Frustrated by daft BIN prices

[2stripes]

Wish people would just get real with the buy it now prices, I wonder if they actually want them to sell. You see Klaatu AFA80 going for 120 quid and that's three times what I paid for mine! I buy nearly everything by auction, if sellers got a bit more realistic I'd consider paying a little more for a BIN but everyday you see loads of them not selling and you can see straight off they never will. Sure people just list them on the off chance they sell one in a blue moon to someone with more money than sense.

It's annoying as I and want to buy something but can't find a ROTJ moc I want at a reasonable price. Just wait until next Sunday for the usual shed load that finish at that time I guess, prices seem to have crept up again last couple of months anyway for Rotj.

Sorry moan over!

 

[Doomseeker]

You're right, it's very annoying. More fool them though as their item wont sell and the seller has to pay ebay £££ to list. I know AFA adds a premium but in my eyes should only add to the value of the figure what it costs to get it graded

 

[2stripes]

Yep, I know everyone wants to get the best deal they can, I just think a little realism wouldn't go amiss. I'm the same, I look at adding 30 quid max to buy a graded figure normally. I can pick up most Jedi ROTJ figures in nice condition for 30 quid and get them graded myself for 30 quid on top so more than 60 quid for a chief chirpa or prune face, I just see as me being lazy! Just takes a little time and caution in making sure the cardback genuinely is to the standard I'm looking for.

For example, I got a Nikto for 12 quid, a rebel Commando for 11 quid, Ree Yees for 16 quid even a few ESB on Rotj cards for 30-45 quid IG-88 Bossk etc. SW like vader for 45, Stormy for 37. All I have either graded or think are worth it and intend to send off to grade for 25 quid on top of what I paid. So why am I about to pay 100 quid plus for one of them pre-graded to 80nm? And hardly anyone does pay that, that's the thing. They just end up unsold.

To be fair I like getting them graded myself anyway!

 

[jedisearcher]

You're right, it's very annoying. More fool them though as their item wont sell and the seller has to pay ebay £££ to list. I know AFA adds a premium but in my eyes should only add to the value of the figure what it costs to get it graded

Everyone always says it costs loads of fees to BIN list but for 2 or 3 extra pictures and a BIN fee of 40p you can list a high cost item with nice photo's for not much more than £1. Perhaps if ebay increased the fees to make a seller actually feel it in their pocket then there would be fewer stupid prices.

As to only adding the cost of the grading no seller would do that. They take the risk for losses, damage to the item in transit, postage costs etc. There has to be a premium for that to make the risk worthwhile.

Like 2stripes I like to get them graded myself. More fun that way especially when you get a great one back from America

 

[weasel]

No harm in contacting them and saying "interested in your item, dont wanna pay BIN, if it doesn't sell would you consider X?" Worst they can do is say 'no'.

 

[JuniorChubb]

BIN's are for those who don't want to wait... Some people are prepared to pay more to have something straight away rather than waiting for an auction to end.

It is frustrating but people can put any price they want on an item they are selling, they are the ones who lose out if it does not sell but be quids in if it does, this is how business works. In all forms of trading there are people who buy and sell overpriced items but like Weasel says, drop 'em a message and make an offer...

 

[2stripes]

BIN's are for those who don't want to wait... Some people are prepared to pay more to have something straight away rather than waiting for an auction to end.

It is frustrating but people can put any price they want on an item they are selling, they are the ones who lose out if it does not sell but be quids in if it does, this is how business works. In all forms of trading there are people who buy and sell overpriced items but like Weasel says, drop 'em a message and make an offer...

I have made offers in the past, but more along the lines of being prepared to pay 70%+ of what they're after but the BINs I'm on about are often 2 or 3 times the prices I'd pay at an auction sale. I think people have commented here as sellers at being annoyed at offers far below what they're asking for.

I know how business works and it's up to them to ask what they want of course, just seems pointless when they'll never sell. It's not 'business' for most of them anyway, as in their only means of income as if it was they would require turnover and actually generating revenue to sustain the business. In a free market where all products are identical competition will be mainly governed by price and it's pretty clear these sellers don't need to sell to survive in a business sense, it's just additional income to supplement their main job or just a hobby. So it's very much a sellers market in BIN terms which sees very little action and lots of listing fees. But as you say it's their choice, just a bit frustrating when browsing for something to buy.

 

[JuniorChubb]

In a free market where all products are identical competition will be mainly governed by price

Exactly, so if they overprice they do not sell, and the annoyance it causes you is slightly off-set by the fact that they make no money. Either way its their item, their choice.

Annoying yes, but personally I don't do this, I make a BIN as tempting as possible to get a quick sale but that my choice.

I was looking at getting my son a Lego star wars MTT, I could have gone for a BNIB BIN at £250, or waited it out and won a BNIB auction for about £150 or gone for a used one a bit cheaper, either way the options are there for me as a buyer depending on my budget and patience.

Didn't mean to suggest you didn't grasp 'the way business works' just pointing out a seller can ask any price they like... :wink:

 

[8bitaaron]

I believe that the true value of anything all depends on the individual, what I believe is worth 'X' amount someone else may think its worth far more or less. At the end of the day if you're happy and when you receive your item it's what you believe it's worth then it's all good!

Saying that its rare I see a BIN at a price I feel this way about, but I've managed to have quite a lot of luck with make an offers.

 

[Snake_eyes_82]

Wish people would just get real with the buy it now prices, I wonder if they actually want them to sell. You see Klaatu AFA80 going for 120 quid and that's three times what I paid for mine! I buy nearly everything by auction, if sellers got a bit more realistic I'd consider paying a little more for a BIN but everyday you see loads of them not selling and you can see straight off they never will. Sure people just list them on the off chance they sell one in a blue moon to someone with more money than sense.

It's annoying as I and want to buy something but can't find a ROTJ moc I want at a reasonable price. Just wait until next Sunday for the usual shed load that finish at that time I guess, prices seem to have crept up again last couple of months anyway for Rotj.

Sorry moan over!

I used to collect vintage Transformers aswel and it's insane over there ppl put mental BIN prices in fact it's just a **** scene over there no help on the forums really and no 1 buys anything in the classifieds it's nuts stuff sits there for weeks and weeks crap hate it. I seen a black Zarack recently for £3000 bin haha stupid