Thread: E-Bay question
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Dottore
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Join Date: Jun 2005
Location: Hamburg & Vancouver
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Update:

OK. Here's where we are.

24 hours left.

I'm the current high bidder, but the reserve has not been met.

Just now, 24 hours before the close, the seller adds a "Buy It Now" price that is 3 times the price I have just bid. There is one other bidder that appears to be serious.

The BIN price is very, very high for this kind of car BUT the car does appear to be perfect, and the BIN price can be justified by reference to collateral factors (other than normal price guidelines)—for this car.

I would be interested in your more experienced comments on the rationale for introducing a BIN price 24 hours before close. It's a bit like fishing with bacon instead of worms. Maybe that's the point.

I'm thinking, in E-Bay terms, 24 hours before close is an eternity right? I mean this thing could triple or quadruple easily in the next 24 hours.

So what advice do you have for this E-Bay virgin on the simple facts I have posted?
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