Are auctions still a viable selling method ? | Selling

chameleon54 · 2025-03-31T21:34:22.913000Z

I,m doing my 23/24 taxation lodgment at the moment and one figure that jumped out was that over 20 % of my sales are still coming from auction. ( nearly 25% on my largest selling ID ) Every new listing gets a 3 day run at auction with the starting price being my BIN price. Auctions put time pressure on buyers to bid before the auction closes, forcing the sale rather than buyers just watching and dithering. The other advantage of auctions is that you often get another bid or two over the starting price meaning you get more for the item than you expected or were willing to sell it for. Around once a week, I go into unsold items and bulk relist unsold auction items with the BIN price being my auction start price. It only takes a minute or two. The data shows it clearly has a place in a sales program ( depending on what you sell ) . Its worth noting many of my items are unusual or specific collectibles, more suited to auction than generic items. Does anyone else still have success with auctions and any tips or tricks?

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Are auctions still a viable selling method ? | Selling | eBay Australia