Subject:
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Re: part pricing theory and practice
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 30 Mar 2001 22:05:39 GMT
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Viewed:
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2474 times
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In lugnet.market.theory, Kevin Salm writes:
<snip>
> I fear that the pricing pattern seems to be just the opposite of my own. It
> appears to me that the majority of people listing parts today look at the sales
> history data and go for the average price or higher. This trend will push the
> averages higher as more and more of these items eventually get sold. A vicious
> cycle.?
Unless we had an aging mechanism, I doubt that there is much choice. I would
love to see a graph of the last 10 sales (price vs qty line graph) for each
item. That would give me a much better feel for trends. But keep in mind that
BrickBay sales seem to be rising at an increasing rate. When I first listed on
BB, there were about 250K items listed, now there are ~1-million. The site is
growing nicely. More recent volume is probably dampening earlier numbers which
had lower sell-thru.
> ^^^^^^^^^^
>
> Note: I also wonder where many of the maximum prices originated but theorize
> that those prices were realized in the very first days of Brickbay when supply
> was limited and the rush to buy caused buyers to pay {too} much.
There was also a period when the Price Guide had a problem with malfunctioning
compare operations. I think it had to do with mistyped data or some such issue.
I noticed oddities, but finally said something to Dan when I noticed the
following...
"Times Sold 4 Low $1.00 Average $0.94 High $0.75"
He looked into it and resolved the problem. Some of the high numbers *may* be
fallout from an old problem (long since fixed).
Ray
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Message has 1 Reply:
 | | Re: part pricing theory and practice
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| (...) Another Price Guide note: The average it shows is irrespective of the quantity sold. If part 1234 sells in quantity 100 at $1. and then sells again in quantity 1 at $0.02 The price guide will show Times sold 2 Low $0.02 Average $0.51 High (...) (26 years ago, 30-Mar-01, to lugnet.market.theory)
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Message is in Reply To:
| | Re: part pricing theory and practice
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| (...) ..{snip,snip}.. (...) For a seller on Brickbay, mechanisms exist that track all previous sales and provide pricing information. When listing a specific part of a particular color, data is available that shows how many times that element has (...) (26 years ago, 30-Mar-01, to lugnet.market.theory)
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