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Ruger 10/22 Rifle Auction with No Reserve Price!

This is a discussion on Ruger 10/22 Rifle Auction with No Reserve Price! within the OnTargetAuctions.com forums, part of the Forum Sponsors & Commerce category; . Friday the 13th NO RESERVE PRICE Gun Auction Some people consider Friday the 13th to be unlucky, but not this year! On Target Auctions ...

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Old 01-06-2012, 11:58 PM   #1
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Exclamation Ruger 10/22 Rifle Auction with No Reserve Price!

.


Friday the 13th NO RESERVE PRICE Gun Auction

Some people consider Friday the 13th to be unlucky, but not this year! On Target Auctions is featuring a No Reserve Gun Auction - a classic, the Ruger 10/22. If you don't have one, you need one. If you have one, then you need another to modify!

Click here to see the auction.

Yes, the last person to place a bid on this awesome rifle will take it home - no reserve price set!

So get your bidding finger ready and set your alarm for Friday, January 13, 2012 at 6:25 pm PST and don't let this auction pass you by!



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Old 01-13-2012, 09:43 AM   #2
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The auction ends tonight! Someone will have a lucky Friday the 13th by winning a Ruger rifle for pennies on the dollar.

Good luck!


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Old 01-13-2012, 10:03 AM   #3
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Similar to gambling. No thanks....Looks like a scam.
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Old 01-13-2012, 04:56 PM   #4
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Quote:
Originally Posted by rockymax View Post
Similar to gambling. No thanks....Looks like a scam.
Yeah, it's nothing like either. It's an auction. You bid high enough, you win. You don't, lose you. Pretty straight forward. And given that they're a site (XDTalk) sponsor, I would put a great deal of faith in them. Especially as I've won a couple of auctions at OnTarget.
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Old 01-13-2012, 05:16 PM   #5
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Yea I did want to know about the reserve. Do you loose the bids that you have placed if no-one meets the "reserve" price??
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Old 01-13-2012, 05:39 PM   #6
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ok so... just to be clear on this, I pay for "bids" and I use the "bids" to try to win an auction. at that point I pay for what I won?

if I don't win, I wasted my bids and must buy more?

so I pay for a chance to bid and then I pay for the object.


so if I buy 3 bids and win I would maybe get a bargain (maybe not though), but if I buy 3 bids and don't win I basically paid for nothing.

I would need to observe these for a while so I can determine the probability of getting a good deal.
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Old 01-13-2012, 05:44 PM   #7
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Well if you buy a few bids then you loose out. The way that the quibids guru's do it is buy a bunch of bids at once. Then make a point to buy something don't spend 5 bids here or 5 bids there that is a waste. Buy 200 bids and get your item it is the only way to win is be determined and you will win. The idea is to wait it out untill everyone else has about given up then start your campaign
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Old 01-13-2012, 06:02 PM   #8
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Thanks everyone for your interest. I will try to hit some of the main points.

1. If the reserve price is not met, all bids are 100% refunded! We are slowly moving away from reserve prices (like tonight's Ruger 10/22 - no reserve) as we get more users. We would love to give away guns to everyone, but we would be a short lived company

2. If you place bids on an item and do not win, we will credit those bids to the purchase price of the item using the BUY NOW button on the auction's page - so your bids never have to go to waste!

3. Each auction also has bid calculator showing how much the total cost of the item will be (bids + purchase price + shipping).

Again, thanks for checking us out and if you have any questions, feel free to email or call us!


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Old 01-13-2012, 07:45 PM   #9
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I think OTA will back me up on this, but I have never been a fan of penny auctions. No matter how many I tried to use, I always felt like I was getting worked over. Whether it was Quibids or any of the other ones out there, starting out is the worst. As they were already established auction sites, you start out way behind everyone else. Your initial out-lay of money is pretty high just to catch-up to where everyone else is. You need bids. They're not free. You're spending money before seeing any reward. This is where strategy comes in.

If you buy the minimum bid package available (25), you're going to spend $24 at OTA. What should you buy first? Bid packages. It's the easiest and cheapest way amass a sizable amount of bids. For instance, recently a 30 bid package was bought for $.20 (+2.00 processing). So, $2.20 later, the winner has 30 bids that he won, plus whatever he has left. So, let's say, it was a 25 bid package that was purchased for $24, plus another $2.20 for 30, minus the, say 6 bids he placed to win the 30. He's now sitting on 49 bids and has spent $26.20. Or about $.50/bid.

I'm going to be honest here. I don't want any of you to join the site. I like you all, but having everyone from here, on there makes it more difficult to win auctions. BUT, the benefit is, as you buy bid packages, the site makes money and they're able to offer more/better equipment along the way.

Do your research. Run the numbers. I won a recent auction for a Leatherman Skeletool. I paid $8.09 (including shipping). I received it about 5 days after the auction closed. I doubt OTA has much of a staff at this point, so for one guy (or a couple guys) to have the service that they have is pretty remarkable.

If you've got some change in the couch cushions, give it a go. Or, do as Bonehead said and watch the site for a while. See the final prices things are getting sold for. The reserves are a pain right now, but when the site starts making more money, I'm sure the reserves will go away. Doing the math, they've got to pay for this stuff before they sell it. It sucks to think of it that way, but it's not like Springfield, Ruger, Glock and the others are just going to give this stuff away for other people to make money off of. It would be nice, but I think we all know better.

Good luck tonight folks!
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Old 01-13-2012, 08:33 PM   #10
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So every time someone bids now, the clock resets to 30 seconds, so essentially it could go on forever, don't really have to have fast fingers, just need to know what your max bid is...

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