| A reverse auction works the opposite way of a traditional auction, as the name suggests. 1 buyer proposes to buy, and bidders are actually the people that want to sell. Because I'm not rich, nor have really crazy desires, I never had anything to do with an auction. Besides, for anime merch that is affordable, most of it is mass-produced, so there are many copies, and you may be able to find stuff online if you go through the right channels, though this may be of dubious legality depending on licensing rights... But recently I've gotten into light novels, and I can't always find all that I want. Through sheer perseverance, I managed to find Hatsune Miku no Shoushitsu and Madoka Magica, but there's this novel that I've yet to find, a spin-off of Lucky Star: "Miyakawa-ke no Kuufuku". Since my online friend managed to find easily the Madoka Magica light novel in a second hand bookstore in Japan for 200 yen, and since on Amazon you can buy it for 50 times this price, I guess trips to Japan rather than paying outrageous prices can end up way cheaper. But let's say what I want is out of print. I'd have to resort to buying an owned copy. A reverse auction may end up my only solution. So, what are your thoughts on the matter at end? Can't relate? |
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| That's effectively the same as a wanted ad. I've done it many times before. You go to a relevant website, put up the classified ad listing what you want to buy, and people contact you if they happen to have it and are willing to sell it. If you are okay with the price someone offers, you can buy it from them. It's pretty simple. |
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SadMadoka said: That's effectively the same as a wanted ad. I've done it many times before. You go to a relevant website, put up the classified ad listing what you want to buy, and people contact you if they happen to have it and are willing to sell it. If you are okay with the price someone offers, you can buy it from them. It's pretty simple. I wanted to know some things. Can people see the price offered by other sellers? Are they being pushed into lowering the price that way? Or does it happen in private? For what have you done this? Are there multiple websites you did this on? And among those relevant websites, are there popular ones at the level of Amazon, Alibaba, Ebay? |
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Lolsebca said: I wanted to know some things. Can people see the price offered by other sellers? Are they being pushed into lowering the price that way? Or does it happen in private? For what have you done this? Are there multiple websites you did this on? And among those relevant websites, are there popular ones at the level of Amazon, Alibaba, Ebay? Depends on the site you use. For the ones I've used, I just put up the ad and listed an ideal price I wanted to pay, then sellers contacted me privately. Some sites make it so that you communicate via email, and others have their own messaging system. Sites as popular as eBay don't have wanted ads or reverse auctions. You'll want to go to a more niche site specializing in the type of items you want. Since my main hobby is audio gear, I've mostly done it for items related to that. The most recent one was an HDMI cable with superb build quality, a cool aesthetic and high-tech design. (Although HDMI is typically used for video, it can also be used exclusively for audio in certain systems.) It was discontinued years ago and I couldn't find it anywhere...but when I put up a wanted ad, someone sold his to me on the same day. In case you're curious, it's this item: https://www.musicdirect.com/cables/shunyata-venom-hdmi-cable If you're okay with meeting people in person, you can use sites like Craigslist. That's more risky, though. |
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| The one you are looking for is only 660 yen brand new on amazon though. https://www.amazon.co.jp/%E5%AE%AE%E6%B2%B3%E5%AE%B6%E3%81%AE%E7%A9%BA%E8%85%B9-%E8%A7%92%E5%B7%9D%E3%82%B9%E3%83%8B%E3%83%BC%E3%82%AB%E3%83%BC%E6%96%87%E5%BA%AB-%E5%BE%85%E7%94%B0-%E5%A0%82%E5%AD%90/dp/4041011701/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1628976869&sr=8-5 |
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Narmy said: The one you are looking for is only 660 yen brand new on amazon though. https://www.amazon.co.jp/%E5%AE%AE%E6%B2%B3%E5%AE%B6%E3%81%AE%E7%A9%BA%E8%85%B9-%E8%A7%92%E5%B7%9D%E3%82%B9%E3%83%8B%E3%83%BC%E3%82%AB%E3%83%BC%E6%96%87%E5%BA%AB-%E5%BE%85%E7%94%B0-%E5%A0%82%E5%AD%90/dp/4041011701/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1628976869&sr=8-5 Thanks! But I mostly wanted to put this part to explain why one would want to use reverse auction. I just found out the name by watching Hunter X Hunter, near the |
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Lolsebca said: Thanks! But I mostly wanted to put this part to explain why one would want to use reverse auction. I just found out the name by watching Hunter X Hunter, near the Hunter x Hunter also had conditional auctions. lol... Now I'm thinking of all the scammers who responded to their wanted ad for that rare game. I'm not sure if wanted ads technically qualify as reverse auctions, though. https://en.wikipedia.org/wiki/Reverse_auction |
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| I don't know how that would even work. The person just offers a sum of money and the bidders... offer wares? Like... Idk what you're getting at. |
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Salty-GB said: I don't know how that would even work. The person just offers a sum of money and the bidders... offer wares? Like... Idk what you're getting at. I'm thinking that a wanted ad is kind of like reverse auction, but that to qualify as an auction it has to have competition. And since the prices go up for the demand in a normal auction, the price with this economical competition should probably drop, as a competition between sellers...? Whereas wanted ads (from what I understood from @SadMadoka) are mostly to have a connection between sellers and interested buyers, auctions have to have some competition, and wanted ads can have more privacy, whereas an auction has some degree of transparency for it to be a competitive market. Of course, the buyer with wanted ads can probably tell a seller he could get it cheaper somewhere else, whether it be a bluff or the plain truth. So in this way even with privacy competition can take place. |
EmiliaHoarfrostAug 15, 2021 4:03 AM
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Lolsebca said: Salty-GB said: I don't know how that would even work. The person just offers a sum of money and the bidders... offer wares? Like... Idk what you're getting at. I'm thinking that a wanted ad is kind of like reverse auction, but that to qualify as an auction it has to have competition. And since the prices go up for the demand in a normal auction, the price with this economical competition should probably drop, as a competition between sellers...? Whereas wanted ads (from what I understood from @SadMadoka) are mostly to have a connection between sellers and interested buyers, auctions have to have some competition, and wanted ads can have more privacy, whereas an auction has some degree of transparency for it to be a competitive market. Of course, the buyer with wanted ads can probably tell a seller he could get it cheaper somewhere else, whether it be a bluff or the plain truth. So in this way even with privacy competition can take place. It sounds like you just want an auction then. A wanted ad is essentially just a private auction. What about it makes it reverse? |
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| @Salty-GB The classical auction has 1 object sold by 1 seller, and many buyers, and many prices and the highest price wins. Here it's 1 object desired by 1 buyer, and 1 or more sellers, and maybe different prices, and rationally speaking the cheapest seller should win the auction. |
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Lolsebca said: @Salty-GB The classical auction has 1 object sold by 1 seller, and many buyers, and many prices and the highest price wins. Here it's 1 object desired by 1 buyer, and 1 or more sellers, and maybe different prices, and rationally speaking the cheapest seller should win the auction. But in real life, that wouldn't really work. People aren't THAT interested in getting rid of stuff that they would lower their price, especially for something as small as a light novel. If they don't see the price as fair, they would just offer it to someone else. The people with the desired object still hold all the power in this situation unless the starting sum is enormous. |
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Salty-GB said: Lolsebca said: @Salty-GB The classical auction has 1 object sold by 1 seller, and many buyers, and many prices and the highest price wins. Here it's 1 object desired by 1 buyer, and 1 or more sellers, and maybe different prices, and rationally speaking the cheapest seller should win the auction. But in real life, that wouldn't really work. People aren't THAT interested in getting rid of stuff that they would lower their price, especially for something as small as a light novel. If they don't see the price as fair, they would just offer it to someone else. The people with the desired object still hold all the power in this situation unless the starting sum is enormous. Well, in general I'm thinking an auction wouldn't be for items that are very many, so yeah there is a power of negotiation. That's prolly why I just stumbled upon it, it's a rare case. |
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| Never even heard of a reverse auction. |
"Molly Ringwald" out right now - check my Linktree!  |
Lolsebca said: Salty-GB said: But in real life, that wouldn't really work. People aren't THAT interested in getting rid of stuff that they would lower their price, especially for something as small as a light novel. If they don't see the price as fair, they would just offer it to someone else. The people with the desired object still hold all the power in this situation unless the starting sum is enormous. Well, in general I'm thinking an auction wouldn't be for items that are very many, so yeah there is a power of negotiation. That's prolly why I just stumbled upon it, it's a rare case. There may not be many of the item, but that would be a bigger issue for you. Through a reverse auction the seller will learn that the item has value. I think the biggest flaw is that for the seller, a reverse auction just isn't really all that viable. With a normal auction there is no maximum bid, but in a reverse auction there is always a minimum which is $0. Why get a lower price for something that you now know is valuable to some degree when you can put it to an auction and have the small but dedicated buyer base bid it out. |
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