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Posted By: CoreyRS.hanus

Market price reflects what an item would fetch on the "market". The market to me is that universe of buyers or sellers of such an item, who have access to each other and the same information about the item, and who are aware what each is willing to buy or sell the item for. The market is not a private transaction between two people oblivious to what others would buy/sell the item for. To the extent you have such a private transaction, what price the item goes for reflects the particularities of that particular buyer and seller, which can have little relation to how the market would value the item.

In regard to BIN transactions, they differ from shilled transactions in one very important way -- the buyer is not being mislead by fraudulent information that there are ready, willing and able buyers at the shilled bidding increments below the price at which the shiller is prepared to let the item sell at.