[meteorite-list] 3 Day Meteorite Auctions

From: Dave Freeman mjwy <dfreeman_at_meteoritecentral.com>
Date: Sat May 21 13:22:17 2005
Message-ID: <428F6E46.60009_at_fascination.com>

Dear Bob;
Many times I get requests for the "buy it now" option and I put it in
most of my auctions. Trouble is that most buyers want a hot deal and
prefer to just bid and wait it out rather than pay a penny too much with
the buy it now option. Another large mistake is that one should bid
what they feel is the most they are willing to pay and expect that they
may not win everything they want if cost is a consideration. There
seems to always be someone willing to pay more. If an item doesn't
sell with the three day auction, the seller is forced to relist and then
the cost vs. profit is changed with a relisting fee. Oddly, and item
that doesn't sell the first go round may have a battle of the bidders
war on the second listing, go figure.
When someone figures it all out they can write a book and sell it to the
 list.
Best Saturday,
Dave Freeman
mjwy

Bob Evans wrote:

> I find it a pain in the rear to wait for a 7 day auction to end. I
> know that sellers want to get plenty of exposure, but, it seems like
> there are a few initial bids and then the auction goes into a freeze
> until the last day of the auction. So, we just sit back and wait.
> The way I look at it auctions that are of shorter duration could
> possibly double a sellers sales in any time frame.Sure its more work.
> But, $10k/ month is better than $5k/ right?
> Just a suggestion to all of the larger ( volume ) dealers . Mike ,
> Hupe , etc.
>
> Just a suggestion,
> Bob
>
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Received on Sat 21 May 2005 01:22:14 PM PDT