| You may run a 3 - 14 day long
auction, in which you set the opening bid and then let the market decide the
final price. You may set an optional reserve price, below which you are
not obligated to sell. Once an auction is under way, you may not change
the listing itself, but you may add comments at any time. If you list at
auction, you must not sell the item until the end of the auction.
Auction advantages:
- An auction creates competition among purchasers.
- According to Videogon statistics, auctions attract more viewers than do
classifieds.
- If you are uncertain about pricing your item, an auction will do it for you.
- Items in high demand but low supply will fetch top dollar at the auction.
- If you want to sell it for sure this week, the auction is definitely your best
choice.
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