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October 27, 2005
Collectible Glassware Teaches Powerful eBay Lessons
Some expensive collectible glassware has valuable lessons to offer anyone wanting an eBay auction business. In this case, the items for sale were expensive Lladro figurines and a friend asked me to help her brother who was in a bind and needed money fast. Normally, I don't have time for individual help, except for my Auction Genius students, but this was an exception. How do we turn down friends, after all?
Expensive items like Lladro collectible glassware requirement extra attention to detail. For instance, here is a Lladro figurine that sold for the astounding (to me, anyway) price of $6,999.99:
If YOU were the buyer of this collectible glassware, wouldn't you have lots of concerns? Like ... authenticity? safe shipping? price?
Learn what I told my friend's brother about selling his figurines on eBay. And by the way ... he was very, very happy with the prices he got! Good for him.
Posted by SydneyJohnston at October 27, 2005 11:51 AM
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Comments
Hello -- Sydney -- I'm very new to eBay selling and I have to admit I was "blown away" with your advice to list an item really low.
I do understand the logic in that a lower starting price wil attract more bidders -- but it was the part about "you don't have to sell if the bidding doesn't go high enough."
I didn't know that -- I was always under the impression that if you list it -- and you get your minimum bid amount, you have to sell it to the that bidder if no one else bids higher.
Could you explain further?
Thanks.
Ron Rink
Posted by: Ron Rink at October 27, 2005 5:34 PM
Ron, there is something on eBay called a "reserve". If you opt for the reserve price option, you aren't obligated to sell if the price doesn't reach your reserve. For instance, you might post an opening bid of 99 cents - and a reserve of $50. If the bidding doesn't reach that magic $50, no sale. This is quite common, actually, because sellers want to encourage bidding with low initial prices.
Posted by: Sydney at November 19, 2005 12:57 PM
