Well, at least this killed the 'sack' thread.
-----Original Message-----
From: Rick Barnes [mailto:barnesrv@attbi.com]
Sent: Thursday, May 08, 2003 11:41 AM
To: dakota-truck@dakota-truck.net
Subject: [SPAM] RE: DML: RE: 1999 Dakota R/T - HEAVILY MODDED - $8800!!!
I am totally familiar and appreciate the long explanation that you went to
the trouble of typing. Nonetheless, at the Barrett Jackson auction, (where
I have purchased cars), NO RESERVE is NO MINIMUM and the sale is final. So
a minimum bid is a reserve, plain and simple.
Rascal
-----Original Message-----
From: owner-dakota-truck@bent.twistedbits.net
[mailto:owner-dakota-truck@bent.twistedbits.net] On Behalf Of Jeff Durling
Sent: Thursday, May 08, 2003 11:21 AM
To: dakota-truck@dakota-truck.net
Subject: RE: DML: RE: 1999 Dakota R/T - HEAVILY MODDED - $8800!!!
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
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