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Electronic and Mechanical Found a steal of a deal? Share the wealth! Link them here

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Old 10-02-2006, 02:44 PM   #11 (permalink)
Z50
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Join Date: Mar 2006
Location: Boston Massachusetts

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Originally Posted by Deadfall View Post
Here's a question: Why would the seller list the reserve price in the auction and then start the bidding below the reserve?
The seller can still sell the marker below the reserve if he/she wants. The way the seller ran this auction is like an OBO, the seller states an asking price (reserve) and sets it to go, they could take less if it is appealing enough, if it goes high enough they know they will be satisfied, and if it goes above the original asking price then more dollars in their pocket (no top end limitations like a Buy It Now would have)
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