bizzycrocheting
|
posted on April 15, 2004 12:05:44 PM new
I have a question about a dutch auction. There are 5 of an item listed for sale. If I win the bid, can I buy all 5 items?
|
stopwhining
|
posted on April 15, 2004 12:22:30 PM new
u have to enter quantity=5 if you want all five.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
|
bizzycrocheting
|
posted on April 15, 2004 12:27:30 PM new
Let me see if I understand correctly, IF I win the auction and choose all 5, I will pay whatever the auction closed out for each. In other words, if the auction closes for $5.00, then I will pay $25.00 for all 5, correct?
|
Twelvepole
|
posted on April 15, 2004 01:14:00 PM new
That is correct
However if you placed a quantity of 5 and there are only 5 available, and someone comes in and bids $6 for one, he would still only pay $5 because you pay the lowest bid price, but you would not be obligated to buy 4 because you wanted all 5, you would not have buy any.
AIN'T LIFE GRAND... 
http://www.nogaymarriage.com/
|
bizzycrocheting
|
posted on April 15, 2004 04:03:36 PM new
Twelvepole -- So what you're saying is you pay the lowest bid price?
|
Twelvepole
|
posted on April 15, 2004 04:41:36 PM new
Yes
Example
I have 12 items up
High bidder is at $25 ea for 2
Second bidder is at $21.50 for 6
third bidder is at $18.00 for 2
fourth bidder is $16.75 for 2
Auction ends...
All bidders get their items for $16.75
AIN'T LIFE GRAND...
http://www.nogaymarriage.com/
|
bizzycrocheting
|
posted on April 15, 2004 04:43:58 PM new
Oh I understand now. But how does a dutch auction pay out for the seller? I mean, wouldn't it be better to list each one individually up to ebay's limit?
|
stopwhining
|
posted on April 15, 2004 04:48:24 PM new
there is a limit on how many listings you can have for the identical item in one day,so you dont hog the auction site.
bidders are not stupid,if they see the same item zillion times,they dont bid more than the minimum bid.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
|
Twelvepole
|
posted on April 15, 2004 05:05:07 PM new
The dutch auctions I have run have made me money each and every time, even with deadbeats.
You just start the min bid where you are comfortable, just like an auction and hope the lowest bid is above that.
AIN'T LIFE GRAND...
http://www.nogaymarriage.com/
|
stonecold613
|
posted on April 15, 2004 08:42:24 PM new
But how does a dutch auction pay out for the seller? I mean, wouldn't it be better to list each one individually up to ebay's limit?
It all depends upon the goal of the seller. Most of the time, it is cheaper to list many items in a dutch auction then listing them separetly. For example, I have 10 items that I am willing to sell for $9.00. If I list these individually, I will pay $3.50 in listing fees. If I list them dutch, I will pay only $2.40 in listing fees. The FVF's would stay the same. Over time, this does add up. Especially on higher priced items.
|
universalexportsllc
|
posted on April 15, 2004 10:14:52 PM new
Twelvepole:
I’m looking into selling dutch for the first time your statement:
“You just start the min bid where you are comfortable, just like an auction and hope the lowest bid is above that. “
Do I understand you correctly? That the winning bid could be lower than your min bid?
Please clarify.
Also is there any other tip or pitfalls that anyone might want to share?
|
stopwhining
|
posted on April 16, 2004 05:33:18 AM new
they cannot bid below his asking price,ebay would give them a message.
best is to try it and find out for yourself.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
|
Twelvepole
|
posted on April 16, 2004 12:28:14 PM new
No they cannot bid below your minimum bid that you set.
in my example my min bid would be no lower than $16.75
I like them for multiple items all at once...
However deadbeats and slow payers are a pain
AIN'T LIFE GRAND...
http://www.nogaymarriage.com/
|
bizzycrocheting
|
posted on April 17, 2004 08:25:55 AM new
Twelvepole -- I'm still having trouble understanding. Here's what it looks like:
Apr-17-04 04:32:23 PDT US $12.25 2 Bidder ( 782) Payment options available when auction ends.
Apr-17-04 04:00:24 PDT US $10.00 1 bidder ( 472) Payment options available when auction ends.
Apr-15-04 19:19:22 PDT US $5.00 1 bidder ( 5 ) Payment options available when auction ends.
Apr-17-04 06:17:39 PDT US $3.25 1 bidder ( 5 ) Payment options available when auction ends.
Quantity still available. Lowest successful bid is minimum bid amount.
How do I bid if I want to win all 5?
|
bizzycrocheting
|
posted on April 17, 2004 05:06:44 PM new
Well, I took the plunge not knowing what I was doing and ended up winning 2 of them. Not only am I happy, but I now know how dutch auctions work and won't be afraid to bid on them again. 
|
Twelvepole
|
posted on April 17, 2004 07:23:03 PM new
Not that hard now was it?
AIN'T LIFE GRAND...
http://www.nogaymarriage.com/
|
stonecold613
|
posted on April 17, 2004 11:08:35 PM new
Well, I took the plunge not knowing what I was doing and ended up winning 2 of them
Did you bid on all 5 of them on the same bid? If so, you technically didn't win any of them. Make sure you contact the seller right away notifing them that you will accept the 2 you won. Otherwise they might bypass you as per ebay rules, if you don't win your bid amount, you aren't required to purchase any.
|
bizzycrocheting
|
posted on April 18, 2004 07:48:42 AM new
Stonecold -- Thanks for the reminder. I'll be sending her payment today.
|
