A new low in net54 lowball offers

[packs]

My point was that I was ready to hand him $115 but he balked over $12 and instead made $0. You don't have to defend him, I understand economics. All I was trying to say was it was weird to me that you'd prefer not to sell over $12.

[vintagetoppsguy]

Originally Posted by packs

My point was that I was ready to hand him $115 but he balked over $12 and instead made $0. You don't have to defend him or talk down to me, I understand economics. All I was trying to say was it was weird to me that you'd prefer not to sell over $12.

I'm not defending him or talking down to you, but maybe the $12 was the difference between making a profit and taking a loss.

[packs]

I'm sure he'd have no problem selling on the internet. Just like I'd have no trouble buying on the internet. But the point of a show is that you're there then and now with the money in your hand.

[JasonD08]

I had 3 rare M101-5 blank backs in poor sec 10s with damage. 2 of them were only known examples if I recall. I had all 3 listed on ebay for $8K BIN OBO. I had a guy hammer me because I wouldn't take $2500 for the three. After about 4 years I decided to send to REA with my victory back McGraw. The McGraw was also a new discovery only known. The victory I broke even on and the 3 blank backs went for $35K before juice. You never know.

Jason

[1952boyntoncollector]

Originally Posted by vintagetoppsguy

I'm not defending him or talking down to you, but maybe the $12 was the difference between making a profit and taking a loss.

eventually a line is drawn...heck auctions are won by a dollar....a dollar the difference of buying or walking away....... if a dollar didn't matter than there would be bidding forever with a dollar increase till infinity eventually a line is drawn

[Donscards]

It is easy to refuse offers no matter if the buyer thinks he is making a good offer---I was at the White Plains show this past weekend---I had 2 52 Mantles--sold a sgc 35 and have a sgc 10 52 Mantle---$6700---a customer looked at it sat and we talked---He came back sunday and threw down a bank envelope with 5 K cash in it---I just looked at him and said, I paid more for it than your offer---that ended the cash offer---just because he had 5 cash doesnt mean he will get his deal-----my one buddy said, if you accepted all the offers you receive, you would make a bundle---(I also would most likely lose a few bucks)----just another story on low offers.

[4815162342]

Originally Posted by 1952boyntoncollector

eventually a line is drawn...heck auctions are won by a dollar....a dollar the difference of buying or walking away....... if a dollar didn't matter than there would be bidding forever with a dollar increase till infinity eventually a line is drawn

Huh? In what auctions are the bidding increments a dollar?

[1952boyntoncollector]

Originally Posted by 4815162342

Huh? In what auctions are the bidding increments a dollar?

you get the picture...check out ebay......lets say item is for $500 or less on ebay.. ....ok will change analogy..every auction will go up to $500 as bidding increments are less than $12.00...the guy said 12.00 blew the deal.....so everyone will keep bidding up to $500 every time cause increments less than $12...understand the example now?

or perhaps every single ebay auction will get bid up to whatever amount that caused bidding increments to go be more than $1.00....so no item ever will say for less than $3.00 , since bidding increments under a dollar...and will keep getting bid up since a dollar is nothing......like I said eventually a line is drawn and a dollar is enough (or less) for someone to walk away

[4815162342]

Originally Posted by 1952boyntoncollector

you get the picture...check out ebay......lets say item is for $500 or less on ebay.. ....ok will change analogy..every auction will go up to $500 as bidding increments are less than $12.00...the guy said 12.00 blew the deal.....so everyone will keep bidding up to $500 every time cause increments less than $12...understand the example now?

1) Most of eBay bidding is via snipe.
2) Auction House bidding increments are not constant.

[1952boyntoncollector]

Originally Posted by 4815162342

1) Most of eBay bidding is via snipe. (whats your point, many auctions not via snipe and eventually someone bids an amount and not a dollar more)
2) Auction House bidding increments are not constant.

items are still won by less than $12.00 when its a less than $100 dollars) eventually a line is drawn


OK you win... ...the guy is saying a deal was blown over $12.00.... I guess a line is not drawn and bidding goes forever to where the increments go over $12.00 on every auction.... my bad

[rats60]

Originally Posted by packs

My point was that I was ready to hand him $115 but he balked over $12 and instead made $0. You don't have to defend him, I understand economics. All I was trying to say was it was weird to me that you'd prefer not to sell over $12.

Maybe he prefers to sell them for more to someone else. Wanting more than 10% discount on wax is lowballing unless it's overpriced. In this case you were expecting a deep discount on a hot product. It's no suprised he declined.

[Mikehealer]

Originally Posted by packs

My point was that I was ready to hand him $115 but he balked over $12 and instead made $0. You don't have to defend him, I understand economics. All I was trying to say was it was weird to me that you'd prefer not to sell over $12.

Another point of view is that you also balked over $12.

[1952boyntoncollector]

Originally Posted by Mikehealer

Another point of view is that you also balked over $12.

+1

[Luke]

Originally Posted by Mikehealer

Another point of view is that you also balked over $12.

Yeah, I don't think this example really fits the discussion. The seller offered you a 2% ($3 off his $130 price) discount, and you countered asking for a 11.5% discount ($15 off his $130 price).

Your weren't lowballing him, but you are asking for a pretty big discount. If his margin is something like 8%, he obviously can't accept your offer.

I often price things as low as I can in order to sell quickly. In those cases, I would turn down a request for a 11.5% discount and it wouldn't have anything to do with me "preferring not to make a sale".

[ullmandds]

dunno? 10% discount is pretty standard...what's another 1.5%?

[Luke]

I agree that an offer for 10% off is going to be accepted most of the time. But I can understand why some sellers with certain products might not be able to.

[rats60]

Originally Posted by ullmandds

dunno? 10% discount is pretty standard...what's another 1.5%?

Maybe on single cards, but not on new wax. Often the profit margin is only around 10%. Factory cost on this item was 53.24. Dealers are now paying more than the 57.50 offered. So how is that a standard offer?

[vintagetoppsguy]

Originally Posted by rats60

Maybe on single cards, but not on new wax. Often the profit margin is only around 10%. Factory cost on this item was 53.24. Dealers are now paying more than the 57.50 offered. So how is that a standard offer?

Exactly!

[ullmandds]

Originally Posted by rats60

Maybe on single cards, but not on new wax. Often the profit margin is only around 10%. Factory cost on this item was 53.24. Dealers are now paying more than the 57.50 offered. So how is that a standard offer?

my mistake...I didn't realize we were talking about new wax here...oopsie!

[Jantz]

Last year I put a 2014 Topps Miguel Cabrera autographed card serial #ed to 25 on Ebay. After looking at completed auctions, there had only been two sold on Ebay. The first sold for $165 and the other sold for $135. So I listed mine at $150 BIN/BO, a price that field goaled the two previously sold cards.

Within the first five hours of the auction I received 5 Best Offers, the highest of them was $75.

Auto-decline is a wonderful feature!