Re: Rock Island Auction

BILL · 05-18-2001, 05:02 PM

Regarding auctions, it has been my experience that anyone who auctions something off has to make more than what it is worth or they are getting a bad deal (there are costs associated with auctioning). This fact means that as a buyer you have to get a really good deal to offset that margin. Both parties can't win. Since most auctions have a reserve, the seller retains the right to refuse to sell. I am not an auction fan whatsoever.

05-18-2001, 05:02 PM	#1
BILL User Join Date: Jun 2002 Location: Western Washington Posts: 826 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Rock Island Auction Regarding auctions, it has been my experience that anyone who auctions something off has to make more than what it is worth or they are getting a bad deal (there are costs associated with auctioning). This fact means that as a buyer you have to get a really good deal to offset that margin. Both parties can't win. Since most auctions have a reserve, the seller retains the right to refuse to sell. I am not an auction fan whatsoever.