- Jun 24, 2001
There's no guarantee you'll get top dollar on an auction.
It's the only way to determine market value during a tumultuous time like when a new model is launched, the new price drops $100, and a huge influx of used devices flood the market as they are replaced with the new model. During this period a couple days can mean $100 less value and a couple weeks can mean ~$300 less. Ideally, you'd want to have an auction-style listing that ends just before the replacement and price drop is announced with a temporary phone to hold you a week or two until the replacement launches.
Guess wrong with a BIN price and it languishes as the resale value drops further. By the time you adjust you will be one of many with no guarantee of a sale unless you list it for less than everyone else, which means you are not going to get top-dollar.