Subject:
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Re: Ingenous eBay advertising posts
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 25 Feb 2000 02:23:21 GMT
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Viewed:
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546 times
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In lugnet.market.theory, Kevin Wilson writes:
> I wonder if I am the only one who rolls my eyes when I read eBay
> advertising posts which read something like "price still only $x... or
> 40% of retail cost... and 3 days to go". Some people even sound really
> *worried* about it.
>
> This is really silly - anyone who has bid on even a single auction on
> eBay, or sold anything, knows that the final value of the lot goes up by
> leaps and bounds in the last day, even the last hours, and the price 3
> days before the auction ends has absolutely nothing to do with what it
> finally goes for.
>
> Kevin
Man I thought I was the only one that thought some of those posts were
ridiculous. I don't even bid often on E-Bay but I check it enough to know that
what the bid value is at 3 days before in no way reflects what the final bid is
going to be.
I especially like the ones that get posted right after they get posted to E-Bay
and say things like "No Bids Yet" or "Still only a $1.00 for 77 Minifig's"
Then you look and the aution close is still 6 days and 23.5 hours away.
I guess it just comes down to trying to maximize your profit but I find it
silly just because I doubt many people fall for such tactics. I am actually
considering a couple of trial auctions of my own. (I have never put anything
on auction but I am now collecting a bunch of parts I don't need or I have more
than I need so I thought I might try an auction). In my case though any $ for
what I put up will be positive just because if they are parts I don't need or
want anyway why worry how much I get. Whatever I do get will just go to LEGO I
can use anyway.
Eric Kingsley
The New England LEGO Users Group
http://www.nelug.org/
View My Creations at:
http://www.nelug.org/members/kingsley/
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Message has 1 Reply:
 | | Disingenuous eBay advertising posts
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| (...) That's true to a point. I think you can make general predictions that are pretty safe; if an auction has no bids for four days, it's not likely to shoot into the stratosphere. Also, if it has no bids or few bids in that four days, the right (...) (25 years ago, 25-Feb-00, to lugnet.market.theory)
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Message is in Reply To:
| | Ingenous eBay advertising posts
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| I wonder if I am the only one who rolls my eyes when I read eBay advertising posts which read something like "price still only $x... or 40% of retail cost... and 3 days to go". Some people even sound really *worried* about it. This is really silly - (...) (25 years ago, 25-Feb-00, to lugnet.market.theory)
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