I like the idea. That means there are three important price points
for bidders and sellers - blind bids (i.e. below reserve, below BIN),
informed bids (above reserve once reserve is known), and a guaranteed
purchase.
I can certainly see taking advantage of this as both a buyer and a
seller. If I were to sell one of my 4Ts, for instance, I'd likely set
the reserve at $400, set a BIN price at $650 and start bidding at
$200. If I were looking at the same auction, I could bid $250,
knowing my bid was unlikely to win, but would guiarantee me a bargain
if it did, bid at $400, knowing I was at or over reserve, and stand a
reasonable chance of buying the camera, or pay the $650 if I just had
to have that camera and couldn't stand a week of waiting.
BBB
On Fri, 9 Mar 2001 19:45:58 -0600, Tom Scales wrote:
>Did anyone notice that Ebay has changed Buy it now? It doesn't go away on a
>reserve auction until the reserve is met.
-
B.B. Bean bbbean@xxxxxxxxxxxxxx
Bean & Bean Cotton Co/Bean Farms http://www.beancotton.com
Peach Orchard, MO
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