I recently bid on a pistol on Gunbroker. It was a "No Reserve" auction. I placed my max bid and I lost in the last hour. No biggie, it was an impulse bid in the first place. My bid was so low compared to the actual value of the gun that I couldn't resist. Anyway, I saw a link to the Relisted Item right after I lost the auction. It appeared to be the exact same gun, not a stock photo. I'm pretty sure this has happened to me before.
My question is, do dealers outbid actual bidders if the price is too low on a firearm and just relist it? Is that a common thing? Why don't they set a reserve or start the bidding at a higher price?
My question is, do dealers outbid actual bidders if the price is too low on a firearm and just relist it? Is that a common thing? Why don't they set a reserve or start the bidding at a higher price?