Maintenance & Restoration

TIM_K · 03-08-2011, 11:58 AM

It will sell.

A lot of people will bid at the last minute and the price will take off!

TIM_K · 03-08-2011, 12:01 PM

Uh oh, now I see you changed the starting price. In my opinion thats basically the same as having a reserve.

Nonetheless, good luck this weekend!

Greg H · 03-08-2011, 04:28 PM

I agree a starting price that high is the same as a reserve,it automatically says that you want $4,500.00 and that may actually scare some people off.

Mark Shaffer · 03-08-2011, 05:38 PM

Go for the gamble, starting bid of $100.00 and sell it with no reserve. You will be suprised.

TIM_K · 03-08-2011, 07:06 PM

If you want the "sure" thing, sell it to the guy who already offered you $4200. If you want to roll the dice and try to get a higher dollar amount then lower your starting price and let the auction run its course.

From a buyers perspective, half the fun is the thrill of the chase...placing a bid and watching the auction knowing the item will sell regardless. A lot of people will bid a little higher just out of pride!

Drop your starting price to $3000 and I'll place the first bid tonight to get the ball rolling!

KurtH · 03-08-2011, 07:16 PM

I see where everyone is coming from regarding this whole reserve price thing and having a higher starting price, but why would I take the chance that it would sell for $1000, when I have an offer from someone in the low $4000 range already. Its a gamble! You may never know how high it will or will not get.

If it sells for what everyobody on here is saying it will sell for, then $4500 might be a deal for someone. All it would take is for one person to bid $4500 and they could be walking away with it. If no one bids on it, then the couple that gave me the other offer will be driving it home, so I'm not going to gamble and let it sell for less than their offer.

In my opinion, if someone is willing to hypothetically bid $5000 on it, why would it matter if they start out at $500 or $4500. This will keep the bidders that will try and lowball it and think they can buy it for nothing out of the equation. That's just my two cents and we'll see what happens. I have someone to fall back on and on a positive note, we don't have to sell it. It has been with us that long, we can hold onto it a little longer!!

None of this is negative toward anyone. I've had a few things on ebay before where I didn't get anywhere near where I wanted to sell something for but those were on smaller less expensive items. I'm just not in the gambling mood!!!

KurtH · 03-08-2011, 07:19 PM

Tim,

What state are you from? Is that Bloomington, IN?

Greg H · 03-08-2011, 07:24 PM

You're right Kurt it is a crazy game,I mostly buy on E bay not sell and a low starting bid seems to spark more interest in me, good reason for the reserve, but like I said earlier sometimes a high starting bid scares people off. If you don't sell it on E bay then you have that offer of $4,200.00 to look at. Still I wish you good luck. Greg.

KurtH · 03-08-2011, 07:35 PM

Quote:

Originally Posted by Greg H

You're right Kurt it is a crazy game,I mostly buy on E bay not sell and a low starting bid seems to spark more interest in me, good reason for the reserve, but like I said earlier sometimes a high starting bid scares people off. If you don't sell it on E bay then you have that offer of $4,200.00 to look at. Still I wish you good luck. Greg.

Thanks!!!
Its time to just let it ride and see what happens. Like I always say; If it is meant to happen, it will happen.

TIM_K · 03-08-2011, 08:37 PM

Bloomington, IL

I think it all comes down to the thrill of a real auction. Someone might be willing to spend $1.00, but the thought of winning the auction for $.99 drives them to spend $1.25 in the end.