View Single Post
Old 05-02-2007, 12:58 AM   #15
65-72 chevytoys
Registered User
 
65-72 chevytoys's Avatar
 
Join Date: Dec 2006
Location: Wesley Chapel, Florida
Posts: 1,113
Re: Are gas fill necks worth a small fortune?

Its an auction marketing strategy. Use a high BIN and a lower reserve because most bidders have no intention of buying they just bid up the items for fun and stop within a certain price of a BIN knowing it wont go over the reserve. Well if the bidder doesnt know what the item is worth then they bid just to make someone who really wants or needs it pay more, but all of a sudden the reserve is met.
__________________
2004 Chevy Silverado 1500LS SWB 5.3L
2004 Corvette Z16 #770
Wish I had not sold 72 blazer
65-72 chevytoys is offline   Reply With Quote