Best offer...pfft!

[bobbyw8469]

Originally Posted by edjs

Slightly off-topic, but why do sellers on e-bay raise the price on items that didn't sell? I have been following one item (auction only with an assigned minimum bid) for about 6 weeks or so, it was doing fine, $79, didn't sell, re-listed for $65, didn't sell, re-listed for $59, didn't sell, now I am thinking "perfect, just what I was wanting to pay for it, about $45-50!" Seller re-listed today, $79! Ugh. I don't know the fair market price (very obscure item, nothing to compare to), I only know what my budget is, and what I am willing to spend on something I like but don't really need. I just don't understand why after lowering the price twice and not selling, then raising the price back up. Can anyone explain this? I understand when sellers re-list at the same price, but why raise a price on something that didn't sell?

$59 might have been the lowest sale point that he is willing to sell and still eek out a profit. No seller wants to break even. Apparently, his break even price is your "BUY" price.

[edjs]

Originally Posted by bobbyw8469

$59 might have been the lowest sale point that he is willing to sell and still eek out a profit. No seller wants to break even. Apparently, his break even price is your "BUY" price.

You missed the point. After going down to $59, his latest listing is right back at $79. It didn't sell at $59, why raise the price back up to $79?