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| uk.adverts.cars (UK Cars For Sale) (uk.adverts.cars) |
| Tags: auction, best, cars, daytime, ebay, finish, selling |
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Right, I'm soon to sell a couple of cars on ebay, and was wondering what
people's opinions are as to the best time of the week for the auction to finish. I'm thinking either early Saturday afternoon, or mid to late Sunday afternoon/evening? What do people reckon? PING Oliver Keating - you've got good prices for a fair few cars in the past on ebay - what's your opinion? Peter |
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AstraVanMan wrote:
Right, I'm soon to sell a couple of cars on ebay, and was wondering what people's opinions are as to the best time of the week for the auction to finish. You want to try and cause a last minute bidding frenzy where people will bid over the odds - I find a very good method is to start at a very low start (a pound?), and run for the full ten days, ending at the busiest times of the week - which is NOT saturday! Early evening (8-10pm) on a Thursday and Friday seem to be busiest times for UK only auction. But ideally you want the auction to run across two weekends to allow people to view, so 9 o'clock Sunday Night is probably best. - This means starting your auction 9pm Thursday night Saturday afternoon - not so sure. You're competing with sports, shopping, and all the other domestic stuff you don't get the rest of the week, plus, you only get one weekend to arrange viewing. Buy It Now prices, and Reserve auctions seem to put people off. If you start a car at a quid, you'll get lots of interest early on from people chasing a bargain. Serious buyers may bid as well. After watching the auction for 10 days, they're likely to bid higher because there is a sense that they will have wasted all that time if they don't win. Just my 10p worth. I've never sold a car on ebay. I've sold a lot of other stuff tho, and bought a couple of cars. YMMV and stuff... -- Big Egg Hack to size. Bash to fit. Weld to join. Grind to shape. Paint to cover. My name is not "news". If you reply to that address, I won't get it |
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Right, I'm soon to sell a couple of cars on ebay, and was wondering
what people's opinions are as to the best time of the week for the auction to finish. You want to try and cause a last minute bidding frenzy where people will bid over the odds - I find a very good method is to start at a very low start (a pound?), and run for the full ten days, ending at the busiest times of the week - which is NOT saturday! Early evening (8-10pm) on a Thursday and Friday seem to be busiest times for UK only auction. But ideally you want the auction to run across two weekends to allow people to view, so 9 o'clock Sunday Night is probably best. - This means starting your auction 9pm Thursday night Both good points - both have their pros and cons I suppose - if it finished on a Thursday/Friday then I could make arrangements for it to be collected at the weekend, whereas if it finished on the Sunday it could be another week before it's collected, but there is the advantage that it's running across two weekends, like you say. Saturday afternoon - not so sure. You're competing with sports, shopping, and all the other domestic stuff you don't get the rest of the week, plus, you only get one weekend to arrange viewing. Good point. Buy It Now prices, and Reserve auctions seem to put people off. If you start a car at a quid, you'll get lots of interest early on from people chasing a bargain. Serious buyers may bid as well. After watching the auction for 10 days, they're likely to bid higher because there is a sense that they will have wasted all that time if they don't win. What I was thinking of doing is setting a low reserve (something around £300, which it will easily reach) and a buy it now of £1200 (cue ****-taking now!), with the only point of the reserve being that people have a few days to decide whether to use buy it now, other than either messing around with a high reserve, or a buy it now without a reserve that disappears as soon as a bid is placed. Maybe not - all stuff like this does just tend to put people off to some extent or another. Just my 10p worth. I've never sold a car on ebay. I've sold a lot of other stuff tho, and bought a couple of cars. YMMV and stuff... Cheers for all that. Peter |
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"AstraVanMan" wrote in message ... Right, I'm soon to sell a couple of cars on ebay, and was wondering what people's opinions are as to the best time of the week for the auction to finish. I'm thinking either early Saturday afternoon, or mid to late Sunday afternoon/evening? What do people reckon? PING Oliver Keating - you've got good prices for a fair few cars in the past on ebay - what's your opinion? The traditional advice is to start the auction on Thursday at about 20:15, run for 10 days and finish on Sunday evening at about 20:15, as Sunday evening is usually the peak browsing time for ebay. You don't want it to end too early or otherwise people might miss it, and end it too late and people will have gone to bed etc. so they won't try and fight off "snipers" - this can in itself drive the price up in the last few minutes. And £1 no reserve is the way to go. If you start the auction at the price you want, then you have either over-estimated it (and it just won't sell), or people will be unwilling to pay much more than what they think you think its worth. If you set a reserve, bidding won't be as frantic as people will know that there isn't a real bargain to be had. If you set the reserve too high people won't bid to it, set it too low, and again people are weary about bidding much higher than what they think *you* think its worth. I am sure that e-bay motors is by far a sufficiently large market that £1 no reserve is safe ![]() Oh and another thing - reject all "buy it now" people. They are after a bargain. Peter |
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"bigegg" wrote in message ... AstraVanMan wrote: Early evening (8-10pm) on a Thursday and Friday seem to be busiest times for UK only auction. But ideally you want the auction to run across two weekends to allow people to view, so 9 o'clock Sunday Night is probably best. - This means starting your auction 9pm Thursday night Entirely agreed. Interestingly I have a book which has collected some data on this and found the optimum time to be 8:15pm on Sunday night! But the 2 weekends issue is important as you do get some bids from the first weekend. Saturday afternoon - not so sure. You're competing with sports, shopping, and all the other domestic stuff you don't get the rest of the week, plus, you only get one weekend to arrange viewing. Interestingly no-one came to view the cars before bidding/buying. If you supply it with a brand new MOT then that is usually enough. Quite a lot of people don't really know enough about cars to know what to look for anyway. Buy It Now prices, and Reserve auctions seem to put people off. If you start a car at a quid, you'll get lots of interest early on from people chasing a bargain. Serious buyers may bid as well. After watching the auction for 10 days, they're likely to bid higher because there is a sense that they will have wasted all that time if they don't win. All very true. I started the Merc off at £1, and on the first day of frantic bidding (just 4 and a half hours) it had hit £8k (which has to be some sort of record!). It finished off at £14.5k Other people were trying to sell Merc SLs with buy-it-nows of lower prices, and not getting anywhere. Just my 10p worth. I've never sold a car on ebay. I've sold a lot of other stuff tho, and bought a couple of cars. YMMV and stuff... -- Big Egg Hack to size. Bash to fit. Weld to join. Grind to shape. Paint to cover. My name is not "news". If you reply to that address, I won't get it |
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The traditional advice is to start the auction on Thursday at about 20:15,
run for 10 days and finish on Sunday evening at about 20:15, as Sunday evening is usually the peak browsing time for ebay. You don't want it to end too early or otherwise people might miss it, and end it too late and people will have gone to bed etc. so they won't try and fight off "snipers" - this can in itself drive the price up in the last few minutes. Indeed. A while back (you may or may not remember) I put a pair of Porsche 924 Turbos on ebay for a friend - neither had MOT or any history, one was a runner (and had a half-fitted wide arch bodykit, and a full 5" stainless exhaust) and the other was a bare shell with a supposed low mileage engine (it did look *very* clean, all new gaskets etc, but no proof that it was a genuine low miler). One guy asked for some specific details (chassis/engine numbers), which I was originally slightly suspicious of, but it was basically to determine the exact spec of the cars, and I only got the information together in the last hour or so of the auction, but doing so pushed the price up by about £200 in the last 5 minutes!!!! They went for £650, and they only cost my mate £150 (+£40 to get the shell taken home). And £1 no reserve is the way to go. If you start the auction at the price you want, then you have either over-estimated it (and it just won't sell), or people will be unwilling to pay much more than what they think you think its worth. If you set a reserve, bidding won't be as frantic as people will know that there isn't a real bargain to be had. If you set the reserve too high people won't bid to it, set it too low, and again people are weary about bidding much higher than what they think *you* think its worth. I entirely see your point, but what's your view of me setting a low reserve (say £300, which I know it will *easily* go above), and a buy it now price of, say, £1000, just so if do people want to use the buy it now option they' ll have a few days to do so (though maybe not) before the option disappears ??? I'm just thinking that I'd quite like to give people the option, and I put the buy it now option along with a no reserve auction it'd disappear as soon as a bid was placed (i.e. £1). I suppose a £1 N/R auction would, like you say, be by far the most attractive way as far as potential buyers would be concerned. I am sure that e-bay motors is by far a sufficiently large market that £1 no reserve is safe ![]() Oh and another thing - reject all "buy it now" people. They are after a bargain. By "buy it now" I take it you mean people sending offers by email (or asking "how much to buy now?") as opposed to people using the proper "Buy it Now" method? Cheers for the advice Oliver and bigegg - looks like 8:15pm Thursday it is. Peter |
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In article ,
AstraVanMan wrote: What I was thinking of doing is setting a low reserve (something around £300, which it will easily reach) and a buy it now of £1200 (cue ****-taking now!), with the only point of the reserve being that people have a few days to decide whether to use buy it now, other than either messing around with a high reserve, or a buy it now without a reserve that disappears as soon as a bid is placed. Maybe not - all stuff like this does just tend to put people off to some extent or another. I use ebay a fair bit mainly for buying. And things with a reserve or 'buy it now' price put me off - both are against the spirit of an auction. Perhaps if something was unique, and I desperately wanted it, I'd bid, but this doesn't apply to most cars etc. Of all the various stuff I've sold without reserve, only one thing failed to make a price I was happy with, and that was a near unused but several years old hover mower which only got 6 quid. And I'd underestimated the postage costs. But I got positively *glowing* feedback from the buyer. ;-) -- *I'm really easy to get along with once people learn to worship me Dave Plowman London SW 12 RIP Acorn |
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Of all the various stuff I've sold without reserve, only one thing failed
to make a price I was happy with, and that was a near unused but several years old hover mower which only got 6 quid. And I'd underestimated the postage costs. But I got positively *glowing* feedback from the buyer. ;-) A while back I sold about 76 betamax tapes (all with stuff on, but mostly films that had probably only been watched once) - I put them on with £1 no reserve and they fetched £5.50. Looking at other batches of blank betamax tapes (of which there were very few) most had a start price of at least a tenner, and I reckon even with a start price of £15 or even £20 I could have sold them (they've got to be about £4 each new, so £20 for the lot is still a real bargain). I was a bit gutted, and it was barely worth the effort, but that's life I suppose. And point taken about buy it now - it does kinda take the spirit away from the auction, and even though it is in pretty good nick, a 2 litre CDX Carlton Estate is nothing desperately unique or desirable. Peter |
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"AstraVanMan" wrote in message ... The traditional advice is to start the auction on Thursday at about 20:15, run for 10 days and finish on Sunday evening at about 20:15, as Sunday evening is usually the peak browsing time for ebay. You don't want it to end too early or otherwise people might miss it, and end it too late and people will have gone to bed etc. so they won't try and fight off "snipers" - this can in itself drive the price up in the last few minutes. Indeed. A while back (you may or may not remember) I put a pair of Porsche 924 Turbos on ebay for a friend - neither had MOT or any history, one was a runner (and had a half-fitted wide arch bodykit, and a full 5" stainless exhaust) and the other was a bare shell with a supposed low mileage engine (it did look *very* clean, all new gaskets etc, but no proof that it was a genuine low miler). One guy asked for some specific details (chassis/engine numbers), which I was originally slightly suspicious of, but it was basically to determine the exact spec of the cars, and I only got the information together in the last hour or so of the auction, but doing so pushed the price up by about £200 in the last 5 minutes!!!! They went for £650, and they only cost my mate £150 (+£40 to get the shell taken home). And £1 no reserve is the way to go. If you start the auction at the price you want, then you have either over-estimated it (and it just won't sell), or people will be unwilling to pay much more than what they think you think its worth. If you set a reserve, bidding won't be as frantic as people will know that there isn't a real bargain to be had. If you set the reserve too high people won't bid to it, set it too low, and again people are weary about bidding much higher than what they think *you* think its worth. I entirely see your point, but what's your view of me setting a low reserve (say £300, which I know it will *easily* go above), and a buy it now price of, say, £1000, just so if do people want to use the buy it now option they' ll have a few days to do so (though maybe not) before the option disappears ??? I'm just thinking that I'd quite like to give people the option, and I put the buy it now option along with a no reserve auction it'd disappear as soon as a bid was placed (i.e. £1). I suppose a £1 N/R auction would, like you say, be by far the most attractive way as far as potential buyers would be concerned. You have to remember that the only time when people are likely to consider doing a buy it now are if: 1) For some reason they want it straight away (this can work with computer components like hard disks) 2) They think that the buy-it-now price is lower than what the final auction price will be. Option 1) is unlikely with cars, most people can wait a few days for a car. Option 2) means that it won't be in your interest to do so. The problem with reserve prices is that before the reserve is met, bidding is damped because people don't really think there is an amazing bargain. Remebmer with the Merc, when it started people really could bid £1 and be the high bidder! After the reserve is met, bidding is dampened because buyers aren't sure about bidding high amounts on something that the seller doesn't really think is worth that much (which is how most people read reserve prices). I mean, you don't really want to hint (with reserves or start prices) at how much you think its worth, because if you over-value it, people will simply ignore the auction, if you under-value it then people will be concerned as to why you don't think its worth very much. A £300 reserve could be dodgy in this respect. I am sure that e-bay motors is by far a sufficiently large market that £1 no reserve is safe ![]() Oh and another thing - reject all "buy it now" people. They are after a bargain. By "buy it now" I take it you mean people sending offers by email (or asking "how much to buy now?") as opposed to people using the proper "Buy it Now" method? Yes exactly. Hardly anyone uses the "Buy it Now" button, except for small value items (£10). People will e-mail you with offers which are frankly insulting. I was selling a computers on e-bay, one of them I started at £65. Now I know most computers sell for around £140-£150. Anyway someone asked me for a "buy-it-now", so I told them they could have it for £150. They then told me know they were thinking more like £75, so I decided there was no point continueing. I let the auction complete and it fnished at £145 Just beware of the "buy-it-now" brigade Cheers for the advice Oliver and bigegg - looks like 8:15pm Thursday it is. Peter |
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In article ,
AstraVanMan wrote: A while back I sold about 76 betamax tapes (all with stuff on, but mostly films that had probably only been watched once) - I put them on with £1 no reserve and they fetched £5.50. Looking at other batches of blank betamax tapes (of which there were very few) most had a start price of at least a tenner, and I reckon even with a start price of £15 or even £20 I could have sold them (they've got to be about £4 each new, so £20 for the lot is still a real bargain). I was a bit gutted, and it was barely worth the effort, but that's life I suppose. I buy a fair bit of electronic components. And 10 of something will often fetch more than 100 or 1000. You should have sold then in batches of 10, and I'll bet they'd have made decent money. -- *(over a sketch of the titanic) "The boat sank - get over it Dave Plowman London SW 12 RIP Acorn |
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