Month: October 2009
Bidding histories develop bidder trust
Last week’s post dealt with grokking that there is no functional difference between a minimum or starting bid and a reserve on an item. A post last month pointed out that it’s bad to try to be sneaky when protecting a reserve on an item and that it’s much better to be upfront with the…
Starting Internet bids are reserves, plain and simple
In a March episode of the Auction Podcast, we posited that it is wise to have a policy of starting every item at $10 for Internet bidding. If your minimum bid at a live auction is $10, set the minimum bid for the Internet bidding to be $10. For every item. For every category from…