Quote:
Originally Posted by Robert Dillon
What Mr. Dudley said about 'proper prices.' But on the other hand, a true auction will start at .01 or $1, and let the market dictate the final outcome. Just my .02 worth.
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I don't 100% agree I sell a lot of things on consignment on GB . Hence the seller tells me what they want for said item I add my commission as well as what I think GB will charge for the sale and that's what I start the gun at . I do not put reserves etc on the item I show you where you're at to get in the game and if you want in you bid and if not you go on your way . And as far as "true auctions" are concerned I've been to MANY live in person auctions that had reserves set on variouse things and 90% of the time they didn't tell you until the bidding on that particular item was over . About 8 years ago I went to a local Auction House to bid on an original Pennsylvania Longrifle sat there for 4 hours until this thing came to the block , no one would bid higher then 4G's only to find out the reserve was set at 8G's . That auction pissed me off as I wouldn't have gone if I'd known that but I'm sure Rock Island and Julia pull the same type thing .
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