Trying to understand how this makes sense if you want to sell a card.
steel75
Posts: 1,601 ✭✭✭✭
First off I'm not going to mention the seller, but they are 1 of a handful of sellers who usually ask too much anyway that we all know on Ebay and they are ONLY BIN and reject any offers.
Ok....they have a card that is nice but overpriced. I've been watching it for 2 months at least hoping they might shoot me a offer like some do or simply lower the price just a little. Nothing. Checked it today and they RAISED it $25 bucks. WTF?
It's not selling and you RAISE the price? Help me understand how this makes any sense because I'm baffled.
1970's Steelers, Vintage Indians
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I wish I could help. I always think the same thing at antique stores and thrift stores - stuff has been sitting on the shelf sometimes it seems like for years. Wouldn't you rather sell it at a slightly lower price than sit on it?
Maybe because the price and level of difficulty to get a card graded is making that card and some cards harder to find? just a guess.
I tend to not waste my time with OBOs. Maybe it's my luck; many times I've submitted a very reasonable offer only to get crickets.
It's like they're waiting out the market to catch up to their price
These sellers don't take offers........just BIN
Usually, when there is a BO option, it means the original price is overpriced anyway. I have made offers on cards that the BIN price is $35 and made an offer of $33 and it is auto-declined, so the question is why even have a BIN? Seeing the other side though, I have raised prices on cards where the market has gone up. Just recently, I sold a card for $299 that I couldnt sell for $150 just a few months ago.
Just to be clear, this seller has NEVER cared what the market was. Their cards were always overpriced compared to the "market" from the jump and the card has been there at the same price for months.
Well, if someone really wants the card, but expects the seller to come lower if it doesn't sell at a price that someone thinks is too high, the seller raising the price $25 is a signal that that's not going to happen and someone had better buy now before the price goes up again.
Yes, I agree. The seller most likely doesn't really care if the card sells. They make it high on purpose because maybe they figure "if it sells, great, I'll just buy it back lower" or "if it doesn't sell I get to keep it anyway"
It's just supply and demand. Just keep looking for the card from another seller that seems reasonable and buy that. Personally, I have slowed down on buying stuff because I believe the market is due for a correction. Cards do not naturally double in price in two months unless there is some kind of unusual event. This has been happening a lot lately. A lot. I think when the global pandemic fever finally breaks, people are going to go back out into the sunshine and the demand will collapse. Now is the time to sell if you have stuff to unload.
Posting low or high is not the point. The question WAS after several months of no sale at a "high" price, why would you suddenly make it even "higher". Their have been several thoughts on this so far but none that would result in getting the card sold. Looks like another time waster on Ebay. Sometimes a question has no definitive answer.
I refer to these sellers as the Ebay Museums.
www.questfortherookiecup.com
That might be the only concrete answer that makes real sense.
The seller doesn't need the money bad enough.
Shoot that ain’t anything like I experienced. Card was listed at $330. I thought it was underpriced but like a dumb a$$ I offered $270. He countered with $300. When I noticed after work I went to purchase it. The card was no longer available and relisted at $1100. My bad for being stupid and cheap. Why? Because an auction was running for the exact same card and it had bids on it up to $880. Wasn’t meant to be. P S. The card had a smudge on the back but still. 😣
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
didn't psa do this? they raised the price for subs, then got an even larger influx of cards?
it's called "fomo" and the acronym stands for "fear of missing out". and you'd be surprised by the effect of "raising the price" has on potential buyers. crazy thing is that it happens all the time, 99% of folks just don't realize it. grocery stores practice this daily. raise the price, then next week offer buy 2, get 1 free which makes folks buy 3. problem being, they are now paying the same price per unit they would have last week, but now bought 3.
Aren't you able to send an offer even if the BIN doesn't mention it?
Thanks,
David (LD_Ferg)
1985 Topps Football (starting in psa 8) - #9 - started 05/21/06
Yeah, but they say no to any offers you send. I mean it's not end of the world, just found it odd.
not all listings are cut from the same cloth. a lot of sellers part ways with cards out of necessity, whereas others aren't actually looking to sell at all -- but they will if the stars align in their world. an everything-has-a-price mentality, if you will.
the fella who bumped the price when confronted with a hint of demand clearly falls in the latter category
you'll never be able to outrun a bad diet
Blackrose289???
707, zen, ... ???
deans?
Bingo...............we have a winner.
yeah, i can get your frustrations there. my scenario earlier w the grocery stores was based on prices that are at least somewhat realistic. that guy/company is off their proverbial rockers
When Deans sells a card even he must be surprised.
I worked with a guy whose parents were antique dealers and he dabbled a bit. No cards, but some sports memorabilia, toys, beer stuff and Coca cola.
He told me that if an item didn't sell, he would raise the price and it was surprising how often the item sold at the higher price.
This wasn't online, he would set up at shows and flea markets.
https://www.ebay.com/itm/1971-72-O-Pee-Chee-Buffalo-Sabres-Near-Team-Set-6-EX-MT/402259689120?hash=item5da88bbea0:g:Sh4AAOSwoZBf7Ywt
16 cards from a 264-card set for only $800,000. I wonder what the full 264-card set would cost.
buying O-Pee-Chee (OPC) baseball
but i have twins! i can't make them split up the near complete team set.
@blurryface said:
deans?
Bingo...............we have a winner.
Definitely my first thought. He does buy cards. A few years back he won a '55 Mays, PSA 5 for a little over $200. Took over a week to pay and listed it at $490 when it was in his possession. Funny, it's still in his "museum" at $1190 now.........
OK, real world example since I decided to try this on one of my listings ...
So raising the price got me 2.5x asking and sold in two weeks instead of two years. It's crazy that it works, but I'm a believer now.
Crazy, but it worked. Not so much for this card.....still collecting Ebay dust for Dean's.
Another real world example. Had an SGC card of a popular HOFer for sale for the past year or so. BIN, no BO. 1 person made a few offers below the asking price. I kept saying the price is listed and I'm not taking offers. I raised the price a few hundred. Same buyer keeps making offers and I decline for the same reason. Eventually his offers got above my original asking price. I raised the price again recently as I saw recent comps of comparable PSA graded cards. Not 24 hours after raising the price, the same guy said he would take it at my previous high price. I declined. Another 24 hours later and another buyer takes it my new price. So within a year, I raised the price twice and made an extra $800.
Time to play again, in the span of the last hour ...
We'll see what happens from here.
Then
@LarkinCollector said:
OK, real world example since I decided to try this on one of my listings ...
Mid-grade, low total pop card of an all-time great
Card had been on the monthly BIN/BO rotation for nearly two years @ $50 w/one offer less than I was willing to accept in that time
Less than two weeks ago, decided to raise the BIN/BO significantly (7x) to $350
This morning, wake up to a $125 offer, hit Accept, and get paid within 15 minutes
was all this the same card?
No, thankfully the first was legit from a second time buyer. Your package is going out with that sale tomorrow. The latest was just stupid from later today. I can send the eBay ID if you want to avoid.
phew. i didn't want ya to think the raising price strategy didn't work. crazy, but it can be a pretty effective motivator sometimes.
and share away. ain't nobody got time for that!