Help Understanding Ridiculously High Priced Items

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A friend recently asked me to help them sell some of their "rare" Beanie Babies. We looked at completed/sold items to gage the prices. There were some as high as $40,000 that didn't sell but some that sold with Best Offer Accepted that were listed at $10,000. I assume the best offer could have been $1 but no way to tell.

Is this some kind of scam? I can't figure out the motive. Sure, they could just be fishing for someone to pay a very high price but it doesn't seem like anyone is buying at those prices. For instance, there is one listed for $900,000 and the same exact one has sold for $100. The overpriced ones typically have no description and even have sideways pictures.

Is it a way of creating false value and selling them somewhere else? "Hey, these sell on eBay for thousands of dollars. I'll sell them to you for less and you can eBay them." Maybe they say they don't have the time or eBay ability.

I listed some for 7 day auctions at $0.99 with good pictures and thorough descriptions. Only one sold and it was for the 99 cent price. No watchers on any either. Usually, you pick up some watchers on 7 day listings.

I'm just curious if anyone has an answer for what is going on with those crazily high priced listings.

Thanks

mydealtime

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Posted 4 years ago · Edited 4 years ago·Last reply 2 years ago

4 comments

kh-cathy

·2 years ago

0 View listings

Hi everyone,

Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.

Thank you for understanding.

nobody*s_perfect

·4 years ago

145 View listings

The crazy high priced listings just don't get paid for. If you check the completed listing, you will often see the link for "Relisted" at the top. Or if you go to the seller's current active listings, you'll see the item relisted again.

collectfest

·4 years ago

7354 View listings

@nobody*s_perfect wrote:
The crazy high priced listings just don't get paid for. If you check the completed listing, you will often see the link for "Relisted" at the top. Or if you go to the seller's current active listings, you'll see the item relisted again.

great point...

draintub-7

·2 years ago

431 View listings

SOME DEALERS DO GET RIDICULOUS CROOKED PRICES FOR CARDS THAT ARNT EVEN ACCURATELY LISTED. A SECOND YEAR CARD LISTED AS Rookie I JUST WANT TO KNOW HOW THSE CROOKS GET THE HIGH PRICES