I have been following a lot on EBAY for several days and waiting to see if their would be any bidders or if it would simply timeout. I sometimes use this method to monitor a lot I might want, but am not willing to pay the price, for one reason or another.
Well, this lot of three irradiated dimes caught my eye, and I almost pulled the trigger at the original price but hesitated because the only Dime I was really interested in, was the Dime in the Worlds Fair holder, the other two were nice, but I already had examples. The price was pretty good though, about $11 each when you added in postage. The thing that made me hesitate was a thought that maybe if the lot expired without a bid, it would be relisted at a lower price, that happens sometimes, and I often buy when that happens.
This lot closed without a bid, and the owner did relist but at a HIGHER price, from 29.99 to 31.99 plus postage of 3.89. Higher Price, what is this dude thinking? It puzzles me. Maybe he raised the price because:
1. the old marketing concept of perceived value, if a thing is cheaply priced, the perception is the product is inferior, a higher price raises the perceived value in the eyes of the consumer. The seller thinks the higher price will attract a better heeled buyer.
2. Someone told him his original price was too low and that each of those dimes should sell for at least 15.00 each, he decided to raise the price because he thinks they're correct after doing his own research on irradiated dime sold prices. But again, it was not a BIN sale, so if there were interest, he should have at least received the minimum bid.
3. He put no real thought into the price increase, he just saw that EBAY offered to relist and raised the price for heck of it.
What do you think? I am still following this lot, but I am far less likely to buy it now, if he had even left the lot the same price, I probably would have put in a minimum bid.
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