Bidding above the BIN

[ASF123]

How about this one?

Yesterday I saw a card offered on eBay with a BIN of $99.99. That was a good, but not jaw-dropping, price. I would have paid it, but as a Chicago resident, as of Jan. 1 I'm paying 10.25% tax on every. single. card. I buy, thanks to our politicians. So I offered $90 to offset that. Figured it would either get accepted or a counter at $95, and done deal. Or, of course, someone could pull the trigger on the BIN.

What I did not expect was to see an email that the card had sold at $87. I contacted the seller to ask if he got my (higher) offer. Yeah, he said - but the other guy offered first, and they were close enough, so I just sold it to him.

Fair enough, I responded, but I hope you can understand how that's frustrating from a buyer's perspective. He said he understood that it wasn't logical, but essentially that's what I get for not taking the BIN. "You left it in the judge's hands."

OK, but so did the other guy, and you rewarded him for making the lower offer??

[bobbyw8469]

Originally Posted by ASF123

How about this one?

Yesterday I saw a card offered on eBay with a BIN of $99.99. That was a good, but not jaw-dropping, price. I would have paid it, but as a Chicago resident, as of Jan. 1 I'm paying 10.25% tax on every. single. card. I buy, thanks to our politicians. So I offered $90 to offset that. Figured it would either get accepted or a counter at $95, and done deal. Or, of course, someone could pull the trigger on the BIN.

What I did not expect was to see an email that the card had sold at $87. I contacted the seller to ask if he got my (higher) offer. Yeah, he said - but the other guy offered first, and they were close enough, so I just sold it to him.

Fair enough, I responded, but I hope you can understand how that's frustrating from a buyer's perspective. He said he understood that it wasn't logical, but essentially that's what I get for not taking the BIN. "You left it in the judge's hands."

OK, but so did the other guy, and you rewarded him for making the lower offer??

That's odd....did it show as being sold on Ebay for the $87?? Or was he just telling you that??

[ASF123]

Originally Posted by bobbyw8469

That's odd....did it show as being sold on Ebay for the $87?? Or was he just telling you that??

The price was in the email alert I received saying that it was no longer available (it was on my watch list).

[bnorth]

Originally Posted by ASF123

How about this one?

Yesterday I saw a card offered on eBay with a BIN of $99.99. That was a good, but not jaw-dropping, price. I would have paid it, but as a Chicago resident, as of Jan. 1 I'm paying 10.25% tax on every. single. card. I buy, thanks to our politicians. So I offered $90 to offset that. Figured it would either get accepted or a counter at $95, and done deal. Or, of course, someone could pull the trigger on the BIN.

What I did not expect was to see an email that the card had sold at $87. I contacted the seller to ask if he got my (higher) offer. Yeah, he said - but the other guy offered first, and they were close enough, so I just sold it to him.

Fair enough, I responded, but I hope you can understand how that's frustrating from a buyer's perspective. He said he understood that it wasn't logical, but essentially that's what I get for not taking the BIN. "You left it in the judge's hands."

OK, but so did the other guy, and you rewarded him for making the lower offer??

To me it makes the seller a stand up person. They accepted the first offer that was high enough for them to sell.

[Ronnie73]

I've had the complete opposite happen. It's happened twice but the first time it was only like a $10 difference. So there was a modern card I wanted for a front color run. The seller listed the card as an auction with a best offer. He started the auction I think at 99 cents. I made an offer of $200 that lasted for 48 hours. I got no response from the seller and the 48 hours ran out and the card still had no bids. So a day passed and still no bids. So I made a second offer for $200 again for 48 hours. Still no response but then 40 hours into my second offer, someone placed a bid, so it canceled my offer. So it's already 5 days into a 7 day auction. I placed a last second bid of $150 on the card and won it for $90. I'm sure the seller was not feeling too happy while packaging up the card to send to me. I didn't feel bad about the situation because I made 2 very fair offers that I felt the card was worth, based on similar card sales.