Over priced item X10

[jacleo36]

Have i got the right forum? I have found an item on ebay that is listed at 10 times the retail price. this item is still available in various stores and online, i am not foolish enough myself to buy from him/her but am concerned that someone less informed may fall for it. to make matters worse it is a toy! the listing indicates 35 offers have been made, probably realistic? Is there a way to discouraging these sort of sellers from this behaviour?

 Before you cry "caveat emptor" remember this is aimed at pocket money and well meaning pensioners.

[davewil1964]

I must have missed it, as well.

The item the OP is complaining about is well over market price. As such, It is unlikely to sell and is simply incurring listing fees.

Blatant overpricing like this tends to be self-correcting, in that nobody buys it.

I doubt anybody but a collector would be interested in a Lego set at that sort of price, and they would have a good idea of value.

Apart from that, there is no law stating a maximum price a seller can charge unless they're a monopoly or public utility, so no eBay policies have been breached and thus there is nothing that can or should be done about the seller.

They could well be using that item, if it's the only one they have at such an inflated price, to get people into their store, if they have one. It's been done before.

If Woolies or Aldi had an item at ten times the other's price I suspect it would not be illegal, either, and the one with the exorbitant price wouldn't get any sales. Except to a mug. Caveat emptor.

[the-kazbar]

Your response is totally disingenuous (or stems from a stance of ignorance).

The price differences between an Aldi product  and its  Woolworths equivalent might be 10 or 15 per cent of the RRP, but not 1,000 per cent, or TEN TIMES a competitor's pricing.

You've completely missed the gist of the OP's posting apparently.  That is unless, of course, you're a seller who pulls the same sort of stunt?  Hmmm...

By "the same sort of stunt" do you mean, set the prices for my items as I see fit? Then yes, I do, just as any other seller or retailer can.

A buyer will then choose to buy from me or buy from someone else. Just as they can choose to buy some over priced Lego or not. It's a free market economy.

It makes no difference if the price is 10%, 25% or 400% higher. The buyers are the ones who ultimately decide whether the items price is correct by either purchasing or not.