You seem to have a problem with how anyone is selling their bike mate - whats it gonna take for you to STFU. Get some happy pills mate.
Anyway there are many reasons $1 Reserve works well
1) Guaranteed sale at specified time - for a bike like SV1K it would have taken months to start getting offers/bids - at least I know I have a sale happening when this ends. I do not want to wait months like most bikes on trademe to sell esp as I have negotiated down the price on my next bike.
That's not completely true, a lot of bike sells then are "Relisted due to time wasters"
2) Fair market value - people can actually put down their max bid and test the market- when its offers only/fixed price people just wait for auctions to end or just watch. At least I get a sale at the best price somebody is willing to pay for it at the time. In my experience items at the lower end of the price spectrum tend to get better prices this way rather than at fixed price.
That's also not completely true as shill bidders can ramp the price up.
3) Much more interest generated - I had 50 views in the first couple of days - as soon as I made it $1 reserve had 350+ views - more views equals more potential buyers
Most which are tyre kickers that don't have $500 to rub together but they still bid to three or four thousand sometimes
And as for scamming - I would be more worried if I was a dealer selling at $1 reserve as it negates your rights under CGA buying at auction. However at private sale it is the buyers due diligence anyway that will protect them.
In fact I have provided more info than almost any other bike auction out there. I have nothing to hide as you can read on the description, this is my daily vehicle so it has to be upto scratch. Better than most of the bikes which have no service history and have not been looked after as well.
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