dadofstickboy
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posted on May 3, 2003 03:54:33 PM new
I have an item that is getting bid on like crazy!
It's not worth 1/2 of the current bid!
I'm glad to see this,BUT I'm afraid after they get in their hand, they will wonder why they bid so much!
Then I'll have a headache!
Would you kill it, or just let it go and hope for the best.
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alldings
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posted on May 3, 2003 04:28:54 PM new
Having sold a couple things for about 100X what I paid for them I'd let the auction run its course. I might get antsy if the bidders have 0 FB or one or more bidders start pulling out. Practice the happy dance & good luck!!
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hotcupoftea
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posted on May 3, 2003 04:34:06 PM new
Don't forget buyers have reasons for the price they bid other than value, meaning they are willing to pay more. You don't know what those reasons are, so let the auction run its course.
One example for me. I am reading a series of books by an author. I am really into the series. Oh oh, I don't have the last volume. It is out of print and not available on Amazon.com, nor is it on half.com. I look on eBay. There is the book, and the seller is willing to ship Priority Mail. I bid high to get the book.
I am not hotcupoftea on eBay.
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toasted36
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posted on May 3, 2003 04:35:32 PM new
I'd let run and do the happy dance too !! I've a couple of item shock me at the final price....maybe it's worth more than you think.
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replaymedia
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posted on May 3, 2003 04:38:39 PM new
Yep, let it run. The worst thing that can happen is you MIGHT have to relist it again. But think of the benefits if the buyer actually pays that much.
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capotasto
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posted on May 3, 2003 04:39:34 PM new
There is something which, if it came up on ebay, I would bid my pants off for. You would think I'm crazy. But it would complete a collection and it's something I must have.
It's not worth what I'd bid. I know that. But I'd bid it anyway.
Relax and reel in the suckers.
Signed, Another sucker
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dadofstickboy
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posted on May 3, 2003 04:45:08 PM new
Don't get me wrong!
I'm glad to see a high price!
I'm going to take your advice and let it run!
However!: I did take it upon myself to notify the high bidder to tell him he may be getting caught up in the bidding!
What more can I do?
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neonmania
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posted on May 3, 2003 05:20:55 PM new
Dad - I listed a widget a few months ago that I knew was had some value. I placed a $50 reserve on it and figured if it didn't hit, I would hold on to it for a few months and try it again. Widget closed at well over $200. Winner was thrilled that they got it, could not have been happier and the losing bidder emailed a week later to see if the winner had paid because they wanted it badly and would gladly honor their bid if the winner chose not to.
The old adage about widgets only being worth what a buyer is willing to pay someimes works to your advantage too 
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Japerton
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posted on May 3, 2003 05:43:16 PM new
I listed an item that had been continuously sold by various sellers for as long as I have been on ebay. I would check the price and think, "good grief what am I even putting it up for!?!!" It was a footcandle lightmeter.
I was stunned when it went for $41!!! I thought I'd be lucky to get the opening bid of $8!
The little meter is doing professional greenscreen work!!! The guy was very happy!
So, ya never know!!
Japerton
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leads
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posted on May 3, 2003 06:53:23 PM new
the cutest story I heard about a widget item was they emailed the winner to find out why they bid so high on the widget, the answer we were all drunk at a party, but dont' worry we will pay for it, they did all had a happy ending, go figure
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dadofstickboy
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posted on May 3, 2003 09:34:00 PM new
Well:
I started the bidding @ $9.99
I let it run the full duration.
It ended @ $94.56
We'll see what happens!
I hope you guys are right!
If it comes back to bite me in the butt, I'll blame you!!! OK!
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sparkz
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posted on May 3, 2003 10:02:18 PM new
Tell ya what Dad...I know you're going to feel bad about accepting that bidders money, so I came up with a solution. Why don't you send me $75.00 of it. We'll both feel a lot better
The light at the end of the tunnel will turn out to be an oncoming train.
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dadofstickboy
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posted on May 3, 2003 10:14:15 PM new
sparkz:
If I send you $75.00
Will you put up with the Bulls**t and take the NEG. that goes along with it?
Hopefully everything will work out for the best.
BUT: If it don't I'll direct them to you!
OK?
HANNITOU!
AAWOYIWHNOTFBO!
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rarriffle
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posted on May 4, 2003 03:49:17 AM new
last summer i bought a bunch of slot car items at a garage sale...3 sets in the boxes, some extra track etc...paid $30 for the whole works.
well in one of the boxes was a sandwich with a few car bodies and other pieces and parts and a couple of tiny wrenches
i listed the sets separate and the contents of the bag i just poured out on the table, took a pic and listed it by itself...figured it should be worth $5.00 anyway..
i started getting emails and bids as soon as the items showed up in ebay search..the little bag of items was over $50.00 by the next morning. the emails were all asking about the same cars included in the bag. i finally asked one of the questioners what was going on and he explained that this particular car was very hard to find and i had 3 of them in one little bag. well that little bag went for $210. and altogether the group sold for over $400.
I was petrified that I would be refunding all that money but everyone, especially me, was tickled with the outcome.
somedays life is too sweet
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neglus
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posted on May 4, 2003 04:56:52 AM new
Last October I sold a chrome postcard of a town (1970s vintage) of a town in California for $100+ - I even had people emailing me asking if I was doing cartwheels in my yard to get that price for that card - I was very nervous thinking something HAD to go wrong but the buyer paid via paypal and left positive FB..I listed a duplicate of the card this week...it sat at opening bid price most of the week (have to admit I was a little disappointed) but at the close was sniped for another good price! The buyer emailed asking me to take extra special care packing the postcard as it had special meaning to her...I guess what I am trying to say is that we as sellers can't understand the reason people pay what they do for some items! I know I would give my eyeteeth for a Winnie the Pooh record narrated by Jimmy Stewart that I listened to as a child..not that it is that collectible but it has so many wonderful memories behind it! (oops dating myself)
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captian23
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posted on May 4, 2003 06:12:48 AM new
Remember....
The value of an item is what somebody is willing to pay for it, not what a magazine or book says.
Good Luck
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Twelvepole
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posted on May 4, 2003 07:11:16 AM new
Just sit back and enjoy the bidding...
AIN'T LIFE GRAND... 
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msincognito
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posted on May 5, 2003 02:02:02 PM new
I have had this happen a few times and I'm always happily surprised ... one time it was someone who was trying to replace the skirt to her "lucky" suit (I was listing a lot of clothes that happened to include the whole suit, but all she wanted was the skirt ... she bought the whole lot for a very nice bid and then told me not to waste money shipping anything besides the suit. She did NOT ask for a reduction in the shipping or in the final bid price, but I gave her a break anyway b/c I knew I could offer the rest of the lot to the next-lowest bidder and in fact, did.)
But I don't think I'd ever email one of my bidders and suggest that they were getting "caught up" in the bidding. Remember, for the actual bid price to get that high, two people have to think it's worth close to that much. ... and after receiving an email like that, the eventual winner is either going to 1) think less of you for not knowing what you had or 2) think less of themselves for "overbidding." Suggesting either seems to be to be borrowing trouble.
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