Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

[jake33]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

Correct, but in that scenario it sounds like someone getting the EXACT same margin loss on 10 items all at the same time? The odds of that are pretty slim. I know I never have listed even 5 items all at once with the exact same value. In game used, every item is a one of a kind.

And if those identical offers came from 10 different people, wouldn't that be a fair amount of evidence of providing more true market value for those items?

[jake33]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

Furthermore, why would you list 10 of the exact same item at once and flood the market on yourself?

[jake33]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

Again, yes sellers can do what they want.

Whether you sell items as a hobby or as your profession, sales is a black and white industry in terms of these points

1) Did it sell?
2) Did the buyer pay?
3) Did you lose or make money?

It isn't well maybe this and maybe that. It is just yes or no. It isn't like saying, "Oh she is sort of pregnant."

The original point of the thread though is the negative flip of these strategies. Offering more for an item,, getting that declined, then the seller sells it for less than what the offer was initially.

[Mark17]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

Furthermore, why would you list 10 of the exact same item at once and flood the market on yourself?

It was an example. I could've made the price points all different to be more realistic (and also more complicated.)

Here's my current real-life situation. A friend is helping me offer about 100 1960s bats for sale. Some are in the 100 range, some 200, several much more, and so on. I've come up with a number I'm looking for, for the entire bunch.

I know that since the last bats I sell will bring less than I want (by definition, the last ones I sell are the ones with the least interest,) the first bats that get offers need to sell for something above my original estimate.

Think of it this way. Say you go to a dog breeder, who tells you they have a litter of 8 pups and need to get $4000 total to cover all expenses and stay in business. That averages out to $500 each. Now, if you want pick of the litter, it will cost more than $500, but if you tell the breeder you'll take the last one left, you'll probably get it for less than $500.

The breeder probably has no idea which pup will be sold first, since markings on dogs, and personality, is subjective. But the breeder knows, there is value in someone having first pick vs. 8th pick.

Same general concept when selling several memorabilia items. The ones you sell first are, by definition, the ones with most demand, and the ones that linger in inventory will eventually be sold for less.

For all the examples in this thread of sellers settling for less than they wanted, there are also many times when sellers get their asking prices almost immediately, and end up wondering if maybe they sold too cheaply.

[jake33]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

I assume the 100+ 1960's bats vary in use and vary in which player(s) used them, so those all do not have equal value across the board.

Also, with dog breeding, I bought dog before from a breed for about 50% value because the dog was born with a hip issue. So that too, not every single item or product is 100% equal

[Mark17]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

I'm not saying all items have to be equal.....................

My point is that it makes sense to ask a higher price for items you're selling at first, and then lower the price as time goes by. So an item you wouldn't sell for $250 today, you might sell for $200 6 months from now.

That's the best I can explain what I'm trying to say...

[commando]

Re: Ever make and Offer on somethign that gets denied, then it sells for less than the offer?

Makes perfect sense to me, Mark 17.

Let's say you're having a garage sale, and someone arrives when you first open in the morning. They pick out all of the nicer items you have and ask to get a huge discount. Would you do that? I guess you could, but there's a great chance you'll sell most of those items for a higher price when others put eyes on them as the morning wears on.

You may guess wrong on a few items, and still be holding them at the end of the day. Blow 'em out or hold them till the next sale. But overall, if you know what you're doing and have confidence in what your items are worth in the secondary market, you'll come out ahead if you don't fire-sale everything.