especially if you cannot make firm bids :-)) -- Owen (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) 4. --Todd (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Methodology: Reserve, Controlled Reserve, or No Reserve?
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Question to all armchair economists/sociologi...theorists: (especially you, Todd ;-) From both the stand point of the buyer, and then the seller, what are your opinions of the following policies regarding secret reserve prices in auctions: 1) (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: HUGE Auction, Train, Technic, Town and Pirates!
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Just a note to thank the many people who have bid thus far on the sets listed below! There are still many apparent bargains. Assuming the following lots sell for reasonable prices, I will be adding more next week. Thanks to all who participate! (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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