Andyclarke
Sith Lord
- Joined
- May 11, 2011
- Messages
- 1,139
Bonsai_Tree_Ent said:When I sell on Ebay auction I have taken to adding 'This auction will run to the end" at the bottom of the listing. I can understand the temptation to end early as a seller in cases where you are not clued up on the value. A few years back I sold a whole bunch of odds and ends including a pair of vintage golf balls that were wrapped in a shiny cellophane type material and in their original box, started everything at 99p. I got a message offering £50 for the golf balls and I thought that sounded really good, but I let the auction run because I figured if the buyer is offering me £50 then he is at least going to bid £50 so let's see what happens. They sold for over £300!
So the whole point of a buyer try to instigate a backroom 'buy it now' is so that they secure the item cheaper than they think they would if the auction was left to run. I guarantee that anyone offering you £50 to end early is going to be prepared to max bid more than £50 when the auction timer ticks down to zero.
Many a time I have offered an amount to end the auction early only for it to be rejected and in the end selling far lower than I offered. Swings and roundabouts. It's very easy for a seller to say "no". We can be saving them 15% in Paypal and eBay fees so it can be advantageous. I've certainly rejected offers on eBay only for it to sell much less. It's all a gamble and whether you are prepared to hold your nerve.