Quote:
Originally Posted by GregWeld
The only other thing I would change -- with an auction - you don't care where the bidding STARTS -- you only care where it ENDS... You've done two things that I would not do on Ebay or at any auction.... Which is different than an ad in the local paper.
Don't set where she starts - and why would you LIMIT in an auction - where it ends -- what if a guy was willing to buy it for 57K? All you need is TWO or more people that want what you have - and are willing and able to pay for it. So if it was mine - I'd set a RESERVE - without telling ANYONE what that reserve is - and let the "market" set the price. If it doesn't meet your reserve - you don't sell the car... and the market speaks what their willing to pay.
Now - once you have some bidders -- and if it doesn't make your reserve - you can always start chatting to the bidders - because the high bidder might have been willing to bid more - but if the "second guy" didn't BUMP HIM UP - his higher max bid never gets there...
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Greg thank you very much for the insite. I thought about how to list the car for the last couple of weeks. If I was willing to list the car over and over waiting months I think your way is better. Since the car is only going to be for sale for about a month I just decided to lay my cards on the table. I came up with the absolute least I would take for the car and knocked another 500.00 off that for a starting bid. The buy it now price is my get to buy a little more shop equipment price after home repairs. If the car was complete with show car paint I might have done it a little different but needing paint, a top , and still the stock engine I will be more than OK if it does sell in the range I put out. If it doesn't then I will go a differnet direction on my house and continue building and improving this car.