Quote:
Originally Posted by August
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Furthermore people like the tunnel because they like to haggle and feel like they win. If you put your actual price for an item in the auction you're just a plain idiot. The ratio of people giving me my asking price versus trying to haggle me down is on the upside of 10:1.
Again, people do different things for different reasons. But, if you think that putting your price in an auction is going to sell something QUICKER, you're just wrong.
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To your last statement, it depends on the price. If you auction something at a discount it most certainly will sell more quickly. If you auction at a premium then it will make less difference, because many players will assume that if you are not advertising a price then you must be looking t sell at a premium and will not bother messaging. Those whom curiosity gets the best of will inquire the price, but will not bither to haggle because they will understand the two of you are too far apart. By blind auctioning you are really just limiting the size of your market to those who most desire the item and those who are uneducated about it.
As long as knowledge is available of the item's greater market value this method will be slower on average the lower your price is. The higher hour price is, the less difference it will make ^^