Actually the way a goods auction works, especially an auto one, is that
you can set any starting price without a reserve. The reserve is only if
you want a certain amount above that to sell it. The reason virtually
nobody ever would start at a zero bid is you always start your price out
at an acceptable, but a little below, value for what you are selling to
protect against underpayment. There have been documented cases of
bidders getting together in the past and buying cars for well below the
value by just not bidding and then offering a way low price.
Any respectable goods auction, again especially in the car auction
markets, will require a minimum bid. eBay may not really require much if
at all but a known auction, such as Barrett-Jackson, Would not let you
sell a car without a decent starting bid without signing a lot of
paperwork.
Rascal, I'm not trying to challenge you but I just get the impression
that you may not be familiar with rules that most auctions follow.
Jeff Durling
-----Original Message-----
From: owner-dakota-truck@bent.twistedbits.net
[mailto:owner-dakota-truck@bent.twistedbits.net] On Behalf Of Rick
Barnes
Sent: Thursday, May 08, 2003 10:05 AM
To: dakota-truck@dakota-truck.net
Subject: RE: DML: RE: 1999 Dakota R/T - HEAVILY MODDED - $8800!!!
Sorry, not trying to sound as if I am arguing, just think its silly to
say
no reserve when in fact there is one.
Rascal
This archive was generated by hypermail 2b29 : Fri Feb 06 2004 - 11:46:18 EST