It happened to me at least once. It was a token, supposed to be $99 and I listed it for $9.90. The good news is, it didn't sting too much because I had bought 1500 tokens that averaged out to $1 a token (with the cheapest ones being worth about $3 retail), so I didn't lose on the investment, just the profit. Live and learn.
But I do have a story about something that happened to another seller a few months ago...
I was looking for a Marc Jacobs purse. At the Hudson's Bay Company they want around $500 for one, with very little selection. While I would spend $500 on a purse, I didn't feel like wasting my money this way. I try to get good stuff at better prices and be happy with the savings. So I came on here and looked around.
Someone had one up for auction with a BIN of $37.50. It was a bit worn in places and definitely used, but in reasonably good condition (acceptable for my standards of buying something used). I was suspicious it was a fake because of the low price, so I checked all the photos carefully. There was one bid of $1 but I'm not going to mess around, I did the BIN and got the purse for $37.50 plus shipping.
The purse showed up, and I called a friend to help me authenticate. (I can authenticate bags by the quality of the workmanship, but I don't know what hardware is used on a genuine bag or anything to determine a fake that way). We determined the bag was legitimate, so all good, I put in my closet to use later.
A few months go by and I'd forgotten about the bag, until I got a new pair of glasses this week. Ironically the frames were also Marc Jacobs (and from the half price section of the store). Then I remembered the bag...
I took it out yesterday and took a look at it. I started wondering again, why did they only want $37.50 if the bag is legitimate? It's $500 new, you'd think they'd want a bit more money than that. Then I realized what happened... the listing BIN was supposed to be $375. That must have really stung... but the seller lived up to their end of the bargain and shipped me the bag, which is what I do when I make this type of mistake.
C.
