Posted by Ryan - WI on August 04, 2010 at 16:37:18 from (66.114.188.228):
In Reply to: ebay observation posted by bitter bidder on August 03, 2010 at 21:09:25:
I am going to play the other side of the fence a bit. Both as a seller and a buyer.
As a buyer I really appreciate the buy it now function. In a lot of cases when I am searching for something I don't necessarily want to wait the 4 or 5 or 7 days that it might take for the auction to end. I am looking for it now because I want it now. If I end up paying a few bucks more so that I can have it in 3 days as opposed to 10 I am fine with that.
As a seller I really appreciate the buy it now functionality as well. I have a few things that are listed on eBay right now that are not very common. Things like replacement remote controls for A/V equipment. Because they are very specific in use there usually are not a lot of people looking for them at the same time. If they were to be auctioned I would most likely end up receiving a lot less than what they are worth (priced one lately? ~$50).
I actually got a heck of a deal one time on an auction. The item I wanted and had been looking for was at auction and started at $.01 with free shipping. A couple weeks before someone had bought one just like it for $69.99 via buy it now. No one bid against me and I got it for $.01 shipped to my house. It was obviously worth much more than that but apparently I was the only one looking for one at the time. The day after it ended there might have been 87 people trying to find one. If I were the seller of that auction I would have been a bit disappointed. If there were no buy it now option I doubt another one of the system I bought would be listed.
Buy it now allows for there to be protection for sellers from getting rock bottom dollar for their items. This in turn allows sellers like me to list items that otherwise we wouldn't chance giving away for pennies on the dollar. As a buyer that means there is more stuff that might be rare in nature to choose from. I think it is a win win.
My final comment. If you were at an auction and there was something you had your eye on and the auictioneer came up to you and said for X dollars (which was a pretty fair price) you can have it right now, load it up and be home in 30 minutes rather than sitting around waiting for 2 hours to bid, what would you do?
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