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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Wed, 6 Oct 1999 14:14:48 GMT
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Viewed:
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429 times
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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 proccessing the auction while the buyer will sit there
wondering if some guy will jump on at the last min and outbid him. Over all
the best method would probably be an pre anounced sale. letting people know in
advance it is happening. course even then if a number of people all offer to
buy as soon as it is posted it can become difficult. Over all i think strait
sales are easier on every one.
Jmn
http://www.nugator.com
In lugnet.market.theory, James Brown writes:
> 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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| (...) Here we go again... I'll let Larry or someone else jump in on the "fairness" of auction vs. straight sale. Yes an auction is more complicated than a straight sale, but need not take weeks or months to run (true, Auczilla runs several weeks, (...) (25 years ago, 6-Oct-99, to lugnet.market.theory)
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Message is in Reply To:
| | Re: To sell or to auction, that is the question.
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| (...) 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' (...) (25 years ago, 5-Oct-99, to lugnet.market.theory)
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