Re: eBay - One Seller's Experiences


[ Follow Ups ] [ Post Followup ] [ Ukiyo-e Q & A ] [ FAQ ]

Posted by Dave Bull on November 13, 2002 at 05:30:28:

In Reply to: eBay - One Seller's Experiences posted by Call me D. on November 12, 2002 at 17:28:41:

: When I list original things well under their value, I can hardly get a bid until the last minute of the auction. It seems those in the know keep the prices low by not bidding at all, making others who don't know as much think the seller is not good or the item not worth it. Then they swoop in at the end and buy it up cheaply.

Can I reply to this without getting involved in any 'flaming' here ... just an exchange of opinions?

It is in the very nature of an auction that the actions of the seller and the buyer are diametrically opposed - the seller wants to get as much as he can ... the buyer wants to pay as little as possible. Experienced buyers on eBay (I am one) have learned that bidding early and bidding often simply serves to push the price up. Holding back until just before the deadline is the best strategy to follow to achieve the aim of keeping the price down. This is not in any way at all unethical - it is common sense.

When you as a seller put something out into the eBay marketplace you must understand that the only way the price will increase is if more than one person wants that item. If (say) two people want your print, then it doesn't matter in the slightest if they bid early or bid late. Experienced bidders may bid late, but they will bid with a proxy bid which contains the maximum price they are willing to pay for your print. If your experience is that the prices on your items don't rise to the level you want - then simply your items are not interesting to enough potential bidders.

You say 'I watch as these sellers get skyrocketing prices for their reprints'. Skyrocketing prices are simply an indication of heavy demand for an item. This is what auctions are all about.

If you are unhappy with the prices your items are realizing, then perhaps you should be starting these items at a higher price to begin with.

Just 2 cents from the buyer's point of view ...

Regards,

Dave Bull



Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:
Optional Image URL:


[ Follow Ups ] [ Post Followup ] [ Ukiyo-e Q & A ] [ FAQ ]