Subject:
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Re: To sell or to auction, that is the question.
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Newsgroups:
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lugnet.market.theory
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Date:
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Tue, 5 Oct 1999 17:55:33 GMT
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Viewed:
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397 times
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In lugnet.market.theory, Michael Ulring writes:
> On a related note, I have a hard time being strictly first-come, first-serve.
> The people here (and on RTL) are international, spanning many timezones. And
> people check the groups once a day, every other day, some just once a week. I
> don't want to keep someone from having a fair chance at a set b/c Mr. Smith
> hovers over the groups 6 times a day waiting to find the best deals. At the
> same time, sales avoid the auction timeframe and commitment.
Any 'sale starting now' announcement is going to be "unfair" to the people who
don't see it right away. If you want to give everyone equal opportunity to
react, then use one of: an auction (with a reasonable time frame), a 'best
offer by' sale, or a 'first-come, first-serve' sale that is announced ahead of
time.
Each method has pluses & minuses, and they've been discussed around here
before, but a brief sum-up:
Auction: It's the most fair (in a 'gives everyone a chance, and best
determines fair market value' kind of way.)
FC,FS sale: Fast. As soon as someone responds, boom! Sold. Has the drawback
of requiring some market research to get best value.
BOB sale: Workable compromise.
James
http://www.shades-of-night.com/lego/
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Message has 1 Reply:
 | | Re: To sell or to auction, that is the question.
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| The way of the world typicaly is first come first sever. it has its problems but in most instances it works. Auctions are more complicated and typicaly less fair to all then strait sales. The seller will sepend weeks or even months waiting and (...) (25 years ago, 6-Oct-99, to lugnet.market.theory)
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Message is in Reply To:
| | To sell or to auction, that is the question.
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| Okay, so I listed 25 sets in market.buy-sell-trade last night. I also listed asking prices. When I stopped home for lunch today, I did a quick check of email and found that I have over 10 messages responding to my list of sets. As of now, I have (...) (25 years ago, 5-Oct-99, to lugnet.market.theory)
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