Can you have a BIN price on your auction (1 Viewer)

[AK Chip]

I looked but couldn’t find an answer.

I would like to auction a set. My starting bid price is below my purchase price (willing to take a hit) but I’m not looking to profit. Can I place a BIN price at what I paid for the set?

@Tommy

 

[k9dr]

If it's the St. Maartens hit me up

 

[AK Chip]

If it's the St. Maartens hit me up

Sorry it is not that set.

The set is my second most favorite after the Vegas World set I foolishly let go.

 

[DirtyTIVA]

Why not make a regular listing with your BIN price with an OBO option?

 

[Rieguy]

I would like to auction a set. My starting bid price is below my purchase price (willing to take a hit) but I’m not looking to profit. Can I place a BIN price at what I paid for the set?

Why not make a regular listing with your BIN price with an OBO option?

I recommend what Karl says here or a Dutch Auction. I think the latter is the best of those three formats combined with what you're laying out intent-wise here. The price won't go above or below what you're comfortable with at any time, you run it as you see fit criteria-wise, and it's kind of fun. Also will go to someone who likely wants the chips and doesn't have to forget to set a timer to ensure it.

I've run a few but here's one for reference - https://www.pokerchipforum.com/threads/now-a-dutch-auction-hsi-1as-2-mint-racks.89720/

 

[BGinGA]

Imo, no issue with running an auction with a BIN price, so long as a) it runs the full stated duration of time, and b) a randomly-selected interested buyer is chosen when more than one person wants the item at the BIN price (assuming nobody bids higher).

Putting a ceiling price on an auction can only provide good for the community, if done with those two conditions. Everybody still gets a fair shot, and the price is capped. Win-win.