What does this mean?

beauxgoris · Apr 30th, 2008, 07:54 PM

So I listed an item on Sunday for a 10 day auction - as of now 3 days have gone by. I started the auction at $1.00 with a reserve (to protect close to what I paid) and a BIN option.

Well in 3 days I have 20 watchers 100 hits but no bids! What gives? Why all the watchers but no bidders.

Melissa Ann · Apr 30th, 2008, 07:59 PM

People have this theory that bidding before the end unneccessarily ups the price bc you put in your max bid and people will pick at your max to try to see if they can outbid you it if you bid early.

That has happened to me many times, and within a day of end someone starts the bidding. If it is a good item, they will all bid within the last 5 minutes or so...

I find that some of my auctions, one person was the winning bidder the whole time. They really really wanted it and put in their absolute max and rode it out. But most of the time, it all happens in the last hour or so...

moi et mes sacs · Apr 30th, 2008, 08:30 PM

I have given up on 10 day auctions. Honestly it all happens in the last few minutes. But lots of people will be getting ready for the end so just enjoy watching the auction at the end...

i_love_yorkie · Apr 30th, 2008, 10:10 PM

i am 1 that WATCH and wait until the last 3 mins

4theluvof-it · Apr 30th, 2008, 10:30 PM

Last week I had bids on 9 different items before they closed, I had around 70 or so watchers between different items. By time my items ended I had 27 items with bids all that came at the last minute!

Good luck!

genaeco · Apr 30th, 2008, 11:01 PM

I also wait until the end!

beauxgoris · May 1st, 2008, 12:04 AM

Okay I feel a bit better. I just hope I get SOME bids. None at all (but with 20+) watchers is making me nervous. I'm worried that people just want to see how high it goes or if it will sell - not necessarily to bid, ya know?

b3stbuy · May 1st, 2008, 12:16 AM

heheh i get what you're saying i do that sometimes...when i see an item thats interesting i just watch it and see the highest price that it will go for :)

skigirl73 · May 1st, 2008, 12:27 AM

I have that happen with my auctions all the time. People like to wait until the last minute. Or they are using an auction sniper and bidding in the last few seconds. It kinda sucks, but people are usually just trying to get a good deal.

chipmunk-pnw · May 1st, 2008, 05:34 AM

It could help if you disclosed your reserve. As a buyer I usually get put off by reserve prices where starting bid is way way low. Even if it might be a bag I desire, I give it a miss.

Varied_obsessions · May 1st, 2008, 08:11 AM

Quote:

Originally Posted by moi et mes sacs

I have given up on 10 day auctions. Honestly it all happens in the last few minutes. But lots of people will be getting ready for the end so just enjoy watching the auction at the end...

ITA with this.

beauxgoris · May 1st, 2008, 03:39 PM

^^Okay thanks guys. Fingers crossed!!

beauxgoris · May 2nd, 2008, 01:33 AM

In terms of "getting a deal" - don't most bidders assume that the reserve price is somewhat close to the BIN price? People really don't expect that I'm selling a $500.00 item for $30.00. Do they?

Apr 30th, 2008, 07:54 PM	#1
beauxgoris Member	What does this mean? So I listed an item on Sunday for a 10 day auction - as of now 3 days have gone by. I started the auction at $1.00 with a reserve (to protect close to what I paid) and a BIN option. Well in 3 days I have 20 watchers 100 hits but no bids! What gives? Why all the watchers but no bidders.

Apr 30th, 2008, 07:59 PM	#2
Melissa Ann Member Location: NY	Re: What does this mean? People have this theory that bidding before the end unneccessarily ups the price bc you put in your max bid and people will pick at your max to try to see if they can outbid you it if you bid early. That has happened to me many times, and within a day of end someone starts the bidding. If it is a good item, they will all bid within the last 5 minutes or so... I find that some of my auctions, one person was the winning bidder the whole time. They really really wanted it and put in their absolute max and rode it out. But most of the time, it all happens in the last hour or so...

Apr 30th, 2008, 08:30 PM	#3
moi et mes sacs Science Geek!	Re: What does this mean? I have given up on 10 day auctions. Honestly it all happens in the last few minutes. But lots of people will be getting ready for the end so just enjoy watching the auction at the end... __________________ If you never change your mind, why have one? Edward de Bono

Apr 30th, 2008, 10:10 PM	#4
i_love_yorkie and BAGS Location: VN<->US	Re: What does this mean? i am 1 that WATCH and wait until the last 3 mins

Apr 30th, 2008, 10:30 PM	#5
4theluvof-it Member	Re: What does this mean? Last week I had bids on 9 different items before they closed, I had around 70 or so watchers between different items. By time my items ended I had 27 items with bids all that came at the last minute! Good luck!

Apr 30th, 2008, 11:01 PM	#6
genaeco Member	Re: What does this mean? I also wait until the end!

May 1st, 2008, 12:04 AM	#7
beauxgoris Member	Re: What does this mean? Okay I feel a bit better. I just hope I get SOME bids. None at all (but with 20+) watchers is making me nervous. I'm worried that people just want to see how high it goes or if it will sell - not necessarily to bid, ya know?

May 1st, 2008, 12:16 AM	#8
b3stbuy Member Location: land of the 3 stars and the sun	Re: What does this mean? heheh i get what you're saying i do that sometimes...when i see an item thats interesting i just watch it and see the highest price that it will go for :) __________________ ~to my dogs, i am perfection personified...and i only hope that i am the person they think me to be ~

May 1st, 2008, 12:27 AM	#9
skigirl73 Member Location: Denver, CO	Re: What does this mean? I have that happen with my auctions all the time. People like to wait until the last minute. Or they are using an auction sniper and bidding in the last few seconds. It kinda sucks, but people are usually just trying to get a good deal. __________________ 20% off Xengevity for tPF members. Contact me to find out how. www.myxengevity.com/vickibruno

May 1st, 2008, 05:34 AM	#10
chipmunk-pnw ^.^ Location: USA	Re: What does this mean? It could help if you disclosed your reserve. As a buyer I usually get put off by reserve prices where starting bid is way way low. Even if it might be a bag I desire, I give it a miss.

May 1st, 2008, 03:39 PM	#12
beauxgoris Member	Re: What does this mean? ^^Okay thanks guys. Fingers crossed!!

May 2nd, 2008, 01:33 AM	#13
beauxgoris Member	Re: What does this mean? In terms of "getting a deal" - don't most bidders assume that the reserve price is somewhat close to the BIN price? People really don't expect that I'm selling a $500.00 item for $30.00. Do they?