Reply to "Moving up on the curve"

jlr43Member

That sounds like a good plan for a BIN auction. By bidding at the starting bid you're eliminating the BIN option and gives you a chance to get it for a better price. I'm sure the seller doesn't like your strategy tho.

As a seller I usually set my BIN price just a little higher than the opening bid. When I sell it's to get rid of stuff, not really to make a whole lot of money. The one time I sold a high priced item I set a BIN price, a low opening bid to attract buyers and a reserve. Your strategy would not work in that situation unless your max. bid met or exceeded the reserve (which in my case was a little less than the BIN).

It's a great idea for a BIN auction with no reserve tho. I'll have to remember that. Thanks.

11/23/036:16 AM

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