posted on March 11, 2001 08:40:44 AM
When you go to flea markets, garage sales etc. How can you purchase something for less and sell it for a large amount on ebay. That is difficult because how do you know the right buyer is there that week. I have seen people buy a piece of Jewelry for $150.00 and then resell it and get only $30.00. It all depends on the market the week you are selling. I listed an article and received no bids and I had it BIN. I relisted it someone started the bidding so the BIN went off and it received higher bids that the week before. This is a gamble we take on ebay. I feel sorry for the person who sold the sheet music but remember from nothing you received $40.00. You have to be happy for that. The price of the article is directly proportional to the right buyers on ebay.
posted on March 11, 2001 08:58:08 AM
I want to know which states are the ones that can prosecute for being an expert and offering a buyer too low an amount. I want to stay the heck OUT of those states, because 90% of my income comes from knowing more about certain items than other people do. Can someone cite states and reference a web site? I have heard of this before so I don't doubt it's true, but I want to see backup info. Thanks. Kim
posted on March 11, 2001 08:58:10 AM
WOW!! Did my eyes just get OPENED!
In almost three years I have just been a buyer....but since we are opening the antique store soon, I will be moving over into the selling side too.
Looks like the new seller ID needs to be set up....have bought WAY too much stuff in those infamous "box lots" and know there are some serious profits to be made!
SIDELIGHT: I grew up in a RL auction family and this is precisely why my parents had such a good reputation....they almost NEVER let a "box of junk" go across the block until it had been emptied and sorted thru! Far too many gold rings, old coins, and other valuable items turned up!
Never....NEVER....feel the first pang of guilt for making a "good buy" with an auction (internet OR real life!)...that is how the auction system is supposed to work!
Same Kawfee-n-Junque as on eBay...I aint afraid of who I am!
posted on March 11, 2001 09:11:47 AM
I may be going through a similar thing too. I sold sterling silver spoons on ebay. I forgot to say 'silver' in the descript, only said 'sterling'. Well, similar spoons go for over $80. Mine sold for alittle over $20. I screwed up. Maybe the buyer will resell and make a big profit or maybe it is for her collection as she states. Either way, I goofed up, my fault, I accept the loss.
posted on March 11, 2001 09:17:42 AM
Musicman. I do not know your ISP but mine is AOL. AOL gives me space for seven screen names. One of these names I use strictly as a buyer. I regestered this name on eBay and only use it for buying.
My regular name of grumteach I use for selling or buying for my own collection. In this way, even when someone gets down to getting the email address on me they get a different one if I am buying than they get when I am selling. Unless of course I bought something for my own collection, which would not be sold again, anyway. At least not by me.
I enjoyed the story about the people who sold their grandmother's "junk" when she died. That will be me
posted on March 11, 2001 09:18:18 AM
That little old lady needs a reality check. Geez, some people have such an overwhelming sense of entitlement.
Knowledge is power, and money in some cases. If she has the time to browse through the mega-listings of jewelry on eBay -- or keep tabs on her former customers -- then it would seem she could trouble herself to invest in a few jewelry reference books, join an informational e-mail exchange such as JewelCollect, learn to use her camera properly, learn to market her items most effectively.
I buy and resell items on eBay all the time but so far have not received any snarky e-mails about it.
posted on March 11, 2001 11:23:14 AMbrigid868, I think all states have this law but it only comes into play if an expert in the field is buying something and knows that he is buying from someone who has no idea of the worth of the item. The law is very narrow here. I think the expert also has to be in the business and has to resell the item. Even if the expert knows it's worth a lot more than s/he paid for it, if it is kept for personal use or given as a gift you'd be out of luck trying to get them to pay more.
Not applicable to ebay because of the auction format unless maybe the item was listed with a high reserve or BIN that reflected it's actual worth and the seller had a resale license, special training, etc. No way would it apply to your buying something on ebay and reselling it for a higher price.
posted on March 11, 2001 11:31:54 AM
Just returned from Market this morning didn't realize it would be such a hopping post.
Before I left I created a second account to do my buying on. This could also be good to sell the nonjewelry items I get every once in a while.
When I reponded to the lady I wasn't trying to rub it in, I honestly thought she was joking about wanting money back.
Time to start listing the items I bought at market. Anyone know anything about Little Luxart Library Red Books? Have a good buying/selling week
Joe B
[ edited by jrb3 on Mar 11, 2001 11:33 AM ]
