Loginology

Incase anyone is shopping:

http://cgi.ebay.com/ebaymotors/ws/eB...&category=6770

UCSBgeek

Is it just me or is it stupid to have the buy it now option $25 higher than the opening bid?

Loginology

Not if you're looking to sell it as quick as possible.


are you saying it's stupid to make it ONLY $25 higher, or are you saying it's stupid to have it higher?

UCSBgeek

No $25. Because then it's only a few bids away from being the buy it now price... I dunno...I'd figure it'd be more like $1000 starting bid, $1250 buy now...

What would the point of it being an auction?

Loginology

Someone is more likely to use buy it now if they know it will end up being more expensive to wait. That's what buy it now is really for.

The point of it being an auction and not a set price is because there are people who don't think logically and would say "hey I can save $25 if I bid and no one else does!", and if that happens, the auctioner gets more money out of it.

mazdaspeedwest

Also, to have the buy it now feature, the buy it now price has to be higher than the bid price.

It's marketing....for an extra $XX, you get the item NOW! and it's yours, no waiting, no bidding, no hassle. It's yours!

the buy it now option disappears when a bid is placed, but it's the chance you take that someone else does not bid and you end up going over the $25 BIN price. Basically it's an impulse buy, like the crap they have at the registars at stores...your standing in line waiting and staring at all this crap...hey i feel hungry, wow candy bars...get the idea