Originally Posted by
IdahoScrapper
You own an auction site and don't know what proxy bidding is? Interesting.
Until now, no.
Obviously if I had known, I wouldn't have asked.
For all I knew, it was something specifically for that site alone.
If I am expected to know 100% of everything of owning any business, no one would own any business. Things change all the time. Not saying that proxy bidding is something new, but none the less, the point is, you do learn something new all the time.
I personally agree with KZBell. I would never use proxy bidding. I love technology, but it is only so good. Just like being a human, technology has its flaws.
Lets say you choose proxy bidding. Lets say you choose to set you max at $500 for an item. Lets say that the server had a hiccup, and instead of stopping at $500, it would keep bidding till you hit say $1,000. Lets say the item is only work $600, but you were okay with $100 profit. Well now, you will be out $400 in the event you cant sell the item for $1,100.
Also, I wasn't even thinking about selling the sinks to a restaurant, but that is a good idea. I am not sure if brand new places around here would buy used equipment, but places that need a replacement, I am sure would.
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