Posted: Mon Sep 12, 2011 8:19 pm
Someone was sssssssssssssso lucky to get this ultra rarity for peanuts with BIN
http://www.ebay.com/itm/SPLIT-DECISION- ... 3cbbdfc727
http://www.ebay.com/itm/SPLIT-DECISION- ... 3cbbdfc727
Uncompromising war on metallic modernism under the dictatorship of The Corroseum.
https://www.thecorroseum.org/forum/
It does save you 7 days waiting for the auction to close. You avoid fees but that only saves you a few bucks; it's not like ebay/paypal are taking half the final price. If people start emailing you wanting to make offers and the offers are similar, you should have a pretty good idea of what the item will be bid up to. If one guy offers $500 and everyone else is offering $50, yeah, in that case you ought to close it and sellThe Knell wrote:or other people bid less and you have < $X in the end. ending early is definite (and in most cases faster) cash without fees and shitnightsblood wrote: If a person is offering $X to end it early, they'll bid $X if you leave the auction running, and other people may big > $X. (
I think sellers end auctions early to get around the fees. Although it's shitty business, I can't really blame them with how ridiculous ebay charges have become. They fee you 3 times per transaction. Once to list, a second time on the final value of the auction and a third time when the buyer pays through paypal.nightsblood wrote:I emailed him within 9 hours of the auction starting to ask if he was accepting offers to end it early, and he didn't even reply. If he was willing to end it early, why wouldn't he have at least asked for my offer too? Weird.TheGreatEscape wrote:Seems like someone offered a pretty good amount of money so the seller ended the item early:
http://www.ebay.com/itm/SAVAGE-GRACE-Ma ... 2a13e65580
I agree ending items early is lame and it's stupid for the seller; you're almost guaranteed not to get as much money for the item. If a person is offering $X to end it early, they'll bid $X if you leave the auction running, and other people may big > $X.
There have been several records I was interested in that closed early in recent months, which is why i tried contacting this guy right away. Oh well
My 2 centsnightsblood wrote:Not buying the fees thing. Are fees annoying? Sure. Are they taking out such a big chunk of your profit that the only way to come out ahead is to end the items early? No way. End the auction early and you avoid a few dollars in fees, yet you could lose hundreds of bucks on an item like that Savage Grace LP when you don't give everyone a chance to enter a bid. Unless you know for sure that someone has made an offer so outrageous there's just no way anyone is gonna come close to it, you're losing money by ending early.*
And while the fees are annoying, ebay could charge 3 cents total for every item and people would STILL be bitching and looking for ways around the fee. There are some constants in this world, and people looking for ways to avoid any type of fee, no matter how small, is one of them
* Yes, the math is different when you're dealing with really cheap items like a $5 used cd, but no one asks for those items to be closed early
MAYBE the seller has not sold the LP yet.nightsblood wrote:glokcose- that probably will start to play a role in ebay tactics. However, the smart way to do it will be to leave the item up for as long as possible, see what the bids are like, see what offers you get, then close the auction shortly before it ends and sell it to the best offer/highest bidder. That way you maximize the 'advertising time' through ebay, but the item won't count as being sold via ebay. In the Savage Grace case, the guy closed the auction in less than 2 days, and he didn't even bother to get an offer from people (me) who contacted him right away and said, "I'll make you an offer if you're interested in closing it early". That seems like a really bad way to sell things if you want to get the most money possible for them. Of course, you and I have previously discussed how many people simply do not know how to sell things in a way that maximizes their profit
Bottom line is this- that seller will never know if he could have gotten more money for the record because he just took the first offer that came along.
From taking a look at his other auctions I would guess he either made a mistake 49.99 should have been 499.99, or like I stated before he desided to keep it, Also he could have said yes to the first offer and kept it up until he got paid.....nightsblood wrote:glokcose- that probably will start to play a role in ebay tactics. However, the smart way to do it will be to leave the item up for as long as possible, see what the bids are like, see what offers you get, then close the auction shortly before it ends and sell it to the best offer/highest bidder. That way you maximize the 'advertising time' through ebay, but the item won't count as being sold via ebay. In the Savage Grace case, the guy closed the auction in less than 2 days, and he didn't even bother to get an offer from people (me) who contacted him right away and said, "I'll make you an offer if you're interested in closing it early". That seems like a really bad way to sell things if you want to get the most money possible for them. Of course, you and I have previously discussed how many people simply do not know how to sell things in a way that maximizes their profit
Bottom line is this- that seller will never know if he could have gotten more money for the record because he just took the first offer that came along.