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What would you tell him?

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redeye
Master Marine Consultant

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3476 Posts

Response Posted - 05/15/2012 : 13:28:24

Yes Frank.. cut that out..

I'd tell him to tell the buyers there are four bottles of Rum hidden onboard...

Edited by - on

redeye
Master Marine Consultant

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3476 Posts

Response Posted - 05/15/2012 : 13:32:43

and remember .. sell the sizzle, not the steak.

ie I just love diving deep into the cool clear waters in the mornings.

Sometimes I think people forget.

Edited by - on

dmpilc
Master Marine Consultant

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USA
4593 Posts

Response Posted - 05/15/2012 : 16:16:38

His info needs correcting. It's obviously not a ketch rig, and 1,900 lbs is the weight of the fixed keel, not the swing keel. Sounds like he copied down info from a brochure or web site incorrectly.

Edited by - on

OJ
Master Marine Consultant

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USA
4382 Posts

Response Posted - 05/15/2012 : 16:41:21

Ugh, price is still dropping - and the seller is a non-profit.

Edited by - on

Joe Diver
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1218 Posts

Response Posted - 05/16/2012 : 19:56:54

Didn't sell for $5750.00...zero bids.

He's got it relisted as a classified ad:

[url="http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=190680250565#ht_1076wt_1182"]77 C25 Swinger with Trailer[/url]

Still think he should do an auction with reserve....but maybe someone will bite. I will admit that the auction with reserve is for my own curiosity to see how high the bidding will go....it's not my wallet funding his listing so I understand why he may be listing the ads as he is.

Edited by - Joe Diver on 05/16/2012 19:57:10

JimGo
Admiral

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USA
962 Posts

Response Posted - 05/16/2012 : 20:55:31

I personally hate reserve price auctions. Don't waste my time unless you're going to put the opening bid close to the reserve price! Either you're willing to sell the thing (whatever it is) at auction or you aren't. But don't have a $0 minimum bid and a $5000 reserve price. Start it at what you'd reasonably accept for it, say $3000, and see if there are bites. Sure, you'd love to get $6000 or more for it, but you gotta get people to BID, and thus be invested and feel like they are missing out on the item, for that to happen. And if its just one buyer, then be glad you found that one buyer, otherwise you're stuck with the item and the carrying costs.

Edited by - on

Prospector
Master Marine Consultant

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Canada
3159 Posts

Response Posted - 05/17/2012 : 08:19:54

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by JimGo
 I personally hate reserve price auctions. Don't waste my time unless you're going to put the opening bid close to the reserve price! Either you're willing to sell the thing (whatever it is) at auction or you aren't. But don't have a $0 minimum bid and a $5000 reserve price. Start it at what you'd reasonably accept for it, say $3000, and see if there are bites. Sure, you'd love to get $6000 or more for it, but you gotta get people to BID, and thus be invested and feel like they are missing out on the item, for that to happen. And if its just one buyer, then be glad you found that one buyer, otherwise you're stuck with the item and the carrying costs.
<hr height="1" noshade id="quote"></blockquote id="quote">

+1

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Joe Diver
Master Marine Consultant

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USA
1218 Posts

Response Posted - 05/17/2012 : 09:03:28

Reserve auctions are what they are....and you see them with cars all the time...everything really. If you want to sell your item, are willing to only accept a minimum amount, but your item never gets any bids...well, a reserve auction is the way to go....see if it gets any bids and how high they will go...that way, if it doesn't bid up to your reserve, at least you know how far off the market is from your price and you can either be more realistic about your price, or try a different medium.

Usually though, people are just delusional about the value of their property. Perhaps they paid too much to begin with....or bought at a fair price but put more into it than it'll ever be worth....who knows. Some people just try to "flip" the merchandise. Many reasons.

Here's a C25 swinger with a reserve: (and a dubious trailer)

[url="http://cgi.ebay.com/ebaymotors/Catalina-25-Swing-keel-working-head-and-trailer-Pop-Top-model-/140753739323?pt=Sailboats&hash=item20c5939e3b#ht_500wt_1182"]1984 C25 Swing Keel[/url]

Edited by - Joe Diver on 05/17/2012 09:05:24

Prospector
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Canada
3159 Posts

Response Posted - 05/17/2012 : 09:27:38

But with a starting bid of $3400, I know his head isn't in the clouds, and I expect his reserve to be within about $1,000 of the start. Setting a reserve of $8500 and a start bid of $0 is a waste of everyone's time, IMO.

Edited by - on

JimGo
Admiral

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USA
962 Posts

Response Posted - 05/17/2012 : 09:55:43

Scott, I agree about the delusions. As you can see, I do a lot of "shopping" on Craigslist. I love when people compare their 10 year old uses widget to the cost of a new one, ignoring the wear, lack of warranty, and other issues associated with buying used. Of course there are exceptions, like concourse-quality colletible cars, but generally I think reserve price auctions are a waste, and may actually be a signal that the seller is "delusional."

Edited by - on

John Russell
Master Marine Consultant

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USA
3444 Posts

Response Posted - 05/17/2012 : 10:51:05

Edited by - on

OJ
Master Marine Consultant

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4382 Posts

Response Posted - 05/17/2012 : 12:23:10

I think pricing for used sailboats is also a state-of-mind. Have been searching for a smaller sailboat and it's not unusual to see asking prices in the $5K+ range for Hunter or Catalina 15s. These sellers must be well insulated from the down economy.

Edited by - OJ on 05/17/2012 12:37:57

JimGo
Admiral

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962 Posts

Response Posted - 05/17/2012 : 13:36:20

John,
You're right, in a reserve price auction where I'm the only buyer, once I hit the reserve minimum, then I'm done and don't have any incentive to offer more. But I think your contrast with the traditional sale isn't fair. In a traditional sale, you can start with a delusional price and we can negotiate down to an agreed-upon price. In a typical $0 starting bid, hidden reserve price auction, you're setting a minimum that only you know, and I am essentially negotiating with myself until I hit that reserve.

Edited by - on

OJ
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Response Posted - 05/17/2012 : 13:54:36

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by John Russell
 <blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by JimGo
 <hr height="1" noshade id="quote"></blockquote id="quote">What would be the incentive for a buyer to offer more than your reserve minimum? <hr height="1" noshade id="quote"></blockquote id="quote"> Other bidders?

I understand JimGo's annoyance with reserves - seems like more often than not the reserve is considerably above current market and the item doesn't sell anyway - kind of a time waster. Look at all the wasted effort with the listing that started this thread!

Where did Frank go?

Edited by - OJ on 05/17/2012 13:56:05

NautiC25
Admiral

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USA
957 Posts

Response Posted - 05/17/2012 : 14:08:36

Ebay is sometimes better than CL because you can reach out past your local economy. For instance, the economy here wasn't hit like some others, therefore people here might be willing to travel to buy your boat, and pay more than others would in your area. I bought mine off SailingTexas.com and crossed 3 states.

Edited by - NautiC25 on 05/17/2012 14:09:58

pastmember
Master Marine Consultant

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2402 Posts

Response Posted - 05/17/2012 : 18:06:12

I'm here. I ask what you all would tell him.

I buy on ebay a lot and while reserve prices bug me they usually don't play a roll in my bidding. I normally bid early and bid what it is worth to me. If I win I win, if not ... I figure the best way to do ebay is to decide what you are willing to pay up front. Ebay is not as much fun now that "stores" do most of the posting.

Edited by - on

bigelowp
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1776 Posts

Response Posted - 05/18/2012 : 07:53:02

As when selling and/or buying any big ticket item "the devil is in the details". You really need to see and inspect to appropriately value. She may be overpriced or woefully underpriced, but until inspected . . . . Which is one reason EBay is not the best place to sell a boat as both parties are bound to whatever the winning bid is.

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Joe Diver
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1218 Posts

Response Posted - 05/18/2012 : 08:01:37

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by bigelowp
 ..... both parties are bound to whatever the winning bid is.
<hr height="1" noshade id="quote"></blockquote id="quote">

That's not necessarily true. If an item is not what is represented in the ad, the buyer can back out. It's eBay policy. If you win a boat, then upon inspection find that the condition has not been represented fairly, you can back out. Doesn't matter what verbiage is put into the ad.

Edited by - on

Joe Diver
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Response Posted - 05/18/2012 : 08:08:30

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by pastmember
 I normally bid early and bid what it is worth to me.
<hr height="1" noshade id="quote"></blockquote id="quote">

Not me. I snipe. I never, ever bid on an item I'm interested in until the last possible second. I watch the auction, and if bidding goes beyond what I'm willing to pay, then I'm out. But if it hasn't, then I'll wait until there is about 5 seconds left and place my highest bid I'm willing to pay. The eBay proxy bid system will sort the bids and if I come out on top (usually do) there is no time left for anyone to react and place another bid.

This way, I get the item for the lowest possible bid within my range.

Sellers hate this, but too bad. eBay permits it. Sometimes you see an ad where the seller states "no sniping" and will "cancel any sniped bids". They can't do this and it's against policy. I always report these auctions to eBay, and that verbiage is promptly removed or the auction cancelled.

Edited by - Joe Diver on 05/18/2012 08:09:20

JimGo
Admiral

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USA
962 Posts

Response Posted - 05/18/2012 : 08:57:38

Oh, so it was SCOTT who sniped me on...

Edited by - JimGo on 05/18/2012 08:57:56

Joe Diver
Master Marine Consultant

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USA
1218 Posts

Response Posted - 05/18/2012 : 09:05:45

LOL...could be.....

I had a guy once, I sniped an item for $10....back when you could buy online gaming virtual stuff....he obviously wanted to sell it to a friend but I sniped it. Pissed the dude off and he refused to give me my item. eBay wouldn't help me, PayPal wouldn't help me....and it was only $10...but really pissed me off. So, I contacted the brand new Internet Fraud section of his local police and worked with a detective....who was excited to actually have a case....this detective started paying this guy visits at his house and his work. The guy started sending me threatening emails, was really pissed off about the police involvement. I sent them to the detective who went to the guy's work and took him in because of the emails. Dude got fired, had misdemeanor charges filed against him for the emails and theft of $10.....

LOL...I was loving it....hope he enjoyed my $10 because it cost him his job and must have cost thousands in legal fees, court charges, a criminal record....it was awesome and VERY satisfying!

Edited by - on

OLarryR
Master Marine Consultant

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USA
3462 Posts

Response Posted - 05/18/2012 : 09:25:21

Don't mess with Scott !

Edited by - on

Novi
1st Mate

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Canada
59 Posts

Response Posted - 05/18/2012 : 09:28:34

You just summed up perfectly why I personally can't handle auction sites. Dubious sellers, bid snipers, police involvement and no one "wins" - way too much drama for me.

I like it simple - find something you like, contact the seller, inspect the item and negotiate a price. It's a bit old school but it's how I got my boat on kijiji (Canada's CL) and many other items.

The more I hear about ebay drama the more I run.

Todd

Edited by - on

Joe Diver
Master Marine Consultant

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USA
1218 Posts

Response Posted - 05/18/2012 : 10:59:07

That's the only bad experience I've ever had with eBay...in...I don't know how many years.....

Since Craigslist though, I don't use eBay much at all anymore.

I like free,

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Stinkpotter
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Djibouti
9080 Posts

Response Posted - 05/19/2012 : 13:21:19

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Joe Diver
 ...LOL...I was loving it....hope he enjoyed my $10 because it cost him his job and must have cost thousands in legal fees, court charges, a criminal record....it was awesome and VERY satisfying!<hr height="1" noshade id="quote"></blockquote id="quote">There's a commercial... "...he thinks about you--A LOT! And when he thinks about you a lot, your house blows up!..."

I'm guessing he's thinking about you...

Edited by - Stinkpotter on 05/19/2012 13:23:32

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