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eBay selling scenario: Would you take advantage of exuberant bidders?
jonathanb
Posts: 3,463 ✭✭✭✭✭
So I'm watching an item that's slated to close in a couple of hours, and two bidders have currently bid it up to 10x of what it's worth. For the sake of argument, let's say that there are lots of auction records at $100, and it's currently bid up to $1,000, and let's assume that I'm right about the actual value.
I have another one that's nicer than the one listed.
I wasn't really planning on selling mine, but I wasn't really thinking that I could get 10x value, either!
Should I list mine with a BIN at like 8x value and see what happens?
I have another one that's nicer than the one listed.
I wasn't really planning on selling mine, but I wasn't really thinking that I could get 10x value, either!
Should I list mine with a BIN at like 8x value and see what happens?
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The french would say, "Comme tu veux", which basically means, do whatever you want.
Any chance you missed some variety?
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Who's going to pass on getting $1000 for a $100 bill??
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<< <i>why not try a second chance with the underbidder and tell them it's a better coin.
Any chance you missed some variety? >>
That's what I would do.
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SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>why not try a second chance with the underbidder and tell them it's a better coin.
Any chance you missed some variety? >>
How do you access underbidder information when the original auction isn't yours?
peacockcoins
<< <i>Any chance you missed some variety? >>
Possible, but I don't think so. Since I don't know either way, I have to go ahead assuming I didn't.
<< <i>could be shill bidding by friends waiting for a real fish to stroll along too... >>
Actually, that did occur to me. The bidding histories look legit for the two bidders.
So anyway, I've gone ahead and listed mine at about 80% of the final bid. We'll see what happens. Since I truly wasn't planning on selling, I guess I'm not too concerned either way.
Thanks for the sanity check!
jonathan
The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!
This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>So anyway, I've gone ahead and listed mine at about 80% of the final bid. We'll see what happens. Since I truly wasn't planning on selling, I guess I'm not too concerned either way. >>
If by chance yours doesn't sell I'm seriously interested at 1/8 your listing price!
<< <i>I was watching that insanity too!
The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!
This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common? >>
That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks.
Sean Reynolds
"Keep in mind that most of what passes as numismatic information is no more than tested opinion at best, and marketing blather at worst. However, I try to choose my words carefully, since I know that you guys are always watching." - Joe O'Connor
<< <i>That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks. >>
Fun to view as sane bidding stopped at $156.56
<< <i>
<< <i>I was watching that insanity too!
The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!
This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common? >>
That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks.
Sean Reynolds >>
Most of the collectors in possession of these are too old to even know how to surf the web. If they are lucky enough to have a nice color plated Americana auction catalog pass in front of them, they might become aware of some value in these, but not of the one I linked.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Lincoln Aluminum NGC64
I sold one of the original Bronze NGC through Heritage a couple of years ago, it hammerd at 850.00.... quite a bit shy of $2,000+
<< <i>why not try a second chance with the underbidder and tell them it's a better coin.
Any chance you missed some variety? >>
I have done this in the past with pretty good success.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces