I was bidding on something at SCP and once I saw how they handle their reserves, I ran for the hills and now refuse to bid with them anymore.
As others have nailed in prior posts within this thread, it is the false perception of demand that they are creating that is the problem.
I had competing bids coming in on the item in question, and there is no way for me to tell if these are real buyers and thus real demand for the item at a certain price point, or if I am just the only moron willing to pay a certain amount and the house is just stringing me along. Hard pass.
|