posted on July 12, 2002 10:50:59 AM
I've been watching a Japanese laser disc of a Godzilla film for about a week and put in the opening bid. Don't laugh--normally these items sell for pretty high prices, despite the "outdated" technology. Last night-on the last night of the auction, I put in a proxy high bid of $25 and figured, what the heck--I'll probably lose it in a last-minute bidding war and it'll climb up to $50 or $60.
This morning I found that I had WON the item--at my low proxy bid of $18!! Holy Cats!
But I was just thinking...Do you think bidders have been distracted by the stock market tanking and just don't want to bid on frivelous or 'collector' stuff?
posted on July 12, 2002 11:56:53 AM
Well, I sold a Silver Surfer(Comic Book Character) Statue (From Bowen Studios) Today for $420, that I bought Last friday (Yep LAST Friday) for $45, I almost DID NOT Buy it, Plus I could have gotten Nine More (I passed). It had 39 Bids from about 25 different eBayers. So I guess ...it depends.
posted on July 12, 2002 04:48:36 PM
There will be more volatility in prices due to the market, so hold onto it and sell it when things pick up.
I sell collectibles and I have always had to search the completed auctions to watch the up and down cycles.
I've bought some items on ebay on the down cycles and resold them on the up cycle. For example, I bought a Charlie Angels doll for $3.00, I was the only bid. Resold it six months later for $24.
