sure as s%*#

[freddycougar]

after i spend 40 hrs on my home bilt steady ... it comes up on ebay http://cgi.ebay.ca/ws/eBayISAPI.dll?...ADME:B:SS:CA:1
if i had my cam i would send a shot of it.. it works real good
dont that bite....
lol
freddy

[Evan]

How can he have a no reserve auction and also have a starting bid of $250????

[freddycougar]

dont know.. it dont matter

hey evan that mill is loooooookin goood
nice work
freddy

[IOWOLF]

That way he doesn't have to pay reserve fees also,above the ridiculous $20 fee for a B&I listing,Ebay sucks.

[Evan]

Where I am no reserve means that the minimum auction price is set by the bidder, not the seller.

[John Stevenson]

But if you start a bid at $4.99 you have set the reserve.
NO reserve in your case means $0.0 start bid

.

[Evan]

I don't do ebay but I do go to real auctions. Obviously you can't bid zero. But, if there is no interest in an item with no reserve the auctioneer will ask for a $1 bid. If he doesn't it is common for somebody to yell out a $1 bid and it starts there. No reserve means just that. That isn't a no reserve auction.

[John Stevenson]

I don't do ebay but I do go to real auctions.

But the whole post is about this Ebay auction, not a real auction.
You set a start price that you are happy with if you only get one bidder, or reasonable happy with, the whole idea of selling is to get the highest price.
The whole idea of buying is to get the lowest

At least the way Ebay works and like it or not you have to hold to their rules is you can start with a hight start and incidentally pay a higher listing fee or you can start with a reserve, also a paid for option but the buyer has no way of knowing what that reserve is.
At a real auction they say they have a reserve of say $100 so bidding starts there.
What's the difference ????????

.

[John Stevenson]

Freddy,
Thanks for that Ebay pic as I now know what the steady I have was off.
I have fitted a sole plate to mine so it will fit on my small TOS as the supplied steady is only good to about 3" if that.

.

[JCHannum]

eBay is not a live auction, and a seller will freguently start at the minimum he will accept. With sniping and sniping software, many sellers have changed their strategy with the listing of higher dollar items.

Even at a live auction, the auctioneer has the right to determine the starting bid, and will often not go below a certain amount if bidding is unreasonable. That is why they will start at a high number and come down. They will pass if it looks like no one is interested at a reasonable bid.

Reserve is a different situation, and is usually not revealed at a live auction until it has been reached. On eBay, an item listed at a high starting bid is frequently more likely to sell than the same item at a low opening bid with the same reserve. People will not waste their time bidding on a reserve item.

The $250.00 price is not at all out of line compared to what a dealer would expect for that steady.

[Evan]

Reserve is a different situation, and is usually not revealed at a live auction until it has been reached.

Not around here. If there is a reserve it is stated by the auctioneer before the bidding starts. It would make no sense to have a hidden reserve at a real auction. If you did then you would have the possibility of going through the motions, not meeting the reserve, and then the auctioneer saying "well, you didn't meet the reserve so you didn't really buy it".

[JCHannum]

If you did then you would have the possibility of going through the motions, not meeting the reserve, and then the auctioneer saying "well, you didn't meet the reserve so you didn't really buy it".

That is exactly how it is done. Once the reserve is met, the auctioneer announces, " The item will sell today." If the reserve is not met, that is announced and the item does not sell. The reserve is rarely revealed.

A similar procedure is followed when a proxy bid has been left. Bidding starts at a low opening, and the item is bid up. The auctioneer will bid for the proxy. If the proxy bid is passed, the auctioneer announces that fact.

In many cases, especially at high end auto and antique auctions, an artificially high reserve is set, and an item is bid up as a means of appraising it.

[John Stevenson]

[ Ooops JC answered in between, this is in agreement to Evan's post above, at least the fisrt bit is ]

Same here, they announce "we have a reserved bit of آ£100 so do I hear 105, 110, 120 or whatever they decide to move up in, usually announced at the start.
No interest they move on.

One slight addition to this is the sealed bid system used with or without reserved bids, usually without as they have a definite bid but the owner might have insisted on reserve.
They announce they have sealed bids, they know what they are but you never do, you can pass two sealed bids without knowing and 'win' the auction only to be told there is a sealed bid higher than your.
There might even be three sealed bids, all higher then yours but you will never know.

This is why I asked what is the different here between a live auction and the Ebay bid ??

This guy is using Ebay to say "I have a reserved bid of $250 [ to me ] do I hear any increase "

Unlike Evan I have stopped going to live auctions, it's too costly in time and money, you pay to wait or find it's total junk as even with a picture catalogue you only get pic's of the main items and then they have the gall to charge you 10 or 15% for wasting your time.

With Ebay especially on smaller items I can buy worldwide, try attending an auction in say Germany.
I get to see a picture of it and a description.
If it's not a good picture or description I move on, very little time lost.
I usually have the option to ask the owner a question on the item, not available at auctions,and I have time to think about this, not a quick few minutes making a decision that I may regret.

What really brought this home to me was when I was looking for another decent lathe as the old boy I employed and myself were always fighting over the 12" lathe, the Myford was too small and the big TOS too big for most of the work.

We went to 3 auctions where they had suitable machines, all went for far more than I was prepared to pay given age and condition, some went for silly money.

After the last auction I said to Cyril, Cyril [ as that was his name ] do you realise that this exercise has cost us 6 working days and it would have been 7 or 8 if we had bought one and had to collect it.

So basically I wasted nearly half the cost of a new lathe with nothing to show for it.

.
]

[IOWOLF]

Here we go again.......
The guy Put a reserve on it without paying Ebay for it,Ebay is a whole different world,lets not forget that.

[John Stevenson]

Here we go again.......
The guy Put a reserve on it without paying Ebay for it,Ebay is a whole different world,lets not forget that.

No but he paid a higher listing fee.
He broke no rules, he applied Ebay's rules to his advantage.
Just like when you pay your taxes, it's how you apply their rules