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Grays Online NAD sale


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12 hours ago, :) al said:

 

their auctions also if I recall have no end...ie just when you think the auction is done if someone else keeps bidding the price just keeps going up and up and up....

 

A bit like the Sonique sale a few years ago. Apparently if you enter the auction during the last minute, the remaining time will be extended to allow the previously highest bidder a 'fair' chance to respond. And so on - indefinitely...

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12 hours ago, evil c said:

Often seem to have very generously inflated retail prices quoted to suck in buyers going above fair value.

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Also very true. The RRP quoted is a highly inflated

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To all the posters and watchers here.

I consider myself a type of graysonline specialist

  •     I do drive a car bought on grays
  •     surround sound and bedroom amps bought there.
  •     some interconnects and
  •     and 2 TV's
  •  as well as a few speakers

Add to that a few speakers and quite a few other items since sold off.

 

However, you have to very, very careful:

 

Need to understand the premiums added. Need to understand that they add items together , but then say it is actually different auctions. Bigger problem  - the auction stays open until there are no more bids for 10 minutes (lost $1K that way). The RRP quoted is Bull....

 

Also be careful with pick up only. Although that could be used as an advantage as there are many people  that do pickup and delivery, e.g. $100 for 65"inch plasma from Sydney to Grafton.

 

My rules are:

Do a lot of research, know your product

Rule of thumb is about a third of the RRP

 

My closing comment: there are a lot of fools on the web ( I know, I once was one of them :) )

 

 

 

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I've always hated how ebay encourages sniping and has a fixed cutoff time.  The TradeMe apprach of selling it to what the market wants seems much more logical - keep the auction open until the second-highest bidder drops out.

 

Grays is a different kettle of fish, their fees and charges are horrible.

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58 minutes ago, Bruno28 said:

So are the items actually second hand?

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The items could be, but normally they are either new and just being sold to get rid of it, or they may be demo's or reconditioned.

The main thing is to do your research of the price of something new and compare that to the price you pay, making sure you have the same warranties.

Enjoy.

 

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There were definitely some bargains but some items went for too close to their rrp in my opinion. Better off buying on sale from a retailer.

I hope I got those bargains. Looked online and demo versions of the M12 go for about $4400.

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Just now, Alfred Hayes said:

There were definitely some bargains but some items went for too close to their rrp in my opinion. Better off buying on sale from a retailer.

Lots of fools bidding there, I got caught a few years ago and then proceeded with caution. 

Extremely important to know your prices and the hidden costs on Grays to get a good priced item.

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Lots of fools bidding there, I got caught a few years ago and then proceeded with caution. 

Extremely important to know your prices and the hidden costs on Grays to get a good priced item.

Their trick to get people to bid then add 17.5% should be illegal. I must say I didn't know until I read here and that was too late. But I do think I still got some savings. Hope someone can comment on the NAD M12 I won so that I don't feel like a fool now.

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