Subject:
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Re: Dutch Auction Experiences
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 29 Oct 1999 21:28:16 GMT
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Viewed:
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347 times
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John Robert Blaze Kanehl wrote in message ...
> In lugnet.market.theory, John DiRienzo writes:
> > Scott-A wrote in message ...
> > > After seeking advice here, I went ahead with my Dutch 8880 auction. It • ended
> > > last night. On the whole, I think it went quite well. They went for $115
> > > each - I would have been happy with $90-$100.
> > >
> > > The only thing I did not like about it was that bidders could see each
> > > other's bids... this makes snipping very easy in my opinion. • Additionally,
> > > there did appear to be a slight lack of understanding on the part of
> > > potential bidders.
> > >
> > > My only question now is : Will I get 5 lots of feedback... or only one?
> > >
> > > BTW : the auction had my highest ever hit count : 660... has anyone had
> > > higher than this?
> > >
> > > See the auction at:
> > > http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=182311527
> >
> >
> > Hey Scott,
> > You should get a feedback point from each person who bought a Supercar
> > (whether they will all leave feedback or not is something else). Dutch
> > auctions have their drawbacks, but, all in all, they are very useful when
> > you want to sell several items at once. If time permits, it is more
> > profitable to do one at a time, though, in most cases.
> >
> > 660 hits is pretty good! The most hits I have had on a single auction
> > was very near 3,000 hits a few minutes after an auction ended, and closer • to
> > 4,000 about a month after it had ended. Besides that, which was an
> > extraordinary event, most of my auctions have had between 150 and 400 • hits,
> > and the better sets (like popular Trains or Castles, as well as the • Supercar
> > when it was ultra-popular and pricey(1)) sometimes reach 1,000 hits.
> >
> > 1) before DYA made the 8880 so accessible and before the 8448 was
> > released.
> > --
> > Have fun!
> > John
> > Auctions and Trading and More at my Lego site:
> > http://www114.pair.com/ig88/
> > MOC,CA++++(6035)SW,TR,old(456)+++TO++PI,SP+#+++++
> > ig88888888@stlnet.com & IG88888888 on AOL
>
> Thanks for the information. I acquired some 8480 Space Shuttles from a
> hobby shop going out of business for $112.53 each. I wanted to try a Dutch
> Auction, but I haven't seen if they were profitable or not. I had an • overseas
> buyer backout on purchasing 2 of them.
> I realize that DYA just made them available, but I'm considering trying • it
> anyway.
>
> Did you use any special eBay features to attract bidders? Or did the • picture
> just say it all?
I did a few things that I think helped my auctions. I ran quite a few
"series" of auctions, and tried different things to see how they worked. I
found that using Mister Lister (bulk listing tool) not only made listing
easier, but also minimized sniping, which seemed to get more people
interested in my auctions who otherwise disliked using eBay. Also, running
similar type sets that all end around the same time is a good idea, as
buyers who like that certain theme end up bidding on more than one item.
Also, I used the aboutme page and my own web page to help people know what I
had on auction in a nicer format than using the generic "seller list".
Also, I spent some time on each particular listing, making sure it looked
really professional (in hopes that, if they liked looking at one of my
listings, they would be more inclined to look at others). The extra hour or
two spent on html often seemed to be worth it. Finally, I used RTL and
lugnet.market.auction - posting not too often, but enough that people didn't
miss my auctions - I tried not to turn off potential bidders by posting too
much, but it does help to post at least twice. Finally (again), auctions
ending during US prime time (after six, before midnight) on Sundays and
Mondays not only got more hits, but better prices (from a seller's
viewpoint).
> Do you thin that your experience is related to the popularity of the • set?
> Or the attractive price point for the model?
The popularity of a set definitely relates to the number of hits. For
the most popular sets, I would use the category featured auction, and then
basically say, "Hey, look! I have a ton of other great sets, so click here
and see what else I have!" To a casual eBay buyer, seeing a Lego set at
$200+ might make him quite curious and click on that featured auction (which
is the first you see when browsing through the category). The attractive
price point is important, too. I don't recall ever beginning an auction at
$10 or more (at $9.99, the listing fee jumps from $.25 to $.50). So, when a
person sees a $50, $100, or more set for $5, its hard to resist taking a
look at the listing. I don't like using reserves, either - so when there
was all that fuss about the reserve price increase a couple months ago, I
wasn't upset at all.
--
Have fun!
John
My Trade/Sale (and links) Page
http://www114.pair.com/ig88/lego
my weird Lego site:
http://www114.pair.com/ig88/
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Message is in Reply To:
 | | Re: Dutch Auction Experiences
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| (...) Thanks for the information. I acquired some 8480 Space Shuttles from a hobby shop going out of business for $112.53 each. I wanted to try a Dutch Auction, but I haven't seen if they were profitable or not. I had an overseas buyer backout on (...) (25 years ago, 27-Oct-99, to lugnet.market.theory)
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