Ridiculously overpriced

[swtdls4u]

Does anyone know why Ebay allows some sellers to overprice items by thousands of dollars?

Example: sellers have an item listed at the correct price of $24.00, there is one seller who has the same item listed for $2,499.00 U.S. Dollars. I have seen this with many items. No matter what I search for there is always the one selling for thousands over that the item is worth. Why is a seller allowed to overprice by such a high amount?  I doubt that person would make any sales so it might be not an actual seller, but Ebay shouldn't you be on top of that and delete the account?

[gone.c-33]

Sellers will often do this when running out of inventory instead of ending a listing.

[bonjourami]

Why would Ebay delete the account? Thats obviously a seller holding his place in the index listings,many sellers do this until they can provide the item for bidding.

[nobody*s_perfect]

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@gone.c-33 wrote:

Sellers will often do this when running out of inventory instead of ending a listing.

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Especially if they are not aware of eBay's "Out of stock" option which was specifically designed to help sellers preserve the selling history and watchers for a listing that is temporarily OOS.

[az93]

They may have meant to say $24.99. I've done that myself. 

[lakefor94]

Some sellers post a ridiculous price so no one will buy it and they can keep the listing up while they wait for more inventory to arrive.

No rules against doing that.

The only thing eBay looks at is price gouging on common necessities during a crisis. 

[stainlessenginecovers]

There is nobody at ebay that 'watch' pricing (of over 2,000,000,000 (that's 2 BILLION with a B) listings which would be more than impossible. 

[nobody*s_perfect]

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@swtdls4u wrote: ... sellers have an item listed at the correct price of $24.00, there is one seller who has the same item listed for $2,499.00  .... Why is a seller allowed to overprice by such a high amount?  ... Ebay shouldn't you be on top of that and delete the account?

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That seems like a drastic response to a price that might be just s typo or an awkward way to avoid sales on an out-of-stock item.

eBay has no particular motive for bothering to address drastic overpricing, since (as you noted) the item won't sell at that price.

[slati_2013]

I don't see the issue. If others have the price very low, buyers should just buy the low price item and ignore the high priced one. Also know eBay offers lots of items at way off the MSRP. If you google lots of items, the price new of the manufacturer and eBay could differ by several hundreds of dollars.

I sell items where if you bought it from an authorized online dealer could cost you well over $1000, but you can buy the same thing from me for $100.  I also suspect some sellers who are authorized to sell items on eBay have no choice in the pricing.  

[fbusoni]

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@swtdls4u wrote:

Does anyone know why Ebay allows some sellers to overprice items by thousands of dollars? 

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I suspect because its a free market system.   

I know about the listings you refer to.  Nonsensical stuff.   The seller either cannot tell the difference between a first edition Hemingway and a Barnes and Noble reprint, or he / she is a wannabe huckster and thinks (perhaps correctly?) that there will be just one buyer out there who is enticed (if its expensive, it must be worth every penny).   

Or perhaps they just seek attention.  (There's been a lot of that lately here on the forums 😂).

[redlinear]

I do that for attention

[bonjourami]

Now if you are talking about Ty beanie babies, or Corningware dishes being way over priced on Ebay, that I would agree with! But those are laughable, and not a problem.

[vintage_sterling_spoon_rings]

Does anyone know why Ebay allows some sellers to overprice items by thousands of dollars?

They're typos... Sellers beware, it  you don't look at your listings when they're up and running it's no ones fault but your own.

[funfactorychannel]

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@bonjourami wrote:

Now if you are talking about Ty beanie babies, or Corningware dishes being way over priced on Ebay, that I would agree with! But those are laughable, and not a problem.

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whats wrong with my 5k beanie baby and 40k corningware? they can never be replaced!

[tinsoldierunderground]

Simply stated, sellers can put whatever price they want on their items, barring essentials in a crisis situation.

Ebay, like the rest of our free market economy, doesn't dictate pricing.