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Alena Mars
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Posted - 2006.12.04 11:12:00 -
[1]
At this time a lot of the first round of auctions are starting to end, and it's quite possible to take advantage of some of the people who were not too familiar with the system and get some stuff for quite cheap.
Old Auctions seem to get lost to the 'back pages' of the contracts section, and it's in this place you can find the ones closest to their end date.
Unlike typical auctions, these ones don't have a reserve, so people who are used to setting a low starting bid to generate interest could end up having an expensive item go for rock bottom prices.
Something for bargain hunters to keep a look out for, and be sure to get in and act quick! Even if it's not something you personally use, you can always resell it where demand may be higher. |
Jameroz
Independent Frontiers Chorus of Dawn
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Posted - 2006.12.04 11:21:00 -
[2]
Guess people just have to learn that starting price = reserve
Independent Frontiers is recruiting |
Barbarellas Daughter
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Posted - 2006.12.04 11:39:00 -
[3]
I always wondered about the reserve in the sell forums. Its so... useless.
I mean if somebody wants 10m for an item, why start the auction at 5m and set a reserve to 10m? I dont get it.
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Kredan Rasok
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Posted - 2006.12.04 11:47:00 -
[4]
Originally by: Barbarellas Daughter I always wondered about the reserve in the sell forums. Its so... useless.
I mean if somebody wants 10m for an item, why start the auction at 5m and set a reserve to 10m? I dont get it.
its called a reserve because until the bid exceeds this amount the seller reserves the right not to sell the item, same thing applies to a real estate auction in your hometown or just about anywhere else on earth. It also allows the seller to see how much interest there is in thier item.
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Hoshi
DAB RAZOR Alliance
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Posted - 2006.12.04 11:53:00 -
[5]
Originally by: Kredan Rasok
its called a reserve because until the bid exceeds this amount the seller reserves the right not to sell the item, same thing applies to a real estate auction in your hometown or just about anywhere else on earth. It also allows the seller to see how much interest there is in thier item.
The problem is by setting a reserve you are lowering the interest in the item, specially if it's a hidden reserve like many use. I know many (including me) who will never bid on an auction if it has a hidden reserve. ---------------------------------------- A Guide to Scan Probing in Revelations |
James Snowscoran
Coreli Corporation Corelum Syndicate
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Posted - 2006.12.04 12:10:00 -
[6]
Originally by: Hoshi
Originally by: Kredan Rasok
its called a reserve because until the bid exceeds this amount the seller reserves the right not to sell the item, same thing applies to a real estate auction in your hometown or just about anywhere else on earth. It also allows the seller to see how much interest there is in thier item.
The problem is by setting a reserve you are lowering the interest in the item, specially if it's a hidden reserve like many use. I know many (including me) who will never bid on an auction if it has a hidden reserve.
Hidden reserves are lame as hell, but visible reserves are fine. They allow a seller to entertain bids below the 'minimum' price without any making any binding commitments. -----
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Tachy
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Posted - 2006.12.04 12:18:00 -
[7]
Any reserve in an auction is like those hollow job ads done by some companies to show their competitiors how good they are.
Just plain useless, and if someone pokes at it, it deflates into nothingness.
The auction system is kinda weird. The items I auctioned off successfully all got a single bid at the buyout, regardless of the remaining time.
That I have to finalize the auction when someone offers to grab the stuff at my chosen buyout price is just plain weird.
Maybe there'll be a change in the next update to the system ... --*=*=*--
The cause for this is not yet known, but we do have a possible fix in testing. by Sharkbait | 2006.09.20 |
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