Has anyone here ever marked up an item to an exorbitant amount and had someone buy it?

[bonddm_07]

I don't think I would do something like that but I wanted to see if there were any stories out there.

[Anonymous]

I do that, rarely though, when I have no clue what the value is. Some of the items I sell were made in the 1800's so it's very hard to put a value on them as they are have somewhat low demand.

[aeparts1]

Do you mean marked up an exorbitant amount above what I paid when I bought the item to resell, or do you mean marked up an exorbitant amount compared to what other similar items have sold for?

[mtgraves7984]

I have. If you bought it real cheap, but the value is high.

[house*of*paws]

Hi @bonddm_07 

Buy it … yes.  Pay for it … no.

I ‘m a buyer only.  I once was answering a question about how some sellers raise the price to a ridiculously high amount when an item is out of stock … to keep people from buying it.

While checking out a few of these listings quickly  … I somehow managed to ‘buy’ a $10 item for $700!  😳  [Prices approximate.]

It was the first time I ever asked a seller to cancel a transaction … and I was enormously grateful that they agreed quickly.  😅

I don’t know which of us learned the bigger lesson from that experience.  LOL

[hartungcards]

I haven't, but I hear that's what Big Oil is doing to hundreds of millions of people every day.  And apparently business is booming.

[Anonymous]

The price you pay is the value it is to you. So what may be exorbitant to one could be a bargain to another, even at the same dollar amount.

[1tuna]

I normally buy 300-400 boxes every 3 months.  

I went in to the old listing  and hit buy again except the price was like tripled.  it was a placeholder price for out of stock

somehow the buyer was able to refund me and not leave a trace of payment. they are a huge seller and it was like the listing or payment just evaporated.

I was grateful that this happened  because I did not even glance at the price..I just hit buy another

@house*of*paws 

[onefootflipper]

After Christmas was over I put all my ornaments away in storage, tripled the prices on all of them so they wouldn't sell but I could keep the listings live and I still ended up selling quite a few of them in January and a few last month.

[bonddm_07]

Did you mean to buy it or was it an accident?

[donsdetour]

hmmm: new a dealer in books that their Lister missed the decimal  point. It sold for them two points left out,

It would have been $29.95, instead it sold for $2995.00 so yes it can and does happen...

The owner even gave the listed a bonus...

[house*of*paws]

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@bonddm_07 wrote:

Did you mean to buy it or was it an accident?

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@bonddm_07 

A totally mortifying accident.  

I was intending to look at previous ‘items sold’ prices … and clicked on the BIN instead.

I still haven’t figured out how I confirmed the BIN … so I can never again mock a buyer who claims to have purchased an item ‘accidentally’.  LOL

[Anonymous]

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@house*of*paws wrote:

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@bonddm_07 wrote:

Did you mean to buy it or was it an accident?

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@bonddm_07 

A totally mortifying accident.  

[I still haven’t figured out how I confirmed the BIN … so I can never again mock a buyer who claims to have purchased an item ‘accidentally’.  LOL]

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HAHA. It probably happened before the immediate payment required days. 😃

[monica-sells]

interesting topic.....

yes, I listed an item for a 'specific' customer.....we are in different time zones (australia for him, US for me), so they were not sure when they could get to it....So, I listed it for 499.00 (a 99.00 item) and they would simply make a 'Best Offer' for the 99.00 when they got to it and I would accept it....

Someone actually used the Buy it Now for 499....I was flabbergasted

[Anonymous]

I've gotten in the habit lately of pricing my obscure items at a price I would "LOVE" to get, waiting for watchers, then sending offers to the watchers for prices I would "LIKE" to get, which is usually still higher than what I would have listed them for in the first place.