Over priced items

[klez]

Is there something that can be done about items that that are extremely overpriced with wildly incorrect information about their rarity? In Stamps you have items that are worth maybe 1c, selling for thousands of dollars. 

[redlinear]

If they are selling, they are not overpriced.
If they are not selling, they may be overpriced.
I don't think you can price other peoples stamps for them though

[heckofagame]

Items are worth whatever someone is willing to pay for them.

[slippinjimmy]

The "something" would be to not buy them!

"selling for thousands of dollars"

I think you mean "listed" rather than "selling", If anything on eBay or anywhere else is overpriced they generally never sell, eventually these sellers just complain about how nothing is selling and they go back to having a day job with a regular paycheck.

[ebooksdiva]

If you don't like the price of something or you think their descriptions are incorrect you can always  hit 🔙 and find the item elsewhere,  to fit the price you are willing to pay and have descriptions you are comfortable with.  

[redlinear]

Now, if it was something essential during an epidemic?   That's different.

[maxine*j]

Sellers can price their goods however they care to.  Buyers can pay sellers' prices or not.  It's as easy as that. 

Buyers who are worth having, who pay promptly for their purchases and give you no grief, are the ones who have a good idea of reasonable and fair prices in their areas of interest.

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[dbfolks166mt]

     Probably unlikely eBay is going to do anything about it that would be shooting themselves in the foot, so to speak, if it sells for that high amount eBay naturally gets their FVF's. The other possibility is this is part of a money laundering operation although law enforcement has caught onto this. 

https://www.justice.gov/usao-ma/pr/springfield-woman-sentenced-reselling-stolen-goods-and-money-laun... 

https://www.occrp.org/en/daily/6847-isis-laundered-money-into-us-using-ebay-investigators 

[frankenhobbit]

Why would you care what their items cost if your items are cheaper? It's great for you.

Don't waste your life trying to be the eBay police. The free market and eBays MBG have that pretty much covered.

[12345jamesstamps]

Nope...nothing can be done.

Look at your items listed...and items that you have listed of what "you" think they are worth and being listed of value. If a person list an item for $1000. but is worthless it still shows the seller has value of $1000. of what he is selling in eBay on his platform. Thus...helps in selling other crappy items that are not selling a lot. Seller can increase the number of items to sell vs. his "value" items listed. Algorithms can't really understand this.

Opens up "available funds" for seller to receive as well.

Its like I list my hotel worth 1 billion but its only worth 1 million...gives you more options on benefits.

I usually check most expensive stamps for sale...and laugh looking at them.

And never question a seller about those overpriced items....that seller can return with a vengeance of anything to your store. More or less...keep silence to that seller.

[kensgiftshop]

All that can be done is to find a seller with prices you like.

It might show they are being sold for those prices, but are they being paid for?

[thelongball]

You also never know what a seller paid for something. Another thing is something called sentimental value. Sometimes people fall in love with what they are selling or have a attachment to it. Usually happens with inherited things. A man tells his wife for years how much his collection is worth and then passes. The wife is then left holding something that she thinks and was told was worth alot. Do you want to be the one to hurt her feelings. Just move on and she will figure it out on her own. 

[stainlessenginecovers]

Seller is probably using that 'overprice' as a 'placeholder' (not allowed, but it's done all the time) because they are 'away' (and don't know to use 'time away) or temp out of stock or or or....)

[12345jamesstamps]

Here's the big problem....some buyers do a search...highest price items...and these show up at the highest price items for sale...even though they are worth a penny. LOL

And then there are the "Promoted Items"...where sellers list them as very expensive...and will never sell...but show up on seller's page because they are promoted maybe at 75%...but the seller gets their store for lookers.

It is a problem.

[buyselljack2016]

My question would be............. what do you want to be done?   and then, why?