Quote:
Originally Posted by Bored5000
So much of the business model of many sellers on there now seems to be hope for a sucker to come along.
It amuses me as well to see a card, often times not even a particularly rare card, appear as a BIN at three or four times what it sold for at auction just a few weeks or months earlier.
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This has been explained before, but I don't think anyone's listening.
But, again...."three or four times..." is excessive, but ebay policies are the reasons for most of the high BIN's, not sellers trying to find suckers. It used to be that a seller could purchase a collection based on ebay prices, then break it up on ebay with straight auctions. For a variety of reasons, that simply doesn't work any more. Yeah, yeah - I know about PWCC, Henry Yee and a few others, but I'm not going there.
The new business model is to either price an item at your bottom line BIN, or to price it much higher, with 'make an offer', which also results in the bottom line that you need in order to make a required profit.
And yes, there are ridiculous variations of the above that aren't effective and result in knowledgeable collectors getting upset, and we have all had times when we thought we had a very valuable item, but it turned out that the market didn't agree with us. We have also seen board members complain about a high-priced BIN on ebay, only to be told that the card really is worth close to the amount it's being offered at.