Originally Posted by
Cari-in-Oly
On the surface, I tended to agree with you. But in looking a little further into it, it’s probably not a bad marketing strategy. He does a lot of Buy It Now/Make Offer auctions. If you look at his Sold Auctions, many of them are Best Offer Accepted.
So, if you research your item to get a value, then offer the item for 4 times that amount, some buyers that really want an item may unknowingly Buy It Now (@4x), others may Make an Offer for half of the asking price (@2x), and you can accept offers that are a quarter of the asking price (@1x). You can cover all of the different buyers, and have a pretty good markup on every item that you sell.
CD in Oklahoma