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Old 05-12-2016, 10:46 AM
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Paul S
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Join Date: Oct 2011
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It's too bad, in my opinion, because eBay used to be great for setting a market price. I used to sell restored 1940s telephones (called Lucy phones, because one was used prominently in "I Love Lucy") on eBay. I'd always list them at .99 cents and see where the market took them. Some weeks they'd sell for $120, sometimes for $150, sometimes for $100. But I was always confident that the market would determine a relatively fair price. I actually wrote eBay a long letter urging them to encourage more of what I termed "eBay market pricing" by giving extra discounts for anyone listing an item at auction for .99 cents or less. Instead, they went the other direction, and encouraged people to list lots of items for set prices. I would now be hesitant to just list an item for .99 cents.
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