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15-01-2015 11:31 AM - edited 15-01-2015 11:33 AM
The final price does indicate what the market values the item at.
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I know that is the conventional wisdom but I don't believe it, myself. We recently had an item that was identical to another that was on ebay. Only difference was that ours was in much better condition. Both items were pick up and in neighbouring suburbs. We actually copied some of the terms in the other ad as it was on first. It had about 17 bids and sold for $57 I think it was.
Ours, listed a week later and with very clear photos, ended up with only one bid and sold at $35.
I was once watching a bedroom suite that passed in with no bids at $600. It was relisted and the next week it had several bids and sold for over $800.
There are dozens of cases like that.
What is different is who is looking and if there is more than one. For some reason (human nature) if someone else likes a product, it seems to spur others on.
So.. in different circumstances, the BBQ could well have sold much dearer. The price the seller got may not be the usual market price it could get.
I agree, if the starting price was a mistake,the listing should have been pulled, even if there had been one bid.