12 Mar
2009
12 Mar
'09
4:59 p.m.
Ian King wrote:
I've occasionally sent messages to eBay sellers
saying in essence, "Are you kidding?" regarding their pricing. Some reply with,
"What do you think it's really worth?" Most reply with, "Too bad,
that's what I want for it." Some sincerely believe their item is worth the
asking price; some are hoping it is, or that someone is desperate enough to pay their
ransom.
And that's perfectly fine. They want too much for it, if no one's
willing to pay, they'll lose money listing an unsuccessful auction.
Yes, there are suckers who don't know they're getting ripped off, or
don't care, but that's fine too. That's how markets work. A thing is
worth what the seller and buyer agree on. Auctions are set up in the
seller's favor (most of the time), so they usually get away with insane
prices, but not always.