Car auctions website info

[metcars 395]

I'm guessing that car auctions can monitor activity on their website listings. They must be able to tell what cars are attracting interest and what cars are being "watched" by users, then pass this info onto vendors to decide on reserves. With this in mind, would it be prudent to appear disinterested and not watch any vehicles, to keep the reserves prices down.

 

Might ask for a pad and pencil for Christmas

[Andy Entwistle 96]

interesting thought, its not something i've heard of and i doubt they would admit it if they did?

[Gavin@Rousdon 137]

The reserve price only has a bearing if the car doesn't make it's reserve. Just because it has 100 watchers doesn't mean it will make more money when it goes through. The value is determined by the bidding process.

[metcars 395]

The reserve price only has a bearing if the car doesn't make it's reserve. Just because it has 100 watchers doesn't mean it will make more money when it goes through. The value is determined by the bidding process.

But I'm assuming that if the cars have been on the website for a few days prior to the sale, the vendors will know in advance of the sale what cars are popular and what ones aren't. I suppose we would have to be pretty naiive to think that these website dont provide any info for the auction houses! After all, its no big secret that large vendors arrive early before their sale, I suppose they could be talking about Golf or football, but more likely playing games with reserve prices, especially when they can view all our 'watch lists' and view counts etc.

[Wheelerdealer1 91]

Ebay tells us that watchers doesn't mean buyer, I had an old mk3 escort up with hundreds of watchers, and it stayed well under grand and didn't even meet the reserve

[metcars 395]

Ebay tells us that watchers doesn't mean buyer, I had an old mk3 escort up with hundreds of watchers, and it stayed well under grand and didn't even meet the reserve

 

You're right. I'm probably worried about nothing