I agree with taking eBay prices with a grain of salt...
One factor is trending of a particular item which in my opinion "artificially" drives an item price up but is temporary usually.
For over ten years I tracked the prices of over 200 games (DOS FPS's mostly) on eBay and amazon. Over the years I refined my formula set to basically ignore the extremes and use only a median, which is based on total sales over time. It isn't at all just an average price calculation. There are many factors involved, but basically it is designed to ignore both the extremist on the high side, and the soccer mom selling stuff out of her kids room for nothing, and without research.
As far as being stung, when I sold on eBay, I used almost exclusively Buy It Now listings. Either you want it, or you don't. Trying to capitalize on someones emotional reactions is gambling... which is fine for a hobby, but not for actually working on a profit.
Anyway, thanks for your two cents... this is mine.
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My Opinion On Ebay and Auctions in General
in Musings of the White Lion
A blog by simbalion in General
Posted
I agree with taking eBay prices with a grain of salt...
One factor is trending of a particular item which in my opinion "artificially" drives an item price up but is temporary usually.
For over ten years I tracked the prices of over 200 games (DOS FPS's mostly) on eBay and amazon. Over the years I refined my formula set to basically ignore the extremes and use only a median, which is based on total sales over time. It isn't at all just an average price calculation. There are many factors involved, but basically it is designed to ignore both the extremist on the high side, and the soccer mom selling stuff out of her kids room for nothing, and without research.
As far as being stung, when I sold on eBay, I used almost exclusively Buy It Now listings. Either you want it, or you don't. Trying to capitalize on someones emotional reactions is gambling... which is fine for a hobby, but not for actually working on a profit.
Anyway, thanks for your two cents... this is mine.
/end of ramble
MrBlackCat