Would you pull your Ebay Auction if bids really low?
Cougar1978
Posts: 8,818 ✭✭✭✭✭
Is it up to 12 hours before auction close you can cancel bids and end an ebay item?
Your slabbed $85 coin is about to close on ebay and you have a short time left to end it (and cancel any bids before auction close) and it has just one bidder at $9.95. What would you do?
A. Leave it alone and let her rip, TOFT.
B. End it, cancelling the bid and just throw it back in the store at retail.
C. End it, and put it in the box of coins your giving to your child or grandchild who is a young collector for xmas.
D. End it and just bury it in your bankbox for another few years.
A friend recently had this situation which is no surprise in this market. He was very distraught when he found out he could not end it (there was just half hour left in auction).
Your slabbed $85 coin is about to close on ebay and you have a short time left to end it (and cancel any bids before auction close) and it has just one bidder at $9.95. What would you do?
A. Leave it alone and let her rip, TOFT.
B. End it, cancelling the bid and just throw it back in the store at retail.
C. End it, and put it in the box of coins your giving to your child or grandchild who is a young collector for xmas.
D. End it and just bury it in your bankbox for another few years.
A friend recently had this situation which is no surprise in this market. He was very distraught when he found out he could not end it (there was just half hour left in auction).
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If they are your friend, shill for them.
Nope, I honor true auctions...
bob
Let it ride! BTW...what is the coin?
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NGC registry V-Nickel proof #6!!!!
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RIP "BEAR"
That said, what did it end at for your "friend"?
btw...if someone lists it as a true auction, there is no "TOFT" (take one for the team), as that is a fair listing.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
If you paid too much for your inventory then an auction will not likely bail you out. If you want to sell at the best price, you shouild probably buy a table at a major show, if you have a superior coin that is not well represented by internet pictures. Loss can be a significant risk in any business.
OINK
Nope, I honor true auctions...
+1
In fact, I lost money on two 99 cent start auctions last night.
``https://ebay.us/m/KxolR5
Told one of my "helpers" to list it…. It's up to $9 . Don't know about them key word spammers. Should have told him to put Cal Ripken Jr in the title.
``https://ebay.us/m/KxolR5
Is it up to 12 hours before auction close you can cancel bids and end an ebay item?
Your slabbed $85 coin is about to close on ebay and you have a short time left to end it (and cancel any bids before auction close) and it has just one bidder at $9.95. What would you do?
A. Leave it alone and let her rip, TOFT.
B. End it, cancelling the bid and just throw it back in the store at retail.
C. End it, and put it in the box of coins your giving to your child or grandchild who is a young collector for xmas.
D. End it and just bury it in your bankbox for another few years.
A friend recently had this situation which is no surprise in this market. He was very distraught when he found out he could not end it (there was just half hour left in auction).
Retail is no fun online, at ebay. That's just showboating
If your idea is to have fun with coins, have fun.
If your idea is to make money with coins, have fun.
``https://ebay.us/m/KxolR5
In short, the game is rigged by E-Bay and their biggest sellers. There's no crime in protecting yourself from a huge loss.
If E-Bay still charges a final value fee you might as well have a friend shill bid it for you in the last 5 seconds. A sniper program will protect you from a complete loss be then set the final bid at a reasonable number, not your dream number.
Shill bidding is against the law. I have family/friends who are not allowed to bid even when it's well below "fair market value". And then there's an item still in possession of the owner who just doesn't want to sell. And that's why he puts a RETAIL price on it.
Opportunity is always available at a lower than expected price for the picker.
``https://ebay.us/m/KxolR5
Don't worry, just let it ride. Most bidders bid in the last minute or less.
bob
Right. I've seen moon bids come in the last seconds of a listing. Others end with a whimper. It's impossible to predict.
more fun that way... Cheers, RickO
Ebay is not a true auction. They won't be a true auction unless they change the bidding format to allow some period of time (say 5 minutes) after the last bid to declare the item sold. A format that allows sniping is not a true auction.
Not so sure about your statement. I've never been to an auction, where it's not final until 5 minutes after the gavel falls.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Jim
edited to add: Sorry I didn't answer your original post, but no I would not pull an auction and never have.
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I have been selling on ebay since 1998 and at shows since 1990. As for me, I will start cheap material low but more expensive material probably not less than BV or say 20% behind bid.
I'd let it ride as I made the decision to list it that way.
That said, what did it end at for your "friend"?
btw...if someone lists it as a true auction, there is no "TOFT" (take one for the team), as that is a fair listing.
He ended the item and listed it in his store at retail. It had a $9.95 bid on an item worth $85. Any ebay fee on the cancellation was immaterial compared to getting ripped.
Most sniper tools bid at the 5 second mark. BTW a lot of $85.00 cost items are only worth $9.99 anymore.
Good point, and your very correct on items bringing a fraction of value in this market.
Stop looking, wait for the end of auction listing results, or just list with either a buy it now or a higher opening bid.
HOWEVER, there are about 2 trillion eyes looking at ebay, programs running to look for "deals", saved searches looking for outliers, misspellings, etc.
Do not think you item is "hidden".
An $85 is NOT 6 sigma rare.
Soooo, If it goes for $22, then that is probably, at this time of the earth's movement across the cosmos, is what it is worth to the highest bidder out there.
IMHO, the Buy It Now is where the deals often lurk. I bought 3 items this morning, that, according to my data set, WAY underpriced. Tax refunds are starting to hit, so buying is increasing PLUS taxes due are starting to hit, so LISTING is picking up.
Is it up to 12 hours before auction close you can cancel bids and end an ebay item?
Your slabbed $85 coin is about to close on ebay and you have a short time left to end it (and cancel any bids before auction close) and it has just one bidder at $9.95. What would you do?
A. Leave it alone and let her rip, TOFT.
B. End it, cancelling the bid and just throw it back in the store at retail.
C. End it, and put it in the box of coins your giving to your child or grandchild who is a young collector for xmas.
D. End it and just bury it in your bankbox for another few years.
A friend recently had this situation which is no surprise in this market. He was very distraught when he found out he could not end it (there was just half hour left in auction).
Perhaps your $85 coins isn't an $85 coin.
During the past 18 months or so, I've had probably 1 bid cancelled by a seller. Until this weekend. Saturday I had 2 of my bids cancelled by 2 different sellers. Both auctions were nearing 1 day to go and apparently each seller got scared he wouldn't get his desired bid. Both auctions got relisted with much higher (actually ridiculous) starting bids.
The reality is that most bidding occurs during the last hour of the auction. If your item is a common item, you'll get your bid. If your item is something unusual with a small market, then you're best to cancel and relist at a higher starting bid.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
I would rather not waste any effort on bidding on their coins as someone doing something like that is not someone who I believe I could depend on.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I've had people offer me more than an item is worth to end an auction. My allegiance will always be with the present high bidder.
If an item brings more than you expect, do you refund the buyer?
``https://ebay.us/m/KxolR5
B. End it and throw it back in the store at retail. Done this on a number of occasions.
I am not going to let myself get ripped.
Have done this and in one instance the item sold at retail a week later.
I would suggest you review all auctions well before the 12 hours before close that you are locked in. Any that appear too low or lame in bidding activity I would consider ending. $9.95 might be a good start for something that melts at $18 but for an $85 coin perhaps a start at blue sheet or perhaps 5% less. Many of them are too lame or broke even to bid on that. TOFT - are you kidding - for people who will not pay the money - never! Even strippers don't do that lol.
zombie thread resurrection warning.......
When I list an auction at 99 cents with no reserve, I'm rolling the dice and whatever it ends at is the selling price. There are certain items which I have learned to not let rip at auctions.
I would never !
Just what in my life would change if my 9 hundred dollar coin brought 60 bucks ?
Nothing I can think of.
An auction is an auction.
No chance I would end it early.
Ive had it done on a coin I was winning (had a max bid already entered at well above market value...and I strongly doubt I was the only one.....so I suspect the seller's cold feet cost him in the end). Messaged the seller, who had a feedback of over 7000 at the time, and he responded that he "just couldn't take the chance".
Why on earth would he list it $0.99 NR to begin with? I strongly agree with thebeav's above statement, "An auction is an auction".
Always looking for tougher PSA 10's of Nolan Arenado, Alex Bregman, Mookie Betts, Francisco Lindor, and Mike Trout.