Stevie Nicks collection

[SpyNote]

Originally Posted by nailatixela

Oh, I see now. I thought you were doing each item one by one.

Best of luck with the auction...but I'd be a little nervous with bidding in it. I'm not sure, if more than one fan will get the items, how will payment work out? It might get kind of messy with paypal - and if someone doesn't pay who never won the auction you won't be able to file a claim with paypal on that person. And if we have a written agreement with other ledgies, what about othside sources from other ebay bidders that aren't on the ledge? They wouldn't be part of a written agreement.

If some ledgie fans have an agreement, would we all be bidding? If I make a deal with Ledgie A, B, and C and we divide up what we want, why wouldn't one of us just bid once, and wait for the auction to end? It might end up selling for a low price because of that...if we are all getting what we want in a written agreement there is no point for us to all raise the auction price higher.

Just some thoughts to think about...I'm interested in some of your stuff as I'm sure you have some great goodies, but it sounds complicated and a little risky.

It would take some coordination to bid as a group. You'd have to entrust one person to do the actual bidding, preferably someone who's skilled at winning auctions on eBay. If you decide to go in as a group, you and your party should prepare a written group agreement--clearly stating who will get what and the maximum bid that each individual would be willing to submit for those items--well in advance of the auction, which is why I'm letting everyone know now. The agreement would be legally binding, so, unless you want to appear in front of Judge Judy, the messy issues should be addressed by the time the auction starts -- not after!

Having a higher set maximum bid would be the greatest advantage of bidding as a group. Other bidders won't be aware that your single bid represents X number of people participating in this particular auction, so they may try to lowball the bidding. And there are all kinds of bidding scenarios that you'd have to address beforehand, for which you'd develop some bidding strategy (e.g. bidding early vs. bidding later).

The greatest disadvantage, which I alluded to above, is the coordination. A legal binding agreement must be well written and approved by all parties. It could take some time to reach consensus. As a seller, I'd only be obligated to describe all items accurately, coordinate payment between me and the auction winner, and ship all items in a secure and timely manner. So you should ideally group only with people who you know to be responsible and trustworthy.

[nailatixela]

Thanks Daniel. Sorry your thread got taken over. Thanks for thinking about my suggestions. I just don't think I'll be able to go into a group...to much of a chance of getting screwed over somewhere some how. I still think it would be cool, once you tell us in detail what you have, to open it up to us here to give you our best offer for items. I've done ebay for sure and the fees suck. But anyway, best of luck.

[SpyNote]

^^^
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