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12-11-2014, 12:37 PM #1
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Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
Just curious if this has happened to others on here. This kind of plays on my perception that many sellers over price items on ebay. As of December 2014, I am seeing 3 items on ebay that I made offers on earlier in 2014 (at least 6 months prior) and all went for LESS (or still did not sell at all without a bids).
At the time of my offers, the sellers all acted shocked or insulted about my offers and they tried to inform me how blatantly wrong I was about the value of the item. I am not posting this to be like "haha told you so" but moreso that I have a hard time with a lot of sellers value on items and trying to mark up to mark down.
Does anyone have any stories of that happening to them?
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Honestly as a collector in game used, I RARELY even make my money back. Back in 2011 when I bought all those locker plates and resold them, I usually had the thought process that I wanted to get rid of them and dump them at reasonable costs.
I did not make fortune off them at all, but amazed to see how many of those buyers put them on ebay with $30 OBO and I am sure they made money and that is great for them but I always am surprised how long some people will wait to turn merchandise, sometimes it takes the better part of a year until prospective buyers realize that they cannot get that same item anywhere else and they give in. It just surprises me that someone will hold on to something for a long period of time for the sole purpose of reselling it and making like $20. Are you telling me there wasn't something else that person couldn't have done in that same period of time to make a $20, but it si their right to do that, just seems silly to me.
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12-12-2014, 12:31 AM #2
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
I have had this experience both work in my favor and proven myself to be more aware of resale vs. retail pricing.
I collect a very specific group of players and teams and I'm now celebrating my 10th anniversary as a full time collector. In that time, I've researched how much my players/teams sell for in the primary market (Like MeiGray) and how much they sell at Auction (Like Classic and Gwa.net) verses forums, craigslist type sites and eBay.
I've made fair offers on items in all of these situations and have been turned down for two specific items which are still listed on their respective sites 2-3 years later with no relenting in price point. (In fact one was listed and won a couple of times. Either shill bidding or canceled before it expired because it was way lower than what the seller believes it's worth. I guess the free market and I are wrong....)
On occasion, a seller has sold me an item for less than he wanted but more than I could resell for.
My favorite though, I made an offer on an item BIN eBay. The seller scoffed and assured me it would sell much higher than my paltry offer. I placed a bid for 75% of my Best Offer. And I won it.
We all hate hearing our stuff doesn't hold the resale value we thought it did and that everything from the common era doesn't command anywhere near what we initially buy it for. I also know eBay has become full of cocky buyers who seem to lowball and manipulate the now completely unfair and biased feedback system thereby making honest buyers who provide rational BIN offers seem like just another person trying to pay pennies on the dollar. How many times has this very site provided sincere assistance to a seller on an auction site be it the big dealer owned sites or eBay, only to be told we are wrong and stupid because it affects their bottom line and honestly, their pride?
I'll admit I was a little smug about winning that auction for less than my BIN now but because I was knowledgeable about the item, did my homework and research and offered fair market value for it, it serves the seller right for overpricing and ignoring my research, all of which I provided to him for free. Yet another reason in this hobby to live by the Milt Byron mantra: "Do your homework."
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12-12-2014, 08:37 AM #3
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- Dec 2008
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
I made an offer on a house to a guy and he told him how I insulted him and how his place was worth so much more than that and he would never sell it that cheap. well 6months later and after paying realtor fees, he neted 15k less than I offered.
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01-05-2015, 06:04 AM #4
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- Jan 2014
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
I have occasionally rejected offers and sold for less, but only when the offers have come when an auction is under way. I recently listed a half dozen SAM bobbleheads and a guy bought 2 BIN. He drove 3 hours to pick them up and tried to talk me into selling 2 more at a very good price. I would have taken the money, but there were several bids on each of them and I don't like to sell out from under people like that. Ultimately he won both at auction for less than he offered.
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01-05-2015, 07:16 AM #5
Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
Sadly, this happens all the time... A guy buys item X at full retail and later on dumps it on eBay hoping to make profit or at least break even and the reality sets in. It aint worth what he has into it. Retail and secondary markets vary vastly most of the time.
I see the same items re-listed time after time because the seller and the reality seem to be too far apart but the seller keeps the hope alive that they will catch the idiot that was born at night and doesn't know any better!
I have personally noticed two types on eBay, the collector or one off seller that thinks they own the Holy Grail and the investor that "knows" the market yet is unable to move the item(s). I personally hate the latter.
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01-19-2015, 09:46 AM #6
Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
Ronnie,
You seem to take my comments very personally! Do you feel that it hits too close to home?
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01-19-2015, 01:26 PM #7
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02-09-2015, 05:37 PM #8
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- Feb 2011
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
Yeah, guy had a Jets jersey on ebay for 400. I asked him what his best offer was he said shoot him an offer I said I wouldn't go more thank 200, he said no its worth more. He relisted a few times then just had a regular auction that I won it at 173.00. worked out better for me
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02-13-2015, 01:33 PM #9
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- May 2006
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
This thread is simply Economics 101.
Seller has an item they paid $200 for. They want to sell it for $300 if they can, so they list it at that price. Somebody sees it and right away offers $200, but the seller, at this point, wants to see if he can make a profit so he declines.
After a couple months and no interest at $300, the seller tries $250. Still no interest, so now he has learned that $250 is too high, and that just breaking even is a more realistic goal. So he offers it at $200.
After a few weeks of it still not selling, the original guy comes back and offers $180 and the seller agrees, figuring the constant listing fees were starting to add up, and he gave it his best shot at higher prices, but in all that time, just this one guy was showing interest. So he takes a $20 hit to get 90% of his money back and have the whole thing concluded.
This scenario, to me makes a lot of sense. I think the implication of the thread, though, is that the seller was an idiot for taking $180 when he could've had $200. What isn't factored in is the value of the possibility that he would've found a more eager buyer at a higher price.
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02-13-2015, 01:44 PM #10
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Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?
This statement "What isn't factored in is the value of the possibility"
is what causes everything to drag on and hope for some buyer to overpay.
Possibility is not reality though, just like "Potential."
I look at things not necessarily in the "right" way. However, I never really understand why someone who SERIOUSLY wants to sell something and is willing to hold on to it for an extra 6 months to a year over trying to get $50-$80 more for it.
Is waiting an extra 5-6 months to sell an item for $350 instead of $300 really that big of a deal? To me I would rather have the cash to reinvest in something else or to purchase something else for my own personal collection. Most likely, I would think there would be an opportunity that would come up in 5-6 months where actually having the money from that sale helps something else in their life or in business.