Archived posting to the Leica Users Group, 2003/01/10

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Subject: Re: [Leica] FS -- For those in need.
From: Jerry Lehrer <jerryleh@pacbell.net>
Date: Fri, 10 Jan 2003 12:27:21 -0800
References: <Pine.GSO.4.40.0301100859180.4287-100000@pollux.cc.umanitoba.ca> <p05100305ba449da928b4@[192.168.1.33]>

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

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In reply to: Message from Chris Brogden <umbrogde@cc.UManitoba.CA> (Re: [Leica] FS -- For those in need.)
Message from Christer Almqvist <chris@almqvist.net> (Re: [Leica] FS -- For those in need.)