Why it is best to let auctions run...
WinPitcher
Posts: 27,726 ✭✭✭
Last week I decided to auction off some very old Boxing programs.
I have been selling off my cousin's old time collection for his brother
(my cousin) anyway, I started them at what I felt was 1/4 of there value.
Within a day someone placed a bid on them and then the offers came pouring in.
All were what i felt lowball but I didn't want to reply in such a manner so I politely
said thanks for the offer but felt that since someone had already placed bids on them
that the auctions should run there course.
The auctions of course exceeded the offers by leaps and bounds.
So my advice to those that contemplate taking offers after you have put in item up for auction is DON'T.
I can't tell you how many times I have been disappointed seeing an auction ended early (even though ebay allows it)
for an item I had contemplated bidding on. Those sellers never se my bids again.
Steve
I have been selling off my cousin's old time collection for his brother
(my cousin) anyway, I started them at what I felt was 1/4 of there value.
Within a day someone placed a bid on them and then the offers came pouring in.
All were what i felt lowball but I didn't want to reply in such a manner so I politely
said thanks for the offer but felt that since someone had already placed bids on them
that the auctions should run there course.
The auctions of course exceeded the offers by leaps and bounds.
So my advice to those that contemplate taking offers after you have put in item up for auction is DON'T.
I can't tell you how many times I have been disappointed seeing an auction ended early (even though ebay allows it)
for an item I had contemplated bidding on. Those sellers never se my bids again.
Steve
Good for you.
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Comments
Which in this case happened, I wound up with 900.00 in sales instead of taking the 300.00
offered. The 300.00 offered was the best of the 3 offers I received.
Edited to add: Most of the bidding were snipes.
Steve
Couple years ago, I eBay'ed a 1962 toy electric racing car (just a little thing -- could easily fit in my hand). I saw that other cars of that era were selling for a couple hundred bucks -- and so that's what I expected to get.
Anyway, the price quickly rose to 300 bucks, and then I received several "offers" to end the auction for 600 bucks.
Long story short, it ended up selling for 1525 bucks. It turned out that the toy car was an especially rare color.
All I could do was laugh all the way to the bank -- somebody actually paid $1525 for a toy car!!!
And then I turned around and used most of the money to buy a PSA 7 1956 Mantle. I guess everybody has their own idea of what's simply a useless toy.