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Speedster on ebay

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  • Kdancy
    replied
    Originally posted by studefan View Post
    KDancy, I was simply commenting on the your concerns about not being told the reserve before the auction ended and therefore you didn't place a bid. My only point is that most serious bidders bid without knowing the reserve price. That's the way it's suppose to work on ebay and most other auctions. Like you, I also wait until the last day to bid. I think that's a good strategy.
    No hard feelings on my part, I just made a simple statement about the auction and complete lack of communication when asking a question after it first posted on Ebay. Another bidder would have been added on the last day if the facts were known. Doesn't guaranty he would have won the action but the selling price would have been higher for sure.
    If the buyer wants more than I am willing to spend, why waste my or his time with me bidding ? Move on to something else. Nothing strange for a buyer to give his reserve when asked, in my experience it is the exception not to give it when I've asked sellers. In my opinion the auction should start at that price anyway. Why bid early and just push the auction price up for the next guy? It's one thing to do it at a live auction that takes a few minutes of time, quite different on an on line auction that can take up to 9 days. In this case, I needed to let the potential buyer know that the reserve was in his budget. If not, no sweat, just move on and don't waste time like I am doing on this thread!---------
    Last edited by Kdancy; 09-06-2011, 01:33 PM.

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  • MRHawkes
    replied
    JDP, you are a patient man. People are still badgering you for explanations, even now that the car is sold.

    Originally posted by JDP View Post
    It's against ebay rules to disclose the reserve since it gives a big advantage to the bidder that knows it. They consider it like "inside trading"
    My experience with Ebay works like this: If a Buyer is motivated, make your top bid then shut up and wait to see if it’s enough. Sometimes you win, sometimes you don’t. Please stop pestering JDP, he only put together this great ad for Jeff’s sister. A job well done.

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  • JDP
    replied
    Originally posted by LStratton View Post
    Please explain how one would have a big advantage by knowing the reserve.
    Say you knew the reserve was $28K, you could just wait until the last few seconds and bid 28K, make reserve and not fear being in a real auction. If we had a 28K reserve on the Speedster for example and shared the reserve we might have a half dozen bids in the last ten seconds within a few dollars of that figure and lost over 6K in bids. It also would encourage bidders to try and bypass ebay on cars with a extremely low reserves. If I found a nice GT Hawk had a 2K reserve, you can guess that I'd offer double that to sell me the car and end the auction early before it received enough bids to make the reserve.
    As others have noted, I've never heard of a auction where the reserve is shared with just some of the bidders.

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  • LStratton
    replied
    Please explain how one would have a big advantage by knowing the reserve.

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  • JDP
    replied
    Originally posted by Jerry Forrester View Post
    If a person has a car on auction, why would he divulge the reserve. It seems to me there would be no reason to have a reserve if you was going to tell anyone where it was set. I've never auctioned a car and I was just wondering.
    Some bidders will place say a 100K bid just to find the reserve than retract their bid. I got wise to that maneuver and just add them to my blocked bidder list. If one bidder knows your reserve, he has a big advantage over the other bidders.

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  • Jerry Forrester
    replied
    Originally posted by Kdancy View Post
    You don't know him or me so quit making assumptions as if you do. I never bid on a car until the last day, why should I ? It was my call to make and I don't play games with some one else's money. When I didn't get a timely answer from the seller (actually none at all) I moved on. Communication means a lot to me on a big ticket item, but there are plenty of other cars out there and I doubt we will have a problem finding him a different one to go with the others in his collection.
    If a person has a car on auction, why would he divulge the reserve. It seems to me there would be no reason to have a reserve if you was going to tell anyone where it was set. I've never auctioned a car and I was just wondering.

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  • studefan
    replied
    KDancy, I was simply commenting on the your concerns about not being told the reserve before the auction ended and therefore you didn't place a bid. My only point is that most serious bidders bid without knowing the reserve price. That's the way it's suppose to work on ebay and most other auctions. Like you, I also wait until the last day to bid. I think that's a good strategy.

    Leave a comment:


  • Kdancy
    replied
    Originally posted by studefan View Post
    Final price was $34,100.

    KDancy, there is no logical reason for your buddy not to bid up to his personal limit to see what happens. In the end, he wasn't really serious about purchasing the car.
    You don't know him or me so quit making assumptions as if you do. I never bid on a car until the last day, why should I ? It was my call to make and I don't play games with some one else's money. When I didn't get a timely answer from the seller (actually none at all) I moved on. Communication means a lot to me on a big ticket item, but there are plenty of other cars out there and I doubt we will have a problem finding him a different one to go with the others in his collection.

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  • studefan
    replied
    Final price was $34,100.

    KDancy, there is no logical reason for your buddy not to bid up to his personal limit to see what happens. In the end, he wasn't really serious about purchasing the car.

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  • mmagic
    replied
    Where did it land $$ ?

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  • JDP
    replied
    Originally posted by Kdancy View Post
    I have a friend whom I restored a 55 Sedan for, would have went around 6 thou higher than the Speedster sold for but I never received an answer from a question that I asked about reserve so I didn't pursue it.
    Now he is looking for a 50's convertible.

    It's against ebay rules to disclose the reserve since it gives a big advantage to the bidder that knows it. They consider it like "inside trading"

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  • Kdancy
    replied
    I have a friend whom I restored a 55 Sedan for, would have went around 6 thou higher than the Speedster sold for but I never received an answer from a question that I asked about reserve so I didn't pursue it.
    Now he is looking for a 50's convertible.

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  • JDP
    replied
    4 hours to go, and I asked Jeff's sister to allow me to drop the reserve a bit to give the auction a kick start and it made it. 4053 views so far, 240 watchers, 20 bids and at $32999.
    (the odd amount is a little trick I use to lower a reserve by a odd amount)http://cgi.ebay.com/ebaymotors/290603219848

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  • JimK
    replied
    The car is absolutely superb.

    The photos really document the car well; many are TW cover quality (I like the setting), even some of the shots of the engine.

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  • Chris Pile
    replied
    Soon as Publishers Clearinghouse brings me a check I'm bidding on that Speedster. I LIKE IT!

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