[$] tag in trademe

Discussion in 'NZ Computing' started by peter, May 22, 2005.

  1. peter

    peter Guest

    What does the wee [$] tag you see in trademe represent?


    cheers Peter...
    peter, May 22, 2005
    #1
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  2. peter

    phstpok Guest

    peter wrote:
    > What does the wee [$] tag you see in trademe represent?
    >
    >
    > cheers Peter...
    >
    >

    Buy now price. Once the buy now price has been met by a bid, the auction
    must play out.

    --


    http://phstpok.blog.co.uk/main/
    phstpok, May 22, 2005
    #2
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  3. In message <d6qvp0$qbf$>, phstpok <>
    wrote:

    >peter wrote:
    >> What does the wee [$] tag you see in trademe represent?
    >>

    >Buy now price. Once the buy now price has been met by a bid, the auction
    >must play out.


    It's the Buy Now price alright, but the effect you're talking about is
    the reserve price. AIUI, Buy Now is only available until the reserve
    has been met. Until that point you can click the button and pay the
    Buy Now price. Often the reserve and the Buy Now price are the same,
    but they don't have to be.

    Because Buy Now disappears when the reserve is met, it usually won't
    be set much higher than the reserve (or rather, the reserve won't be
    much lower than the Buy Now), and because your reserve ought to be the
    least you're prepared to accept (give or take stuffing about with
    auctions) it usually won't be lower than the reserve either.

    --
    R.G. "Stumpy" Marsh.
    Timaru, New Zealand.
    R. G. 'Stumpy' Marsh, May 23, 2005
    #3
  4. peter

    Keith Guest

    R. G. 'Stumpy' Marsh <> wrote:
    >In message <d6qvp0$qbf$>, phstpok <>
    >wrote:
    >
    >>peter wrote:
    >>> What does the wee [$] tag you see in trademe represent?
    >>>

    >>Buy now price. Once the buy now price has been met by a bid, the auction
    >>must play out.

    >
    >It's the Buy Now price alright, but the effect you're talking about is
    >the reserve price. AIUI, Buy Now is only available until the reserve
    >has been met. Until that point you can click the button and pay the
    >Buy Now price. Often the reserve and the Buy Now price are the same,
    >but they don't have to be.


    Nope - "Buy Now" bites the dust as soon as *any* bid is placed.


    From the TradeMe Help pages:
    "Buy Now allows the seller to specify a fixed price for the auction at
    which they are willing to sell the item immediately (this is separate
    from the start and reserve prices).

    Buy Now auctions are identified by a small yellow price tag icon

    A buyer can choose the buy now option before the reserve price is met.
    This allows for a fast sale that by-passes the bidding process. The Buy
    Now option is only available to authenticated buyers.

    A Buy Now price can only be added before any bids have been placed on
    an auction.

    Only sellers who are Address Verified or have a feedback rating of 5 or
    more can set Buy Now prices on their auctions.

    Buyers can only purchase items using Buy Now, 20 times within a 24-hour
    period. Buyers who have registered in the last week are limited to 5
    purchases using Buy Now within 24-hours. "
    Keith, May 23, 2005
    #4
  5. peter

    Invisible Guest

    On 23 May 2005 15:12:51 +1200, "Keith" <> wrote:

    >
    >R. G. 'Stumpy' Marsh <> wrote:
    >>In message <d6qvp0$qbf$>, phstpok <>
    >>wrote:
    >>
    >>>peter wrote:
    >>>> What does the wee [$] tag you see in trademe represent?
    >>>>
    >>>Buy now price. Once the buy now price has been met by a bid, the auction
    >>>must play out.

    >>
    >>It's the Buy Now price alright, but the effect you're talking about is
    >>the reserve price. AIUI, Buy Now is only available until the reserve
    >>has been met. Until that point you can click the button and pay the
    >>Buy Now price. Often the reserve and the Buy Now price are the same,
    >>but they don't have to be.

    >
    >Nope - "Buy Now" bites the dust as soon as *any* bid is placed.
    >


    Nope

    >From the TradeMe Help pages:
    >
    >A buyer can choose the buy now option before the reserve price is met.

    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    Invisible, May 23, 2005
    #5
  6. Invisible wrote:
    >
    > Nope
    >
    >>From the TradeMe Help pages:

    >
    >>A buyer can choose the buy now option before the reserve price is met.

    >
    > ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


    This is definetly how it works. There's an art too it. You watch for the
    15% indicator, figure out the Reserve from there (because it's usually a
    pretty round figure), and swoop in with the Buy Now just before it
    disappears upon meeting Reserve. Well, it's not really an art at all,
    but people are stupid. Of course this only applies to auctions with
    realistic Buy Now prices.
    I'm a Trampoline, May 23, 2005
    #6
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