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"Make Offer" in a bidding auction
I know that when a seller has a BIN listing and includes the "Make Offer" option, he will accept a lower offer than what his BIN price is. However, what if a seller includes the "Make Offer" option in a bidding auction? Does he expect the buyer to offer a higher price than his opening bid (or) will he usually accept a lower offer like the BIN seller does?
3 comments
woodland_gnome
·2 years agoIf the seller sets his/her Starting Price at his/her true minimum (generally the best strategy), a Best Offer would need to be higher than the Starting Price to get serious consideration. But other sellers will set the Starting Price above what s/he is willing and able to sell for, and then might accept a lower Best Offer. Since eBay doesn't display the actual price of an item sold by Best Offer (showing the Starting Price if an auction or the Buy It Now price if a fixed price listing) you'd need to be a long-distance mind reader to know which camp your seller is in.
ETA: And some follow eBay's bad advice to start low to attract attention and start auctions at less than s/he is willing to sell for, quickly getting into trouble.
jukethebox
OP2 years agoThanks! for your quick reply, gnome. Yeah, that's always bugged me that I can't see what the "accepted best offer" price was. If eBay doesn't want to give the exact best offer selling price, they should at least rank the sold item (in the "Price + Shipping - Lowest / Highest First" categories) by its "best offer selling price" even though they may only want to print, as the price, the original BIN (or) opening bid price......(if I said this right to make sense.) This might give us a 'somewhat accurate', rough idea of what the best offer price was.
rock.star
·2 years agoEBay has never shown the best offer price and never will. What a seller accepts this time may be different next time around.