Outstanding deal!
http://www.gunbroker.com/Auction/ViewItem.aspx?Item=444756749
Up to $750, reserve not met yet. Time will tell if it is a good deal.
He tried three times, and never got his minimum bid.
What does that tell you about the price he wants?
Looks like the price on the tag is $999.99. I don't understand why people put a reserve on their auction. They should just put the minimum amount they would take as the starting price.
(http://pics.gunbroker.com/GB/444756000/444756749/pix707488901.jpg)
Quote from: my_old_glock on November 03 2014 01:37:10 PM MST
I don't understand why people put a reserve on their auction. They should just put the minimum amount they would take as the starting price.
You live under the delusion that you make your own decisions. Your mind doesn't work that way.
http://www.ted.com/talks/dan_ariely_asks_are_we_in_control_of_our_own_decisions?language=en
The reason to list without a minimum bid but with a reserve is bidding will always start. This does at least one and hopefully two things for the seller.
First, it creates an idea of the market value of the product. This can be useful down the road.
Second, people already invested in bidding will bid higher than they normally would if there weren't invested in bidding. I see myself fall victim to this all the time. I will set a max bid on an item, and then see myself outbid, or not meeting the reserve. If I really want the item, I may bid a bit more to see where the boundary is.
On the other hand, if there was an opening minimum bid that was above my boundary, I wouldn't bid. Most people behave this way, and some will greatly exceed their won't bid price trying to find the boundary.
It's interesting to compare his start / reserve prices from way back. The problem with this auction is what he puts in his descriptions. I gave up on this item and the sellers inconsistencies some time ago.
http://www.gunbroker.com/Auction/ViewItem.aspx?Item=428831045
Maybe his ID was supposed to be. Gun y up. But he has dyslexia.
Quote from: sqlbullet on November 03 2014 02:03:29 PM MST
Quote from: my_old_glock on November 03 2014 01:37:10 PM MST
I don't understand why people put a reserve on their auction. They should just put the minimum amount they would take as the starting price.
You live under the delusion that you make your own decisions. Your mind doesn't work that way.
http://www.ted.com/talks/dan_ariely_asks_are_we_in_control_of_our_own_decisions?language=en
The reason to list without a minimum bid but with a reserve is bidding will always start. This does at least one and hopefully two things for the seller.
First, it creates an idea of the market value of the product. This can be useful down the road.
Second, people already invested in bidding will bid higher than they normally would if there weren't invested in bidding. I see myself fall victim to this all the time. I will set a max bid on an item, and then see myself outbid, or not meeting the reserve. If I really want the item, I may bid a bit more to see where the boundary is.
On the other hand, if there was an opening minimum bid that was above my boundary, I wouldn't bid. Most people behave this way, and some will greatly exceed their won't bid price trying to find the boundary.
I didn't watch that link (I am on a slow computer which doesn't show videos well), but I have seen something similar. They showed that if you priced something @ $10 and it didn't sell, you could create a fake price tag that had $20 crossed out and $12 written below it, and people would buy it because they thought they were getting a deal. I watched the examples they gave in the video, and I never fell for the gimmick. There are times I paid way more than I wanted to, but I wasn't fooled into doing so: I wanted the item, and there was no other way to get it other than pay more for it (It was a gun that is not on the California roster, and there for not easy to get. It was also during the gun buying panic almost 2 years ago when there were no guns at the gun store). It is like buying gas in a remote area. You either pay the high asking price, or you don't get any.
I have one of these guns; new in a box http://www.gunrunnerauctions.com/listings/details/index.cfm?itemnum=1047175044
Look at the selling price.
Here is a used one on GB http://www.gunbroker.com/Auction/ViewItem.aspx?Item=450217927
It is a 380 :o
.