Paragon auctions

[Matt]

Originally Posted by botn

Hi Glyn!

I think I must have misunderstood Matt's initial post to you, as well. It would have been unreasonable of Matt to be critical of Paragon's auction formula when he himself normally uses very high minimum or high opening bids when he lists his stuff on ebay or grandslam. He must have been remarking on why bidders might be upset with Paragon's model.

Take care,
Greg

Yikes! I believe every auction style item I've sold on GSB has been with a 0.99 start and no reserve. I do sell fixed price as well, but those aren't auctions...

As far as the comment, feel free to ignore it. I was explaining how reasonable bidders could both not want a reserve and also not want a too high starting bid, but it's not an important point. Your enthusiasm for Paragon and zeal in rushing to it's defense when it wasn't even being attacked is noted.

[Peter_Spaeth]

If he can keep his fee structure as low as he says it is, I think he is going to attract a lot more consignments away from the higher (much) priced competition.