hey sean and all,
and on the flip side of this argument...
what is the thought of these handful of sellers that list posters for
a quarter of a million dollars or more? these same listings appear
over and over, as tho the seller were waving a sign that says, "see
what i have." they are never bid on or bought outright. i am always
amused to see these pop up.
i guess it is a way to "show off" as no one, in general, is going to
pay these kinds of prices.
jeff
On Jun 27, 2008, at 6:58 AM, Sean Linkenback wrote:
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.
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