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Home > Archive > Architecture > June 2007 > Auction Mentality
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| I've heard of that term, but don't really know what it means or how it
works, but it must apparently work.
Back in the 80's I bought 100 items that I thought at the time might be
worth some money in the future.
They were all the same, and cheap, and since then they have stopped being
manufactured, just as I predicted.
You can find these items on the web but they are sort of rare and generally
cannot be found in new condition.
The current value on these items is about $30 each.
All of the items are the same and I gave all of them, except 2, to my
brother 2 months ago to sell on ebay.
His family is going through a difficult period so I thought I'd help him out
a little.
Anyway, he has been running 1 auction per week for the past 2 months.
He starts the bid at $1 with no reserve on a 7 day auction.
(I'm assuming all of you know how ebay works)
Last week the auction high bid was $44 and the 2nd bidder was $43 and the
3rd was $39.
So my brother sent bidders 2 and 3 2nd Chance options to purchase the items
for their high bid.
Neither of them took that opportunity.
Well, this week his auction high bid was $107, the 2nd bidder was $105 and
the 3rd was $95.
Again, he sent 2nd chance options to bidders 2 and 3 and both of them
accepted the options and paid with paypal immediately.
Now here's the part that I don't understand.
Bidder 3 in this weeks auction, who paid $95 for the item, was also last
weeks auctions 2nd bidder at $43.
In simpler terms, last week he wouldn't pay $43 for the item but this week
he immediately paid $95 for the exact same item!
How can this make sense?
I've been dealing with ebay off and on since 1998 and I have seen variations
on this same theme over and over and I just don't get it.
Do you?
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| RicodJour 2007-06-15, 1:25 pm |
| On Jun 15, 10:58 am, "Don" <one-if-by-l...@concord.com> wrote:
> I've heard of that term, but don't really know what it means or how it
> works, but it must apparently work.
>
> Back in the 80's I bought 100 items that I thought at the time might be
> worth some money in the future.
> They were all the same, and cheap, and since then they have stopped being
> manufactured, just as I predicted.
> You can find these items on the web but they are sort of rare and generally
> cannot be found in new condition.
> The current value on these items is about $30 each.
>
> All of the items are the same and I gave all of them, except 2, to my
> brother 2 months ago to sell on ebay.
> His family is going through a difficult period so I thought I'd help him out
> a little.
>
> Anyway, he has been running 1 auction per week for the past 2 months.
> He starts the bid at $1 with no reserve on a 7 day auction.
> (I'm assuming all of you know how ebay works)
>
> Last week the auction high bid was $44 and the 2nd bidder was $43 and the
> 3rd was $39.
> So my brother sent bidders 2 and 3 2nd Chance options to purchase the items
> for their high bid.
> Neither of them took that opportunity.
>
> Well, this week his auction high bid was $107, the 2nd bidder was $105 and
> the 3rd was $95.
> Again, he sent 2nd chance options to bidders 2 and 3 and both of them
> accepted the options and paid with paypal immediately.
>
> Now here's the part that I don't understand.
> Bidder 3 in this weeks auction, who paid $95 for the item, was also last
> weeks auctions 2nd bidder at $43.
>
> In simpler terms, last week he wouldn't pay $43 for the item but this week
> he immediately paid $95 for the exact same item!
> How can this make sense?
>
> I've been dealing with ebay off and on since 1998 and I have seen variations
> on this same theme over and over and I just don't get it.
> Do you?
Get over it? Yes.  ~
Maybe the second chance offer spooked a newbie bidder? There are
warnings about being wary of scamming second chance offers - maybe the
bidder couldn't tell the difference between the original seller and a
potential scammer.
Nice thing for you to do for you bro, bro.
R
| |
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| "RicodJour"> wrote
> Nice thing for you to do for you bro, bro.
Well its helping me out too, I'm streamlining things, getting rid of stuff
thats just sitting around.
Less is more, and all that. ;-)
| |
|
| hey Don, can you tell us what the item is? what's your bro's ebay handle?
maybe we want it.
"Don" <one-if-by-land@concord.com> wrote in message
news:f4u9j501kst@news5.newsguy.com...
> I've heard of that term, but don't really know what it means or how it
> works, but it must apparently work.
>
> Back in the 80's I bought 100 items that I thought at the time might be
> worth some money in the future.
> They were all the same, and cheap, and since then they have stopped being
> manufactured, just as I predicted.
> You can find these items on the web but they are sort of rare and
> generally cannot be found in new condition.
> The current value on these items is about $30 each.
>
> All of the items are the same and I gave all of them, except 2, to my
> brother 2 months ago to sell on ebay.
> His family is going through a difficult period so I thought I'd help him
> out a little.
>
> Anyway, he has been running 1 auction per week for the past 2 months.
> He starts the bid at $1 with no reserve on a 7 day auction.
> (I'm assuming all of you know how ebay works)
>
> Last week the auction high bid was $44 and the 2nd bidder was $43 and the
> 3rd was $39.
> So my brother sent bidders 2 and 3 2nd Chance options to purchase the
> items for their high bid.
> Neither of them took that opportunity.
>
> Well, this week his auction high bid was $107, the 2nd bidder was $105 and
> the 3rd was $95.
> Again, he sent 2nd chance options to bidders 2 and 3 and both of them
> accepted the options and paid with paypal immediately.
>
> Now here's the part that I don't understand.
> Bidder 3 in this weeks auction, who paid $95 for the item, was also last
> weeks auctions 2nd bidder at $43.
>
> In simpler terms, last week he wouldn't pay $43 for the item but this week
> he immediately paid $95 for the exact same item!
> How can this make sense?
>
> I've been dealing with ebay off and on since 1998 and I have seen
> variations on this same theme over and over and I just don't get it.
> Do you?
>
>
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|
| Hey JD,
Actually, it wasn't that long ago, I think I bought them in 1992.
Superman #75 comic books.
*The Death of Superman*
They've been boarded and bagged in Wizard archival bags and stored in a
Wizard box since the day they were born.
I have multiples of the whole series, including all the cards with chasers,
binders, the whole shooting works, all archived.
Was never a huge fan of the DC stuff, cept the *straight* Superman series,
and leaned more towards Marvel, and of course the independents of the day,
Image, Valiant, Dark Horse, etc.
I have prolly 5,000 comics and 10k cards.
My son has 4 times as many....we were addicted to the stuff for a few years
and spent waaay more than we prolly should have. lol
"JD" <laughingarchitectNOSPAM@sbcglobal.net> wrote in message
news:XPldi.363$Rw1.338@newssvr25.news.prodigy.net...
> hey Don, can you tell us what the item is? what's your bro's ebay handle?
> maybe we want it.
>
> "Don" <one-if-by-land@concord.com> wrote in message
> news:f4u9j501kst@news5.newsguy.com...
>
>
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