One more important thing about past "results" is that you rarely know for
certain that the transaction was ever completed, and if so, if it was
completed at the stated price. Lots of eBay auctions "fall through" and lots
more are re-negotiated (or the item is returned).
In my online sales results database, EVERY single price from the past 7
years is exactly the price that was paid in cash, but of course everyone
knows I sometimes get higher prices for some items, so it is not clear those
prices are good indicators of what others can sell them for.
Bruce
On Fri, Feb 29, 2008 at 6:22 AM, Michael Greenwood <[EMAIL PROTECTED]>
wrote:
> 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
>
>
> Visit the MoPo Mailing List Web Site at www.filmfan.com
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