Raising the prices on cards

[x2drich2000]

So we all know cards are currently on a boom and prices are rising sharply rather quickly. We also semi-frequently see posts complaining "I offered to buy a card and the seller instantly raised the price." So 2 questions for the board to consider.

1) What's the longest time a seller should honor a price listed on the BST?

2) When do you think it is appropriate for a seller to raise a price on another site such as Ebay?

[Casey2296]

Great question Rich.

2. eBay you can raise the price anytime you want, it's an open market. I've watched Dean raise his price on his 51 Mantle from 10k to 15k over the last 8 months in response to the market.

1. BST is a little different and I don't think there can be a hard and fast rule. If I pull up a dormant post from 9 months ago and say "I'll take it" I wouldn't expect the seller to honor that. I would send a pm and ask if the card is still available and enter into a negotiation based on current market value.

[icurnmedic]

If it is listed for sale at a certain price, it should be honored. Otherwise I think you should be able to edit the price at any time prior to someone saying I’ll take it.
Thomas

[Casey2296]

Originally Posted by icurnmedic

If it is listed for sale at a certain price, it should be honored. Otherwise I think you should be able to edit the price at any time prior to someone saying I’ll take it.
Thomas

Playing devils advocate: do you think if you pull up a dormant BST post from 2019 on a card that is listed $2500 under current market that the seller should honor "I'll take it"?

[icurnmedic]

I don’t know. Should the seller not change the price? Not sure there is a always right answer here. So this begs the question , what is the arbitrary time cut off? Things change overnight , seems like nowadays. 1 week,1 month,1 year?
I seen a current listing earlier that said something to the effect of good till nfc championship kickoff , or close to that. This delineates his timeframe for current pricing. Maybe we should start doing this more often..
Thomas

[glchen]

IMHO:

1) 2 weeks
2) anytime the seller wants. ebay is different from the board as a buyer can hit the BIN anytime he wants and the price is honored. The item could be at that price in years with the listings automatically be regenerated every month, and once the buyer hits the BIN, it's his. For the BST, it's different as the item could be long sold, but no one has a clue because it's not updated anymore.