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#11
06-22-2012, 03:21 PM
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If you are pleased to sell it at $4K, cancel the auction and sell it. There's an old saying: pigs get slaughtered. I've had a number of auctions where I've offered the seller more offline to close out than the item ended for when the auction took its course. Having an auction with a reserve is a little different than otherwise--you will know the top bidder's max price because it will stall out below the reserve. If the item doesn't reach close to the reserve, congratulations, you just provided the putative buyer with a market-based reason to rescind his offer.
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