(recorded live on 02-27-2013)
Doc, Grant and AJ talk with Hank Whaley, CEO of Pennygunauction.com; AJ reviews the STI Guardian and then we discuss a few emails.
Show Links:
- Gun Rights Radio
- Average Joe's Handgun Review
- Grant Cunninham: The Revolver Specialist
- Live Bar Stool Discussions with Mark and Doc
- Pennygunauction.com
- CHECK BACK HERE LATER FOR A FREE BIDS COUPON CODE FOR PENNYAUCTION.COM
- Winning Bid of the Auction We Were Watching
- AJ's review of the STI Guardian
- Music: Remind Me by Fissure
3 comments:
Interesting show... I haven't done a penny auction but I can't get over the basic statistics:
If a a gun sells for $50 then, collectively, site users will have paid $2500 for the gun. That also means that if you win auctions at an average rate, you will pay $2500 average for each gun that sells for $50. Of course you can do better, but only by beating out others in the statistics - others have to do worse. Doesn't seem like much of a bargain to me.
I agree with you!
I guess what makes it fun is getting caught up in the "action" of it all???
In the above example, the winner pays $50 plus $0.50 x number bids he/she used. That seems like an OK bargain by me.
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