Ebay, like any "auction" - ebay really isn't an auction, in my opinion
- or ebay Buy It Now simply reflects how a certain set of potential
buyers - those that actually
see the listing - react to your offer. Some people think that because
they bought
a poster on ebay for, say, $750, that $750 is the value of that poster,
which is nonsense, of course. Some buyers are very ebay-centric.
Ebay certainly is a major player in the movie poster market, but the
world is bigger than ebay. I've been able to make a very fine living
and rarely selling on ebay.
Now... to your dilemma. You have a bid of $10.00. It is patently
unfair to your bidder(s) to take that auction down. In fact, you don't
even know what has been bid.
If you had no bids at all, that would be a different story. I would
then say you could do whatever you liked. If no one has committed,
then I would say you don't have to.
Kirby McDaniel
www.movieart.net
On Jun 12, 2005, at 5:10 PM, channinglylethomson wrote:
AKA: WHAT WOULD CHARLIE CHAN DO?
I'm wondering what others' thoughts are on a situation I'm in. I've run
a one-sheet for CHARLIE CHAN IN DOCKS OF NEW ORLEANS on EBAY the last 2
weeks. First off, I ran it as a featured item with a price starting
around $250. It didn't sell. Then, I ran it as a regular listing with a
starting price of $175. and a Buy It Now of $195. It still didn't sell.
Feeling frustrated and as if I had wildly miscalculated the value of
the poster, I decided to go for broke and start it out at $.99. (that
is, under a dollar). So far the poster is at about $10. which seems
laughable but who knows what this thing is really worth (maybe it
really is an unimportant title in the Charlie Chan canon). In the
meanwhile, a buyer has e-mailed me and said he meant to get in touch
with me a few weeks back after the featured auction and if I pulled it,
he would send me an immediate payment of $130. My thought on this is
that the corrrect thing to do is to just let the auction run its course
and advise him to bid accordingly. What do people here think?
Here's the link:
http://cgi.ebay.com/ws/eBayISAPI.dll?
ViewItem&category=2321&item=7522426572
Thanks, Channing Thomson in San Francisco
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