Trying to maximize sale price. If you have only one person who really wants it and nobody else to bid the price up it will go for less with straight auction. Here they hope the people will bid their maximum amount so will go for the current floor price even without other bidders. They drop prices until someone bites. Version of dutch auction. On Fri, Jul 12, 2024 at 12:29:02PM -0400, Christian Liendo via vcf-midatlantic wrote:
< Insert confused animated.gif here >
It's up for $200,000 but if you wait two days it drops to $47,000?
And if I wait till Aug 13th it's $1000?
On Fri, Jul 12, 2024 at 11:46 AM Bill Degnan via vcf-midatlantic <vcf-midatlantic@lists.vcfed.org> wrote:
https://www.ebay.com/itm/156283513230
(read comments on how the auction works).
b