When do you close an Auction
So question is, if one puts an item/items up for auction.
At an auction buy price that is a good listing price, to encourage bids, within 24 hours of the end no bids are made. Does one cancel the auction.
For $10 I would have thought these would be an OK bargain, I must be wrong
https://www.hipstamp.com/listing/great-britain-older-issues-7/12735854
ned931
At an auction buy price that is a good listing price, to encourage bids, within 24 hours of the end no bids are made. Does one cancel the auction.
For $10 I would have thought these would be an OK bargain, I must be wrong
https://www.hipstamp.com/listing/great-britain-older-issues-7/12735854
ned931
Comments
https://www.hipstamp.com/listing/great-britain-older-issues-7/12735854
29 views, $10, no bids
https://www.hipstamp.com/listing/jamaica-older-issues-used-29/12736219
5 Views, sell $1, no bids
https://www.hipstamp.com/listing/british-solomon-islands-10-bi-colour/12761358
3 views 50 cents, no bids
https://www.hipstamp.com/listing/new-zealand/12761418
2 views, $1, no bids.
https://www.hipstamp.com/listing/ethiopia-mint-hinged/12797158
That's not the question. Question is " if one puts an item/items up for auction.
At an auction buy price that is a good listing price, to encourage bids, within 24 hours of the end no bids are made. Does one cancel the auction.""
ned931.
Patience is a requirement in sales. Many people don't have that, and expect a sell-out almost immediately. It usually doesn't work that way. It is a well known fact that with online auctions most items get the most bidding activity in the last hour.
thank you all for your input, much appreciated.
Sam931
23 Views, $10, no bids.
https://www.hipstamp.com/listing/great-britain-older-issues-7/12735854
29 views, $10, no bids
https://www.hipstamp.com/listing/jamaica-older-issues-used-29/12736219
Interesting though as the war stamps (Jamaica 2 of), would have been great stamps to add to a collection if one did not have them
I have no idea of what that $10 is buying. Take a look at Ebay early British colony lots and consider that starting bids are usually at a small percentage of catalog. There is a lot of 4 MH Jamaica Officials on Ebay with a stated catalog value of 60 pounds starting at $6.
Just trying to be helpful here - if an auction doesn't carry some risk for the seller the buyers will be few and far between. You need to start them at a price low enough to hurt and you need to have enough at auction so the law of averages works for you. When I had an antique shop and dumped stock every so often there were items I paid $20 or $30 for that sold for $5. There were also items I had priced in the shop at $5 that went for $20 or $30. It evened out and I was generally happy with the final outcome.
Watermarks, no idea. $10 is about 2 glasses of beer here in Australia.
Obviously no one wanted to spend the cost of a couple of beers.
You are trying to be helpful, no problem with that, much appreciated
Sam
Any collector that thinks that the stamps they have worth a sell-able price at Scott, or any other Cat. listed price, dream on
CVs are a point of reference, and a useful one at that. If you are selling a lot of 30 stamps, at a starting bid of $10, it is useful to know if the catalogue value is $50, in which case the $10 minimum bid may be reasonable, or if they are all minimum value stamps, with a total Scott Catalog value of $7.50, in which case they are grossly overpriced.
Dealers pay bugger all, if anything.
I purchased today Lord Of The Rings NZ$200 for AUD$70
What did the seller get, I'll bet not much more than AUD$20
Dealers travel all over the world to exhibitions, whatever, etc. Their business pays for that, plus getting a Tax reduction for costs involved.
It's a wild process, and one has to understand, a high class well known dealer, that travels worldwide, expect nothing for what you send them
yet there is 44 views and 4 have a watch,
Place a bid, no bids , bugger off
after 4 days, I delete the auction.
Ending auctions early will generally confuse and frustrate bidders and potential bidders, which is why it's not something we encourage, except in the case where there's an issue with the listing.
Many, if not most, of the bids auctions receive are on the last day, and in the last hour. The number of watchers on an item is also a good indication of how many people may be waiting to place a bid.
Also, I didn't understand your comments about the Dealers. I'm not sure what "Dealers pay bugger all" means. I am puzzled about how your comments about Dealers are relevant to the post.
Please help me understand, since I am down-under from you!
Bugger all
Sometimes hyphenated. A British expression meaning "nothing."