@ten_o_nine wrote:
I think the problem is with ebay views. If you list a 7-day auction starting at 99c for an item that is worth $50, you'd expect the bid to be around $25 after 5 days, but if you get a 99c bid and 7 views in the first hour then you look 5 days later and it’s the same 7 views and same 99c bid, how's that a fair auction? It's ok to block views on BIN but not auctions. I think ebay wants it to sell low to make buyers happy, and then they can tell their friends "I got it on ebay for 99c"
If I found a 99 cent auction listing that I was interested in the very last thing I would do is bid early!
It's easy to blame eBay for a lack of views and/or action but it's more likely that while the item might be "worth" $50 it's only worth that if there is a buyer who actually wants it.
eBay makes most of their money via FVF and their most important metric for investors is GMV, the lower the selling price the lower these metrics will be, certainly not in eBay's interest.
The last time I started an auction at 99 cents it had no bids at all up until the last hour (a single bid), in the last 5 minutes it went from 99 cents to $1400.
