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Post by small on Apr 12, 2019 11:46:29 GMT -8
I know we have had back and forth's sometimes in threads where we discuss value, and what people are smoking when they list an item for sale. In fact I suggest we start the thread "What Were They Smoking?"
In my never ending quest for 7009's I came across a reference, not just this particular watch, but reference, that has been "offered" over the years, from lunch money, to WWTS. I came across one to day in the latter category, and messaged the seller, that maybe the listings price was in error, since there didn't seem to be a "Make an Offer" option. The seller responded to "make a reasonable offer". At this I paused; since to me, looking at sold auctions, and what I've paid before, its 5x's higher. What the sellers asking is IMO, so far from reasonable, any IMO reasonable offer will look like I'm trying to steel it...On the other hand; I actually offered more, then I would have bid up to, since I wanted to be closer and hope to score another watch.
From a sales/marketing perspective, does it help to post unrealistic prices, hoping someone will offer more, like I did, and they'd sell higher then they normally would because the buyer didn't want to offend???
I know guys that sell at the flea markets in the summer that always have higher prices marked on items, knowing they will take less. BUT if someone wants it and think the price is fair, they might buy it at the higher price. Most buyers know this and immediately start low and try and meet in the middle.
So when someone has something listed with an unrealistic price what then is a reasonable offer???
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Mr.Jones
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Post by Mr.Jones on Apr 12, 2019 12:14:00 GMT -8
dunno, as there are (at least) two types of sellers: One doesn't think the item is worth what he is asking . he just wants the best price offered. The other actually thinks he has gold in his hands, even when he clearly has not. The first one won't be offended if you offer what it is worth to you. The second one...
I had once an item with a BIN button - I offered maybe 10% less. The seller responded with about 1$ of the asking price. I mean - why even bother?
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HiBeat
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Post by HiBeat on Apr 12, 2019 13:03:03 GMT -8
I won't "meet in the middle" if the offer is super low. It's not my ego, years of selling has taught me such buyers are never satisfied.
So if I think an NOS bezel tops out sell price of $200, but not sure if we have interested parties today. Then someone offers $100. Problem is if I say "how about $160?, He says " $150", and I sell. I can guarantee you he is not educated in the ways of market price today, he does not appreciate I gifted him a $50 discount either. He just gets mad that I pushed price on him and he will always think he overpaid 50% and got taken advantage of.
So I just say "thanks but I was thinking a lot more so let's just part ways now".
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tritto
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Post by tritto on Apr 12, 2019 13:45:33 GMT -8
I tend to walk by overpriced items. I figure there is probably too much difference between his expectations and mine for us to come to an agreement without someone feeling pissed off.
If I can offer at least 75% of the asking price there might be some common ground though.
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HiBeat
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Post by HiBeat on Apr 12, 2019 14:18:46 GMT -8
Yeah but if $200 is the right price, in today's market, say an NOS 6309_7040 bezel.
So if a guy offers it as a "Best offer" you don't know if he's looking for $50, $100, $250, or what.
So you can't really say you would walk by the listing, because you don't know what he's asking for. That makes sense?
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small
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Post by small on Apr 12, 2019 14:23:51 GMT -8
I hear all of you guys I'm guessing most have seen a seller or two on the bay that have dozens "4u2fix" at WWHS prices and "make an offer" listing. Again what I think of as reasonable is so far from the mark I don't even make one. I was kind of surprised at myself for making an offer higher then normal so I would at least come closer...Wondered if it wasn't some Jedi Mind Trick....I made my offer in a message so we'll see if its reasonable or offensive.
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tritto
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Post by tritto on Apr 12, 2019 20:32:04 GMT -8
Yeah but if $200 is the right price, in today's market, say an NOS 6309_7040 bezel. So if a guy offers it as a "Best offer" you don't know if he's looking for $50, $100, $250, or what. So you can't really say you would walk by the listing, because you don't know what he's asking for. That makes sense? Oh, I assume anyone that says offers invited doesn't really want to sell it and is looking for someone to offer a price he can't refuse - and I walk on by 😆 |
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Mr.Jones
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Post by Mr.Jones on Apr 13, 2019 3:03:27 GMT -8
Yeah but if $200 is the right price, in today's market, say an NOS 6309_7040 bezel. So if a guy offers it as a "Best offer" you don't know if he's looking for $50, $100, $250, or what. So you can't really say you would walk by the listing, because you don't know what he's asking for. That makes sense? Yeah, but the question was for obviously overpriced items. Sometimes I don't know the market price, or act on the last one I know - which might be too low. I hope I don't offend anyone with that. |
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Post by saul on Apr 13, 2019 17:02:53 GMT -8
I've never understood sellers who are offended by a low ball when they are asking for offers or have a bin. If someone offers you too little for something, regardless how you've priced it, just say no and move on. If you are so emotionally invested in what you are selling that the mere offer of a price below your selling point is interpreted as an insult then maybe you should just hang on to it.
As to the OP's question, if the 7009 is being offered at WWHS price point then almost anything you think is reasonable will probably be rejected. I have to really want something to offer significantly more than what I think it is worth in the market.
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HiBeat
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Post by HiBeat on Apr 13, 2019 17:59:41 GMT -8
Just to throw in a personal perspective, I never get offended by any offers. Possibly the person is low on funds or his sense of market value is not mine.
To reiterate, if his offer is way low to start I decline to continue on. No hard feelings. I just don't want the dissatisfied buyer if and when we meet in the middle.
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Post by doctorc on Apr 13, 2019 19:58:11 GMT -8
Just to throw in a personal perspective, I never get offended by any offers. Possibly the person is low on funds or his sense of market value is not mine.... Or (in my experience) the person knows the value, it wants to be able to flip for a profit. Or, they just want to score a great deal. I had a guy bargain back and forth over a bag of goods. He finally said that all he had on him was $25 and could I take that. I was tired of dealing with him and said sure,. Then he picked up another item and asked if I would throw it in for free. I said no. I already gave you a great deal. He pulled out a wad of cash and peeled off $25...and had a big smile like he was proud he pulled one over on me. He continued shopping and I told him don't bother.., I won't sell another thing to you at any price. If I want something, I will offer what I think it's worth. If their starting price is too high, I just keep walking.. |
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small
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Post by small on Apr 14, 2019 6:10:19 GMT -8
I've never understood sellers who are offended by a low ball when they are asking for offers or have a bin. If someone offers you too little for something, regardless how you've priced it, just say no and move on. If you are so emotionally invested in what you are selling that the mere offer of a price below your selling point is interpreted as an insult then maybe you should just hang on to it.
As to the OP's question, if the 7009 is being offered at WWHS price point then almost anything you think is reasonable will probably be rejected. I have to really want something to offer significantly more than what I think it is worth in the market.
I'll admit I'd been bothered not really offend in the early years when I listed a watch and had a guy message saying he'd "take it off my hands" outside eBay (to save fees) and that I was high to ask so much..I explained he was mistaking the watch for something else, and no thanks. Watch ended up with a couple of bidders and I think the buyer did well and I was happy. IIRC I was listing at $150 and he'd offered $25 it sold for $225?? Now I wish I'd held on to it. But I feel that way with a bunch of things I've sold... |
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Post by small on Apr 14, 2019 6:37:51 GMT -8
I'm not saying i'm anywhere near a market expert on 7009's but I'm getting close to being knowledgeable. I guess my offer was too low and I may have offended the seller. Seller has not even responded, although he may be waiting for the auction to end?
I've paid just less than what I'd offered for my example, that went in to the NO$9 collection. I have not kept close watch on the reference, and prices, since I don't care too much for it. A quick search, on eBay, shows it being offered for less in a few auctions, and "sold" listings having sold for 60% of what I offered...Those number would seem to me to mean that I'm not trying to get one over on the guy...
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Post by ast236 on Apr 14, 2019 15:51:06 GMT -8
I'm a long time member on a motorcycle forum, advrider.com, where there is a very active classified section. I've seen everything from comic books to cars to watches to houses sold there.
Most of the sellers recognize what is a fair price to all involved and post it at or near that price. Other times, as a prospective buyer, I just have to scratch my head and smile.
Fortunately today, with the advent of the internet, it's not that hard to let big brother Google help you with some research.
I've bought several watches in the past year and feel like I've paid a fair price for each of them. On one or two, I think I did a little better than market value.
On the motorcycle forum, I'll sometimes contact the seller, especially if the item has lingered for a while, and say something like 'Hey, buddy, not trying to be a (insert derogatory term) here, but I like what you're selling, but right now I'm really looking for a bargain. If it doesn't sell soon, I'd be glad to pay you $xx.xx for it. Best of luck'........... I've gotten and 'thanks, but no' and I've bought a few things. To the best of my knowledge, I've not made any enemies so far.
A material thing is 'worth' what someone is willing to pay for it. Supply and demand/social status and a hundred other things help determine something's 'value', both to a buyer and a seller. I live a comfortable life, but even if I had the money, I'd never spend tens of thousands of dollars on a watch. Just not my thing.
Anyway, interesting discussion.......... |
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Post by small on Apr 25, 2019 11:27:58 GMT -8
Wow and again??? BIN is $60 and has make an offer, I said I'd go as high as $60 if it had the original bracelet how about $50? my offer was declined? Again what kind of offer would he accept? $59? Its not like he has countered? Or messaged that the "Make an offer" function was a mistake with the listing....ugh.
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tritto
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Post by tritto on Apr 25, 2019 14:16:13 GMT -8
Wow and again??? BIN is $60 and has make an offer, I said I'd go as high as $60 if it had the original bracelet how about $50? my offer was declined? Again what kind of offer would he accept? $59? Its not like he has countered? Or messaged that the "Make an offer" function was a mistake with the listing....ugh. eBay seems to be automatically adding the make an offer option to listings after a set period of time. You then have to amend the listing to turn it off. Your seller may not have intended the offer option and may not welcome it. |
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small
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Post by small on Apr 25, 2019 14:34:22 GMT -8
Wow and again??? BIN is $60 and has make an offer, I said I'd go as high as $60 if it had the original bracelet how about $50? my offer was declined? Again what kind of offer would he accept? $59? Its not like he has countered? Or messaged that the "Make an offer" function was a mistake with the listing....ugh. eBay seems to be automatically adding the make an offer option to listings after a set period of time. You then have to amend the listing to turn it off. Your seller may not have intended the offer option and may not welcome it. That's why I thought if it was a mistake then a comment along with offer declined... |
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HiBeat
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Post by HiBeat on Apr 25, 2019 15:44:40 GMT -8
Wow and again??? BIN is $60 and has make an offer, I said I'd go as high as $60 if it had the original bracelet how about $50? my offer was declined? Again what kind of offer would he accept? $59? Its not like he has countered? Or messaged that the "Make an offer" function was a mistake with the listing....ugh. eBay seems to be automatically adding the make an offer option to listings after a set period of time. You then have to amend the listing to turn it off. Your seller may not have intended the offer option and may not welcome it. Exactly the problem. If you list and don't go into "view Listing" you don't know the bums at ebay turned on "Make Offer."
And, the idea is to send the seller such a HIGH offer that it causes him to accept the offer and end the listing early.
It legalizes the old "back door offer."
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Mr.Jones
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Post by Mr.Jones on Apr 26, 2019 3:13:27 GMT -8
Wait, there is now a "make an offer" button on auctions that have not BIN? Only with a set starting price? I could understand how people are confused by this. "Oh, $60 BIN, let's make an offer!", when it wasn't a BIN to begin with and that's the starting price...
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Post by leffemonster on Apr 26, 2019 6:58:51 GMT -8
To be fair to ebay, this isn’t exactly a new feature - it’s been there for a while. I’ve seen plenty of auction listings with an opening bid price as well as a ‘make an offer’ button, but with no BIN option. As Jon said, I suppose it’s to legitimise the back-door offer. Maybe it isn’t that well explained in the sellers guide though, as I could see why a seller might be confused if they’ve opted for an auction but then start getting offers - especially if these are below the opening bid price. Work in progress, maybe?
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