Question about eBay

[Lager]

I see a listing for xbox with the starting price of $10, and the question is, why is the starting price so low? What happens if the auction ends with like the highest price at $50? Will the buyer make any profit or what? Thanks for explaination.

 

[BennyD]

if it has no reserve then it will go yeah, but it prolly has a reserve

 

[Mayhem1869]

first of all-has the reserve been met ? if it has the seller is just taking a gamble that the price will go up enough for him to do well on it. by starting low it attracts attention to his auction.

 

[Lager]

If you mean reserve by bid, yes, they are bids.

 

[Angrymarshmello]

Because at least 50% of the time it'll sell for what the seller wants. It might start at 10 but if everyone saw that it was selling at 50 before the auction is about to end everyone is going to bid on it driving the price up

 

[ChrisIsBored]

Do a search and tell me how many xbox's you see selling for $50 with less than 12 hours remaining.

Common sense... c'mon!

 

[OREOSpeedwagon]

Some people just take risks thinking more people will bid and watch the auction if you set the starting price of $0.01..sometimes it works and sometimes it doesn't. Most likely you won't get an awesome deal if its in good shape though.

 

[FoBoT]

it isn't going to end at $50, somebody will bid higher

the buyer started it low to keep the listing fee down, there isn't much risk (unless he is a no feedback snake/thief) of it going for too cheap

but i don't know much about ebay, so i might be full of crap

 

[OREOSpeedwagon]

Originally posted by: coldcut
If you mean reserve by bid, yes, they are bids.

A reserve is a set price that if the bid doesn't go higher than that amount no one gets the xbox.

 

[Lager]

Originally posted by: OREOSpeedwagon

Originally posted by: coldcut
If you mean reserve by bid, yes, they are bids.

A reserve is a set price that if the bid doesn't go higher than that amount no one gets the xbox.

Thank you. Can the buyer see the reserve?

 

[BennyD]

Originally posted by: coldcut

Originally posted by: OREOSpeedwagon

Originally posted by: coldcut
If you mean reserve by bid, yes, they are bids.

A reserve is a set price that if the bid doesn't go higher than that amount no one gets the xbox.

Thank you. Can the buyer see the reserve?

if the seller chooses

else only if it's been met yet

 

[Johnnie]

lower insertion fee 🙂

 

[Eli]

So people like you will go, OMG! It's only 10$.. I'm gonna bid!

 

[Lager]

Originally posted by: Eli
So people like you will go, OMG! It's only 10$.. I'm gonna bid!

😀