03-31-2009, 09:53 AM
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Senior Club Cobra Member
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Join Date: Feb 2007
Cobra Make, Engine: KMP 539, a Ton of Aluminum
Posts: 9,592
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Not Ranked
el, thanks for including the link. I forgot it.
Raising the price after not selling the item at a lower price seems to be a very common strategy. I'm not sure what "it" is, but I'm sure the reasoning is sound. 
D&M in Glen Ellen, IL just recently employed the same strategy on a SPF MKII GT40. The bidding got up to $55,000 +/- and the BIN price was $59,800. The roller did not sell. Then a few days later, the same car was relisted by D&M with a BIN price of $69,800. I don't get it. |
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