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Implement Alley Discussion Forum

Re: Consignment sale, Morrow Co, Oh..??

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Harvey 2

02-02-2013 06:19:33

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My problem with (most) consignment sales is, one doesn't know if they are bidding against the owner that is trying to get the most out of the item.
I don't blame them for wanting the max they can get, but a more fair way would be to put a reserve on said item. I have been to sales where the same person has bought the same item for the last several sales. Also the buyers premium turns me off in a hurry. What does most of you all think about it?

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02-02-2013 12:04:40

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 Re: Consignment sale, Morrow Co, Oh..?? in reply to Harvey 2, 02-02-2013 06:19:33  
No buyers premium at this sale

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02-02-2013 09:48:34

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 Re: Consignment sale, Morrow Co, Oh..?? in reply to Harvey 2, 02-02-2013 06:19:33  
Around here they either have to put a reserve on and it is anounced it has a reserve or no reserve and it goes, not allowed to bid on your own items.

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02-02-2013 06:36:11

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 Re: Consignment sale, Morrow Co, Oh..?? in reply to Harvey 2, 02-02-2013 06:19:33  
It don't really matter who you are bidding against. You only bid on what you are willing to pay for it. Goes too high,walk away

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Mike Aylward

02-02-2013 11:20:43

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 Re: Consignment sale, Morrow Co, Oh..?? in reply to Bob7337, 02-02-2013 06:36:11  
You can't control what others will pay for something. I've always tried the "two bids and I'm out" system. If two bids won't get the item I back away. Sometimes I get in later if the price is still acceptable but there's no need in running it up on yourself. To defend the right of the free market, I once heard something that stuck with me. "If people are bound and determined to spend their money it's morally wrong to deny them the priviledge"...:) Mike

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