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Author Topic: Why are people paying these Crazy prices on eBay?  (Read 71791 times)
K5TEN
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« Reply #75 on: November 22, 2013, 02:26:17 PM »

Flippin' N00bs that see a rig or accessory on a 7 day auction and start a bidding war on the first day.

I wish I could slap them upside the had 80 or 90 times.
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WY4J
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« Reply #76 on: November 22, 2013, 04:01:35 PM »

Quote
I wish I could slap them upside the had 80 or 90 times.

 Agree, just don't know how people can be so stupid and drive the price to a crazy amount 6 days before the auction ends....COMPLETE MORONS!!!! Why not watch the item ans snipe it on the last 5 seconds of the auction. If you win it you got if for a good deal. If you lose it then you get to bid again. But if those who drive up the prize days before never get to own the item. is like they enjoy driving up the price and them going away. All I can say is...human buttholes with very little grey matter upstairs.
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K1CJS
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« Reply #77 on: November 23, 2013, 07:26:14 AM »

What I don't get are the direct rigs from Japan that are twice as much as here in the states. Case in point, am I missing something?

 http://www.ebay.com/itm/New-YAESU-FTDX1200-100W-HF-50MHz-transceiver-Free-Shipping-from-Japan-/151110933047?pt=US_Ham_Radio_Transceivers&hash=item232ee9da37


Yes, maybe.  Unless it's stated (no I didn't try to read the gibberish that was on the auction page) that it's a radio produced for the US market, you may end up with a radio that has to be modified to conform to the FCC specs for that rig.  I'm pretty sure that some of those radios have enabled transmitting bandspace that shouldn't be enabled in the US version and other transmitting bandspace that isn't enabled that should be.
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K1CJS
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« Reply #78 on: November 23, 2013, 07:30:27 AM »

The best way to shop is to set the site to show new listings in the 'buy it now' list.  If you see what you're looking for at a price you would pay.... 

Otherwise, in regular auctions, e-bay has become next to useless because of the morons who bid up the items.
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W5ARP
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« Reply #79 on: November 26, 2013, 10:24:23 AM »

If you do indulge in the auctions (as opposed to the buy-it-now) there is one overriding strategy you must always take--do not get emotionally invested in winning.  For instance, if you are looking for an entry level rig and have decided on a used IC718, spend a couple of weeks looking at existing auctions, or do a closed auction search, so you see the closing price of a dozen or auctions.  You'll find that they usually close above $420.  Pick a number at the lower end of the range, then bid that number.  The higher number you bid the sooner you'll win.  If you are outbid, never up you bid--another one will come along.  As long as the price you chose wasn't unreasonable, you will most likely eventually win one.  If you chose $500 for that item, you'll probably win the next auction, but if you chose $420, you will probably have to go through a number of auctions before you actually win.  Also, when you search closed auctions and none of them close at a price you consider reasonable, then walk away--chances are vanishingly small that you will be able to win one at a lower price.  Find another place to buy.

When people get emotionally invested in an item, they will keep rationalizing to themselves--"another $10 isn't much"--and it isn't until you do that ten times.  The emotional investment also tends to come when they see the price start at a great deal.  They've identified with the item when bidding was at $280, and looks like a great deal.  The don't reevaluate the value proposition now that bidding is up to $450.

I remember years ago, I wanted a Canon GL1 Semi Pro MiniDV camcorder because I was starting a production business.  It was just released a few months earlier, and was in high demand.  I started watching auctions for new GL1s on eBay (this was probably about 1999) and they were closing at $2300-$2400 dollars.  I noticed the seller had a website.  I went to their website and ordered the same--brand new--camera from the same seller, but from their store instead of eBay, for---$2100!

The only time you should bid up, is when the rarity of an item makes it unlikely that you will find another.  If you see a genuine Vincent Black Shadow--bid away, it will be a long time before you see another.  But, at any particular moment, there are half a dozen FT-857D's on auction in the US.
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WD4CHP
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« Reply #80 on: November 26, 2013, 03:30:28 PM »

I used to be one of the noobies that got caught up in the bidding wars.

I watch an item and bid at the last minute if it is still in my price range.

If not someone else will have it for sale.

Take your time and you will get what you want.

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WY4J
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« Reply #81 on: May 30, 2015, 02:49:51 PM »

I just can't believe the prices people list things for.  I just say someone list a used item for $100 + shipping that Amazon sells new for $7. Today someone was selling a Begali a used key for $350 that you can buy new for $270. Most times people used their stuff and them sell it for 5 or 10 bucks less and free shipping. And the funny thing is that some one will jump on it to save 5 bucks. I guess hams these days are nowhere close to the old timers who would kill you for a nickel.
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KD8MJR
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« Reply #82 on: May 31, 2015, 06:13:38 PM »

Flippin' N00bs that see a rig or accessory on a 7 day auction and start a bidding war on the first day.

I wish I could slap them upside the had 80 or 90 times.

Yes I also see it all the time and would love to join you in slapping them  Grin
I think I know why it happens.
I have read a few posts on eHam were people recommend that when you locate an item you want, just put in the maximum amount your willing to pay and then wait to see if you win.  That approach has one Major flaw, what happens when two or three people also put in their maximum.  The auction instantly goes up to a very high value and then sits their untouched until the last 10 minutes when someone may try upping the max by a few dollars.  eBay biggest problem is the amount of mega sellers/buyers that they cater to and the bad reputation they give the place.  Most mega sellers also seem to use the maximum amount strategy but they hold off until 1 or 2 days are left.

BTW I was amazed to see eBays new strategy, "The Live Auction".  As if people did not make enough regretted purchases with unlimited time, now they will squeeze your decision time down to a few minutes.  I am sure it will make them bags of money in the short term but it will also leave more and more customers with a "I hate eBay" attitude.

here is an example of one:
http://www.ebay.com/itm/ICOM-IC-756PROIII-756-PRO-III-HAM-RADIO-TRANSCEIVER-WITH-ORIGINAL-BOX-Lot-139-/381257807877?pt=LH_DefaultDomain_0&hash=item58c4bc7805

I bet in the frenzy it sells for $2K or more.
And note the 17% added to the winning bid and the flat $65 shipping charge.
So in your "I got to win" frenzy you win this thing for $2000 with a sudden regret, you then get kicked in the nutz again when you remember there is an extra $405 charge for eBay fee's and shipping.

73s
Rob
« Last Edit: May 31, 2015, 06:36:02 PM by KD8MJR » Logged

“A lie can travel half way around the world while the truth is putting on its shoes.”  (Mark Twain)
K5TED
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« Reply #83 on: May 31, 2015, 06:39:03 PM »

Snipe often and snipe high. The best way to win an auction is to wait til the last 5 seconds, put in your maximum bid, and go from there. If you don't win it, then you didn't put in your maximum bid. If you can't be there in the last 5 seconds, then you are not in an auction.


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KD8MJR
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« Reply #84 on: May 31, 2015, 07:12:49 PM »

Snipe often and snipe high. The best way to win an auction is to wait til the last 5 seconds, put in your maximum bid, and go from there. If you don't win it, then you didn't put in your maximum bid. If you can't be there in the last 5 seconds, then you are not in an auction.

Works sometimes, but it can often lead to paying more than you should.
I had an auction that I decided $500 was my limit. I went for the last 5 second thing but at about 10 seconds it went up from $400 to $550 so I put in $600 and ended up with it for $595 which was really not a deal at all. I would have been better off avoiding getting bit by the bidding frenzy and just put in my $500 bid 10 minutes before it ended and let some other sucker get stuck with a $590 bill.
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“A lie can travel half way around the world while the truth is putting on its shoes.”  (Mark Twain)
G3RZP
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« Reply #85 on: June 01, 2015, 01:11:15 AM »

How many of these early bids are shills just pushing the price up?
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PITSWL
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« Reply #86 on: June 01, 2015, 06:28:29 AM »

How many of these early bids are shills just pushing the price up?

IMO, most of them. Personally, I think there's a ton of shill-bidding at the end too.
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So... Shawarma?
NK7Z
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« Reply #87 on: June 01, 2015, 06:59:21 AM »

Find your item on eBay, use a sniper, set what price you want to pay, then walk away...  You would be surprised at how many of these types of auctions you will win.
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Thanks,
Dave
For reviews and setups see: http://www.nk7z.net
KB2FCV
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« Reply #88 on: June 02, 2015, 03:36:55 AM »

I have been on both ends of some of the crazy prices on ebay. As a bidder, sometimes you see something that is perfect.. you have to have it at any price and you wouldn't dare lose it to somebody else. I usually always bid smart and will generally let an item go if it exceeds what I think it's worth and I know there will / are others... but... there have been a couple of rare instances where I find something that is a little harder to find that is absolutely perfect and I'm not sure I will find exactly what I was looking for again. I have overpaid for a couple of items.. but they are in my shack.

As a seller, I have had a few of my items bidded up in a bidding war. I had some vintage homebrew receiver I tossed up which I wasn't expecting to get more than $20 or $30 dollars for. Apparently it was a popular design that worked with some generic dial that nowadays is kinda hard to find. It sold for roughly $650 dollars! In the last few mins it had a fierce bidding war. I also had a nice clean 75A-4 I sold a while back that also got into a bidding war.. so it's never a bad thing to be a seller on the receiving end of that. Lastly, when I sold my K2 I put it up with no reserve. I actually had a bidder write to me saying the price it was selling for was too high, that you could get a new one for the same price. Hey, I put it up for no reserve.. the bidders who want it are deciding the price. The bidder thought I was nuts. Huh? Also, I have never and would never shill bid. I have had plenty of things sell for below what they are worth. In the end, an item is worth what someone is willing to pay.
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