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Nerval
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Help understanding eBay
      #348829 - Mon May 21 2007 10:32 AM

Hi
I've bought a couple of Buy it Now things on ebay, but never got to grips with the bidding thing.
Then I was following this item [ link removed ] which was reported Sold last night for £103 (quite a low price ).
Bidders' identities are not disclosed, which I've not seen before.

Then today, searching for a similar item, I see the same seller has put the same item up for sale again an hour after the last auction closed. It's not a common item, so I wouldn't think he had two of them, and it looks like he didn't really sell it at all.

Can somebody who understands ebay tricks pse suggest what might be happening? Am I right in assuming that this is somebody to avoid?

Edited by Hello_There (Mon May 21 2007 10:40 AM)


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FilthyRaider
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Re: Help understanding eBay [Re: Nerval]
      #348845 - Mon May 21 2007 12:28 PM

Firstly, I think I posted the fact that eBay was hiding buyers identities when bids went over £100, a few months ago. It's actually to stop buyers being pestered by other sellers trying to flog their similar (and sometimes not so similar) wares. To be honest I used to get fed up with being bombarded with 'Although you were not the highest bidder on...........I have an identical item' emails. It was also a classic way for scammers to catch you out by sending phoney eBay Second Chance offers.

The second point is that what you have is an intelligent seller. He has an item that is not that easily found, so does he do what everyone else appears to do on eBay and set up several identical listings? No, he decides to sell them one at a time on an auction basis to get the best possible price - sound business decision to be frank, something I have never been averse to doing myself when I have an item in demand. Sounds like the seller is trying to make the best price he can, which is what demand and supply is all about, surely?

The only downside to this, is if you want the item, you have to join the bidding 'war' and hope for the best.

--------------------
I loved my grandmother very much.......and she fetched a good price on eBay.


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greystsModerator
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Re: Help understanding eBay [Re: FilthyRaider]
      #348918 - Mon May 21 2007 07:31 PM

I think Nerval is making the point that the seller appears to have more than one of these unusual items. Or did he really only have one that didn't sell first time round for the price he expected and therefore he got a mate to put a low bid in?

--------------------


Do you know that we're all in line for succession to the throne? Really?
Well, if forty-eight million, two hundred thousand, seven hundred and one people died I'd be Queen.


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FilthyRaider
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Re: Help understanding eBay [Re: greysts]
      #348949 - Mon May 21 2007 09:02 PM

Firstly, if the seller has done that then they stand to be a good £5 down in listing and Final Value Fees as a minimum, and relisting the item back into an area where it has not sold for the price they wanted does not seem to make any sense. They appear to have got a price they wanted (or they have had to take what they could get) and are getting on with the next one.

We have often have items for sale on eBay that would be classed as 'rare' and to put it bluntly we often have a fair old number (like the old buses you never get one for ages and then 10 come along at once), but we list them one at a time and you often get the situation where what sells for, say, £60 one week, sells for £30 or less then next. That's eBay.

We started on eBay when I sold a stamp collection. Part of that collection were sheets of what the Post Office call Smilers (basically sheets of stamps with a decorative border) and they had cost me about £6.50 a sheet only a couple of years before. I listed one and it sold for over £240. Before that had finished (and the bidding had got to about £80) I listed the different second sheet, basically to catch on with the interest the first was generating. I immediately had emails from collectors asking how I had ended up with two of the rarest Smiler Sheets the Royal Mail had issued in 2002 and were they fakes?

Er, no. It was a bit more simple. I bought one of each when they were issued, and how I wished I had bought a few more! I still speculate on a number of things and buy bulk lots when possible - how we all wish we had lived a little nearer Wembley this week, yet £10 a programme seemed laughable before kickoff, but were fetching £50+ on eBay on the day! The same goes for the Nintendo Wii.

Whereas there are undoubtedly rogue sellers on eBay who get friends to bid up on items, there are a larger percentage of honest sellers who are just making money the best way they can. The biggest problem with eBay introducing this anonymity for bidders once an item reaches £100+ is exactly what we are discussing here. You straight away assume that as the identities are hidden that something underhand is going on. Why?

If you could see the bidders identities would it make any difference? It's highly likely that the seller (who can actually see ALL the bidders) is not even aware that the bidders IDs are hidden - as a seller this feature does not show up when you view the listing and bidders list.

Jumping onto the fence, though, I would be interested to know what the item is, as the mods pulled the listing details before I read the thread!

Of course the other issue here could be what we get a awful lot - a winning buyer pulling out AFTER winning. We once had a listing that started at 99p...........and 10 days later ENDED at 99p with one bidder. Anyway, I invoiced the buyer and they emailed back to say, sorry, made a mistake! I had to cancel the sale to get my fee back and relisted. 10 days later - sold for over £20. Like I said, that's eBay.

--------------------
I loved my grandmother very much.......and she fetched a good price on eBay.

Edited by FilthyRaider (Mon May 21 2007 09:19 PM)


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