Archived posting to the Leica Users Group, 2003/01/10
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Chris BIN is Buy It Now. (no further bidding required or allowed). Jerry Jerry Christer Almqvist wrote: > There is no reserve price possibility on German ebay. > I wonder if this is due to legal considerations or to different mentality. > (This is probably a chicken or egg question) > > And what is BIN in this context? > > Chris > > >On Fri, 10 Jan 2003, Christer Almqvist wrote: > > > >> I wish everybody would publish their reserve prices like on the list > >> below; makes life much easier for the bidder. I never understood why > >> one has a starting price lower than the reserve price: Perhaps > >> somebody can explain the logic, if any, to me. > > > >There's at least two reasons: First, the insertion fee goes up based on > >how high your starting price is. The lower you make it, the less you pay. > >Second, it's an auction, and so people can get carried away while bidding > >something up. A high initial price tag is likely to scare away many > >buyers, while a low one encourages them to bid. > > > >Case in point: a few weeks ago, I auctioned off a Leica M3 with a 50mm > >'cron. I set the starting bid to what I thought was a fair price, and not > >a single person bid. After it ended, I set a starting price of $.01, made > >my BIN the same price as my original opening bid, and put a reserve about > >a hundred dollars less than that. Sure enough, I received a ton of > >questions about the camera, the auction ended with 12 bids, and someone > >snagged it for the BIN price shortly before the auction ended (and got a > >great deal, too). People are funny that way. > > > >chris > > > >-- > >To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html > > -- > Christer Almqvist > D 20255 Hamburg and / or > F 50590 Regnéville sur Mer > > please look at my b+w pictures at: http://www.almqvist.net/chris/new > -- > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html - -- To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html