Why do some sellers put crazy buy it now prices on ebay

[ideal0024]

I'm about to list a few cards (Pujols, Ichrio autos) with BIN's that are gonna about $100 over what they normally go for. I'm really not wanting to sell them, but if I want raise a bit of money for big purchase. If someone comes along & buys them then I'll take the money over & use that to replace them eventually.

 

[theplasticman]

The answer is simple-most people don't like to leave $$ on the table. That is why I would put a large BIN on a card at least.

I cannot tell you how many times people have hit the BIN on items I thought would never get hit. All it takes is one person.

This. I as a seller am interested in finding the person who is willing to pay the most for my cards. Often, there's one person willing to pay far more than anyone else. Auction prices are dictated by the amount that the SECOND highest bidder is willing to pay. Why should I buy into that pricing framework?

It's clear that a lot of people here are biased towards bargain hunting, and that's fine. But the fact that I want to get the highest prices for my cards doesn't make me an "idiot" And the fact that someone pays me a high price for the only available copy of a card doesn't make them "uneducated".

+1

 

[predatorkj]

The answer is simple-most people don't like to leave $$ on the table. That is why I would put a large BIN on a card at least.

I cannot tell you how many times people have hit the BIN on items I thought would never get hit. All it takes is one person.

This. I as a seller am interested in finding the person who is willing to pay the most for my cards. Often, there's one person willing to pay far more than anyone else. Auction prices are dictated by the amount that the SECOND highest bidder is willing to pay. Why should I buy into that pricing framework?

It's clear that a lot of people here are biased towards bargain hunting, and that's fine. But the fact that I want to get the highest prices for my cards doesn't make me an "idiot" And the fact that someone pays me a high price for the only available copy of a card doesn't make them "uneducated".

+1

As to Max Power's point, I think it does make you uneducated as a buyer and I also think it makes you a lazy shopper. I can see sellers wanting to get the max amount for their item. That is their job. But as a buyer, your job is to find the best for the least amount. If there are several to choose from, or you can be patient(which you should be able to do...come on people...it's a baseball card)then paying way over the going rate seems kinda dumb doesn't it.

 

[uniquebaseballcards]

I've been avoiding above-market and crazy BINs so as to discourage the trend with a lot of the stuff I like to collect. As a collector I obviously want BINs lower than market or at open market prices.

A lot of the time the buyer would need to be an idiot - or have too much money - to hit some of those BINs, and I don't want to be seen as either...it will only invite more crazy BINs

 

[jcmint]

what he said

I have a bunch of stuff listed at prices I want. Most of it is way over current market value, because I don't want to sell at current market value. But because eBay has the option for listings to stay active until canceled, why not list my stuff now just in case someone IS willing to pay my price right now? It can't possibly sell if you don't have it listed, so at least you're giving it a chance by listing it, even if your price is high.

And then when stuff moves upward in the future, I don't have to rush to eBay to get all my stuff listed because my listings are already active.

That said, I almost always use Best Offer listings, but I still do the same for these (high BIN price and counter all offers to what I want on the card, even if above current market price).

I can't speak for everyone because I'm sure there are different reasons people do it, but this is what I do and I think it's very logical from a selling perspective.

 

[jwc9p]

I like seeing a BIN for a $5 card at like $30. For example, some card just sold for $5 and someone has it at BIN for $30. I usually email them and I'm like, yo one of these just sold for $5, you willing to go down?

Then I never get a response, lol.

This.

Storen Sepia got sold for .99 and somehow I missed it. There's another with a BIN at 19.99. I offered $5 and got a response at $12. Come on man.