pointy
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posted on February 23, 2004 04:13:47 PM new
I know this is a subject that we've discussed before. I'm against it 99.9% of the time. But I've had an interesting situation come up. I listed a widget that I literally found at the bottom of a bag of junk. I know a little bit about the field and thought it was worth $50. I start the auction and within 12 hours someone offers $500 if I end the auction. Someone else contacts me and while they're not interested in buying, says it should bring $1000-2000. I show the item today to a friend who's VERY knowledgable in the field and he says it's worth 200-300, but it's the type of rarity that could bring 1000+ if the right people happen to be looking this week. Could bring 150 if they're not looking. So, what would you do? Should I gamble, or end the auction?
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glassgrl
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posted on February 23, 2004 04:17:20 PM new
don't keep us hanging! tell us what it is!
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dadofstickboy
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posted on February 23, 2004 04:17:47 PM new
If there are no bids add a reserve or a BIN.
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tomwiii
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posted on February 23, 2004 04:23:07 PM new
As the nifty tattoo on Ralphie's cute little doggy butt says: "Take the money and RUN!"
CNBC: "Unless the economy adds at least 2.3 million jobs by the end of the year, Bush will go down as the first president since Hoover to preside over a four-year term in which total employment fell."
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pointy
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posted on February 23, 2004 04:36:21 PM new
I happen to have set a reserve on this one....usually don't do reserves. It was $50. The bidding stands at $60 right now after 3 days.
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glassgrl
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posted on February 23, 2004 04:39:59 PM new
not gonna share huh?
I'm in agreement will Ralphie. I'm not usually.
But $500 is $500! that's a lot of FVF's!!
I'm assuming the buyer has good FB?
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dadofstickboy
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posted on February 23, 2004 04:41:20 PM new
You could cancel bids and redo.
Or you could cancel auction and redo.
I would tell the person to bid 500.00.
You'll have to decide this one on your gut feeling.
I don't like selling off Ebay unless it's out of store.
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pointy
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posted on February 23, 2004 04:47:29 PM new
I told the person to bid 500. He gave me the old bs about not being around when the auction ends. Told him I didn't have a problem with that. Told him to place a proxy bid and if he won I'd wait till he returns. Probably bs...he's a dealer in the field. Hit the right buttons though. Told me about how he's made offers like this in the past, and when the auction ends at a lower price, he won't pay 500. He won't bid. He has great feedback with lots of sales and lots of bids.
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neglus
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posted on February 23, 2004 04:48:23 PM new
You could cancel bids and the auction, Relist with FP and send the person who wants to pay $500 the link to the new listing..stay eBay kosher!
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machuff
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posted on February 24, 2004 08:29:07 AM new
I have listed several auctions where buyers have offered me a certain price and asked me to end the auction early (I sell collectibles). I tell them it is against my policy to end my auctions early and I have always ended up getting more for the items than I have been offered. Someone offered me $50 for a beer can and I ended up getting close to $500. Another offered me $1200 for a doll and I got $1900. At least for me, it's paid to "let it ride."
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stopwhining
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posted on February 24, 2004 10:26:35 AM new
it is all up to you and your sidekick 'GREED'.
if it costs you nothing,i would say let it run its full course.
-sig file -------the lobster in the boiling pot of water who tries to prevent the others from climbing out.
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auctionACE
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posted on February 24, 2004 10:55:48 AM new
When the bidder offered $500 I suppose he meant an off ebay deal. I must be in the minority but I'd jump on that in a heartbeat. The bidder is taking all the risk.
-------------- sig file ----------- *There is no conclusive evidence that life is serious*
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pointy
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posted on March 1, 2004 07:51:37 PM new
Update......I decided in the end to take my chances and play the game the right way. No ending auctions early. No off-Ebay deals. After 9 1/2 days the bidding stood at $70 with the $500 offer still there. I let the auction run it's course and it sold for $570. Moral of the story....never...never....ever....end an auction early.
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glassgrl
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posted on March 1, 2004 07:57:19 PM new
thanks for sharing the ending with us!
But WHEW! I'll bet you were sweating that one out!
Are you up to sharing with us what it was?
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jackswebb
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posted on March 1, 2004 08:30:17 PM new
For pointy, NO!!!!! He might find another one and who,,,,,,,,,,needs the competition? Gettin' tougher everyday.
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mcjane
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posted on March 1, 2004 08:30:45 PM new
pointy
I can't stand the suspense, what was it.
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sanmar
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posted on March 1, 2004 08:31:54 PM new
If the $500.00 is legit, then I would end the auction & take the cash. Helz what did you expect to get from this??
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glassgrl
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posted on March 1, 2004 08:34:11 PM new
Sanmar!!!
Could I reccomend a little Two Buck Chuck for you?
Got any chipped plates that you want to get rid of? Go hurl them against a wall somewhere and get your aggression out!
I'm shocked! I've never heard you cuss before!
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Roadsmith
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posted on March 1, 2004 10:02:03 PM new
Yes, Sanmar. What Has Gotten Into You? Are you channeling a rapper?
___________________________________
Give a person a fish and you feed him for a day; teach that person to use
the Internet and he
won't bother you for weeks.
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sparkz
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posted on March 1, 2004 10:16:41 PM new
Pointy's going to take the extra 70 bucks he got on that auction and buy 2 buck chuck for the shindig we're having at Sanmar's house this Saturday
The light at the end of the tunnel will turn out to be an oncoming train.
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Damariscotta
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posted on March 2, 2004 03:16:43 AM new
I had one of these last week - by the time I read his email there were eight bidders that had left his offer in the dust. And as usual, I noticed this person is not one of the bidders.
[ edited by Damariscotta on Mar 2, 2004 04:27 AM ]
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stonecold613
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posted on March 3, 2004 09:40:00 PM new
I would simply say, money talks. You get me the $500.00 and I will end the auction. Not a second sooner.
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