I have to agree Claude, Far too often we see pieces listed at the "I'm really just trolling for a sucker" price, only to see it reduced by up to half or even more in the ensuing months.
Many times I feel that these listings take what could have been a strong seller and taint it to the point where people lose interest even when the price turns into a bargain. There are many dealers who when they list something I would be interested in, I know I don't have to bid the first time around as I can wait for one of the eventual reductions that will be shortly forthcoming. I have nothing against aggressive asking prices per-se, but it certainly helps feed the flea-market mentality of eBay when you see these prices slashed weekly. If you are going to price your piece at top retail (or above), then don't panic if a buyer can't be found in seven days and start slashing prices - have the courage to stand by your pricing. Or just start it low, have it actually be an auction (don't you love "no reserve" auctions that start at double FMV?), and like Claude said, let it play out. For me, I use this rule of thumb when pricing - would I (or the seller) buy the same poster at half the asking price? If the answer isn't a resounding "heck yeah", then it's probably too high because why wouldn't you want to buy great material at half retail? I can usually only dream of being able to purchase for such bargain percentages and am always happy to work on wafer-thin margins for quality pieces. (This ought to satisfy my David K. quota of combativeness and contrarian views for the day). Sean _____ From: MoPo List [mailto:[EMAIL PROTECTED] On Behalf Of Claude Litton Sent: Friday, June 27, 2008 8:54 AM To: [email protected] Subject: Re: [MOPO] FS~ REDUCED AND READY...I never understand such strategy To all Mopo members----------- How often we see items for sale on ebay at high prices and we just ignore them. I find it rare that a person who lists items high actually obtains a sale. Then we are besieged with "Reduced and Ready", Reduced for quick sale", etc. My immediate reaction is to ignore these listings because most likely they will be reduced again and again. I cannot understand the seller's thinking at all. If you are willing to accept the reduced price, why not start it there and let the auction play out? These items just appear over and over again and the posters end up on the dead pile as their listings have become so redundant that people ignore them. What is your opinion? Claude Litton _____ Gas prices getting you down? Search AOL Autos for fuel-efficient used cars <http://autos.aol.com/used?ncid=aolaut00050000000007> . Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
