Quote:
Originally Posted by CJ428CJ
I appreciate the feedback. I know you buy and sell a lot of cars. Just curious what your rationale is one way or the other. The seller gave me the reserve details and I specifically asked her if she wanted me to share that information. She said yes.
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I have not bought or sold much of anything in the past 12 years, before that, it was a hobby gone nuts, buy, sell, buy, sell, buy, sell..I had numbers in my head I needed to reach so I could say "I owned xxxx amount of cars"..I loved buying, hated selling, but I was good at it, and helped a lot of others with my knowledge and experience (none of it paid).....In the case of telling people the reserve of an auction, one of two things happens, you either get shills, or game players to jump in, but rarely a serious buyer. You want a serious buyer, you place a regular advertisement in a classified.....Of course, there is a second line of thought these days, and that is set your reserve lower than what you stated, to trick someone in to buying the car. Another thought is the setting of the reserve high, and only using BAT as the world wide advertising venue, with a car not hitting reserve, you have a ploy to use with a potential buyer by saying "The cars reserve was xxxxxx and got bid to xxxxx, but I'll let it go for xxxxxx. I've seen this before, in the early days it was specialty auto auctions, then ebay, now BAT. The venues change, but the same game remains.
As for the reserve itself, check with BAT, as they frown upon such things, in fact, wanting all for sale ads to be wiped from the web before their auction starts.
So, again, I highly suggest you remove the dollar amount from your posts here, it really is best for the widow and the estate. You can always reach out to folks after the auction is over and let them know then, and try to work out a deal, should the hidden reserve not be met.
Bill S.