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06-30-2017, 12:57 PM #14
Re: eBay, forum classifieds, and game used sales
Chris-
Very interesting comments; I do think the high BIN's on eBay have discouraged any offers from most buyers. Even with a reasonable retail BIN, I think you have fewer people willing to even make an offer, similar to the issue of auctioning there with a reserve—buyers just assume they're not going to win the item and don't bid. BIN buyers just assume that whatever offer they make will get haggled/countered . . . The items that are 5x market value for me just add to the noise that needs to be waded thru to find good items at fair prices.
As I mentioned at the beginning, I think some are still out there, but not as many. So, obviously collectors are holding items more, etc.
I did notice in rereading that I used the last decade as the timespan I'm referencing. So, maybe in 2008 with the economy tanking, more good items were being made available for quick cash on eBay and now they're being held onto?
re; your market analysis. I found that interesting and agree, I don't think online auctions are a reliable source for this info. It is too easy for a couple auctions to skew the average value. An auction that goes unnoticed and sells cheap (as mentioned earlier), an impulse bidder who overpays, etc. Since every item is also one-of-a-kind, so many variables toward figuring it out. Does it basically come down to specific sports auctions and dealer sales (without being able to access private sales numbers of most transactions) for you?