Storage Auctions

Dumb luck, good planning, or a little of both

Offline MovieMan

  • *******
  • 4175
    • View Profile
Dumb luck, good planning, or a little of both
« on: September 13, 2013, 08:24:48 PM »
I recently had an item on eBay which I started at $200 thinking I would get about $300 for it.

Right off the bat (day 1 of 5) it got the $200 bid. Next day it got upped to $202 by bidder #2.

A couple of days later the 2nd bidder wants to bow out ..."lost my job"...he said. He didn't know how to back out himself and I just emailed him and told him to let it ride and IF he won I would take care of it from there and would be able to offer 2nd chance to bidder #1.

He agreed that was OK.  Final 5 minutes of auction comes and bidder #3 comes in..I see his bid at $255 and when I looked at all bids, the 2nd bidder that placed a $250 bid (earlier when he placed his $202).

Final outcome the 3rd bidder gets it for his $255.  So here was my logic.

****
By allowing the defaulting buyer to coast on through to the end I hoped the first bidder would come back even to $205. It was a little more than dumb luck as there were 120 views and 10 watchers so there was a chance that ANYONE of those would beat out the deadbeat bidder.

Worked out good as it happened because the first bidder was nowhere to be seen and of the 10 watchers, only the 3rd bidder came foward. Topping it off...immediate payment !


Offline alloro

  • *****
  • 2345
    • View Profile
Re: Dumb luck, good planning, or a little of both
« Reply #1 on: September 13, 2013, 10:42:09 PM »
God protects fools and drunks.

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Dumb luck, good planning, or a little of both
« Reply #2 on: September 14, 2013, 08:22:52 AM »
God protects fools and drunks.

I thought it was "God protects babies and global moderators".


Offline alloro

  • *****
  • 2345
    • View Profile
Re: Dumb luck, good planning, or a little of both
« Reply #3 on: September 14, 2013, 01:55:46 PM »
I thought it was "God protects babies and global moderators".

Since I was replying to you, I figured I would tailor the saying accordingly. :P

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Dumb luck, good planning, or a little of both
« Reply #4 on: September 14, 2013, 02:41:16 PM »
Since I was replying to you, I figured I would tailor the saying accordingly.

Me too !   ;D


xx
Anyone Planning On Buying Black Friday Deals & Re-Selling?

Started by rulesforrebels

2 Replies
2564 Views
Last post November 17, 2012, 08:51:52 AM
by Leota
xx
Here is a dumb question......

Started by Lunachick

26 Replies
8576 Views
Last post October 28, 2011, 01:39:42 AM
by jrossjr79
xx
Dumb & Dumber To

Started by Travis

0 Replies
1368 Views
Last post June 12, 2014, 07:15:03 PM
by Travis
xx
Dumb Starbucks Marketing Ploy

Started by MovieMan

1 Replies
1459 Views
Last post February 11, 2014, 01:37:13 PM
by the teacher