Thread: Cobras on eBay
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Old 01-22-2004, 04:00 PM
SPEEDEAMON SPEEDEAMON is offline
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Join Date: Sep 2003
Location: Los Angeles, CA
Cobra Make, Engine: 1968 AC COBRA COB 6132, 427 SC Side Oiler the last original AC chassis built for Paramount
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I have also sold and bought many things on eBay. I sold a whole lot of parts successfully. I tried to sell one car and two motorcycles. I had low starting bid prices with a reserve. The low starting bid price is important when you have a reserve so that it invites anyone to bid. If you are offering it as a no-reserve auction. then the starting price should reflect close to the absolute minimum you could live with. If no one bids, you have priced yourself out of the market. In all three cases these were rare vehicles with no others being put on the auction at the same time. I carefully chose my reserve price to be slightly south of what the market value was except for the car which I spent more than three times what the value was. I chose 7:00pm pst so that those on the east coast still had a chance to bid and those on the west coast were back from work. My photos were detailed and an honest description of the condition and any known flaws were given. More than twenty bidders bid on each of the vehicles. Yet, all three only reached 80% of my reserve price when the auction ended. I really did not want to sell it at less than that, so I did not re-list it. Perhaps if I was really in a hurry to get my money I would have sold it at that. More than five bidders came to actually look at the vehicles. I also got a deluge of e-mails from bidders and cyber tire kickers asking me for more photos and information including what my reserve price was, which I did not disclose. If anything, I proved to myself that I owned vehicles that were of interest to someone but not at what I was asking at the time. I view the Shelby section in eBay Motors everyday. I am surprised at how many new cars come up for auction as well as the many bids each one gets, but you can see that those with a high starting bid or high buy-it-now prices have few if any bids unless you have something very special and in concours condition. Good luck!

Shin
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Enjoy the six pleasures of life: Good Health, Good Food, Good Friends, Good Sleep, Good Sex, and Driving your Cobra