Auction question - Own it now option

[Leon]

When selling or buying I like seeing a buy it now price even in an auction setting. It might defeat the purpose of an auction but I am not sure that matters if both buyer and seller are happy?

BTW, I am sure I have done an "auction + buy it now" format listing in our BST area, many moons ago.

[Snapolit1]

Originally Posted by Leon

When selling or buying I like seeing a buy it now price even in an auction setting. It might defeat the purpose of an auction but I am not sure that matters if both buyer and seller are happy?

BTW, I am sure I have done an "auction + buy it now" format listing in our BST area, many moons ago.

I see it at charity auctions now. Is a bid sheet but if you want it you can just buy it as an option. Works well but maybe more so in a charity context people are just happy to pay a number and get it.

[Slinger]

Saw an eBay listing last night.

Starting bid $399

Buy It Now $599

So I guess it does happen.

[Leon]

Originally Posted by Slinger

Saw an eBay listing last night.

Starting bid $399

Buy It Now $599

So I guess it does happen.

There are millions of those kinds of listings on ebay. My guess is Steve (the original poster) was talking about having the option other places too which makes some sense to me *but maybe not many others.