On Sat, Dec 28, 2002 at 10:54:26AM -0500, Abby Sale wrote: [ ... ]> On Fri, 27 Dec 2002 11:08:06 -0600, [unmask] wrote:
>
> >One final thought; when participating in any auction, always
> >predetermine your absolute maximum price, and stick to it. Too
> >many people have gotten wrapped up in the excitement of bidding
> >an ended up paying far more for an item than they would have in a
> >shop.
>
> Any notes on whether the fixed pre-auction offer price "Buy-it-now"
> compares well with the final sale price typically? I think that varies on a case-by-case basis.> Obviously, it all depends but I've several times picked up something there
> when I knew I'd have little time to sit on the auction and the price
> seemed low and reasonable compared to used book dealers. If you *really* want something, and are willing to spend what
the Buy-it-now price is set to -- go for it. If you would be willing to pay less, but not the buy-it-now
price, prudence suggests placing a minimal bid at the start to clear the
buy-it-now option so others won't use it to get the item before closing,
and then hope that the eventual price does not go above your personal
threshold. (Note that it does have to meet reserve to clear the
buy-it-now option, and sometimes reserve is set not much below the
buy-it-now price. I have done this bidding low to clear buy-it-now at times, when
I wanted the item, but did not want to start out by committing myself to
the buy-it-now price, and wound up paying a bit more than the buy-it-now
price. Other times, I have wound up with the item for the starting
price or little more. I have also seen auctions for many identical items (e.g. pairs a
particular style of hydraulic coupling, if anyone cares), where someone
had gone through and bid the minimum on every one of the auctions, and
eventually got just one. I wound up bidding on one of the later ones,
and later found that he had listed more of the item with a fresh
buy-it-now price which would have saved me a couple of dollars. I'm
sure that the seller was happy, since all of that first batch sold for
more than the original buy-it-now. :-) Enjoy,
DoN.--
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