Auction question - Own it now option
I wonder if any AH has tried a combination auction / own it now format. List an item with a own it now price of $X, opening bid $Y. Make it so that the own it now only stays active for 24 or 48 hours and that no one can place bids until the buy it now option disappears. Obviously the buy it now price would need to be pretty significant to appease the consignor. In cases where someone wants to pay strong and risk overpaying to lock something up for the certainty of it, I wonder if economically this could work.
Last edited by slidekellyslide; 03-12-2018 at 05:30 PM.
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