Gold Capped Ask an Auctioneer: My first mailbag

Reader Comments (Page 1 of 1)

7-22-2010 @ 9:50AM

SunGod228 said...

Sorry but I would argue that the type of undercutting described in these articles is rigorous and constant undercutting based on estimated prices collected from tools without gaining a sense of the true value of the item.

Using price elasticity to always sell your auctions and make you feel like your making money doesn't mean you are making as much money as you could by posting things for the right price at the right time.

If I relied on auctioneers pricing (which i scan the ah with every day) to establish my pricing I would be taking a loss because most items I regularly trade I sell for 60-70% of auctioneers market price estimate.

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