I am putting my statuette up for bid. Starting bid will be 1 million Reserve at 3 million Auction ends 24h after last bid If you think you have something I would want in trade let me know but I don't want any statuette good luck!
You said "reserve at 3 million" Is this correct or did you mean buyout? Or is 3 million the least you are accepting......
Reserve meaning the least he has to accept, according to the terms. If the standing high bid after 48hrs is under 3m, he does not have to sell it, but can choose to.
Thank you. I understand what a reserve is. I am clarifying if what he said was correct because I am interested in bidding. However I do not do auctions with reserves millions more than SB as I see that as a waste of time.
The small bid is a million. Having the Reserve 3x the small is not a waste of time, it is appropriate and slightly zealous at best. It's not a required mark, just a 'too good to not sell it' mark for the seller. I'd be willing to wager he will take the high bid when it stagnates. People tend to get gold coins for eyes whenever they are asked about value of an item. I do my best to guide them to reasonable levels. It's just like Pawn Stars. Guy comes in with unknown item, shop calls trusted expert, expert gives a range of value based on condition, seller immediately says they want the exact high end. This is not how business works and I stopped watching the show because I'm fairly tired of people having that explained to them.
I think the main objection to the "reserve", as defined, is that it is superfluous at best, and prone to favoritism at worst. If he doesn't want to sell for less than 3M, then that should be the opening bid. If he's *possibly* going to sell for less than 3M, then what goes into the determination of whether or not it sells - how much he likes the high bidder? What he had for breakfast that day? I bid 1.5M on the naked man (works two out of three times, guaranteed)
He never said he doesn't want to sell for less than 3m. What he said by those details is that he won't sell for less than 1m and MIGHT NOT sell if it doesn't exceed 3m. It's pretty friggen basic and it seems like no one in the multiverse has ever attended a real auction or even used eBay before. Crazy.
Thanks descartes. I find it slightly rude to hijack my auction with disapproval of the way i decided to run it. Please keep following posts directed towards bidding. Thanks
someone needs to tell ebay that they have things messed up if the seller isn't allowed to put a reserve..jus sayin'
I'm just happy I could cross off "bid on a pixel statue of a naked green eunuch" from my bucket list. I sincerely apologize if my comments detracted in any way from the serious business at hand here.
OK, my response to Blaise was to Blaise. I understand, and understood then what a reserve is. All I was simply asking you Jhile is if your stating of reserve was in fact reserve and you didn't mean buyout. I meant no criticism. That is it. I'm not really sure why this turns into "people don't know auctions" when I was asking a simple clarification. Thanks
Understandable, I hope from this point on it stays positive. I'm here to just sell an item not start an argument. If someone was to offer me more than 3 million I would highly consider it being a buyout
