I agree with Claude. In fact, I also agree with every single thing
he said about sniping and auctions with extended endings. I think
I'll just keep casually quiet and maybe let Claude do all my talking
for me. I know that's usually a privilege that comes with a cost but
on Mopo, things are different. If he says something I disagree with,
I'll chime in, otherwise, I'm with his thinking on everything, it
seems. Everything except sleazy, exploitation posters, I'm
guessing. But who knows? Maybe the whole Chan thing has become
tiresome now that the quest has faded.
It's certainly nice to have somebody frame your thoughts so well for
you! This method of looking at former auctions has confused a few
sellers who I was dealing with when I brought it up. You have to
look three bidders back and that's key to understanding price and
desirability. Condition variables are a given, of course.
All the best,
Michael
On 29-Feb-08, at 6:58 AM, Claude Litton wrote:
Stating prior sales to me is a waste of time on the part of the
seller and actually a partial turn-off. The seller is trying to
make people think that it is worth that much when in reality he is
deluding himself. There is one seller on ebay who does this on a
regular basis and the reference is to a price far in the past which
has little value to reality.
What most people fail to realize is that the person who bid the
highest in the past auction NOW owns the poster and therefore will
not be bidding. If two bidders were engaging in a battle in the
last auction the loser now most likely will get a bargain as the
next highest bidder is far down the ladder.
For example: Last week "Dancing in Manhattan" sold for $109.50.
There were 23 bids and the loser bid $107. The next highest bidder
bid $30.99. It is possible the 30.99 bidder will go higher but not
near the top unless the next poster is in a much better condition.
This is why stating what they sold for is worthless information.
Most will check on past auctions anyway to find out for
themselves. In addition, what about condition? Two are rarely
alike.
Claude Litton
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