Fair price to start listing my Solo Mini and 685 speakers?

[admin_exported]

Apologies to WHFSV if this is an inappropriate post (couldn't see anything in the house rules but please put me straight otherwise) . . .

I'm not sure what a fair price would be to start listing my Solo Mini and 685 speakers on ebay? They are both in excellent condition and 2 years old so I don't want to let them go for too low a price, just in case. I have figures in mind for the lowest I'd accept but may be underselling them. Any thoughts?

 

[richardw42]

if you have a figure in mind. Why don't you try a fixed price listing ? I'm guessing somewhere between 400 & 450 maybe a bit more. If you do go with an auction you'll usually find that the right price will result. There always the option to set a reserve price to ensure it doesn't sell for a very low amount.

 

[Anonymous]

If it were my kit I would put a starting price of 500 on the system. certainly worth it. If I wanted to buy it then I would consider that a reasonable second hand price starting point.

 

[Anonymous]

You can roughly Gauge the items popularity by the number of watchers.

 

[MajorFubar]

starting with a very low price won't negatively affect the price an item will achieve.

If I list a Bugatti Veyron it's probably going to sell for pretty much the same amount regardless of whether I list it with a 99p start or a £100,000 start. In fact if anything, it would probably sell for more with a 99p start because of the enormous interest it would attract with such a stupidly low start.

However starting with too high a price, say more than 50% of the expected final value, will deter bidders, even if a particular person would have bid that amount had the start-price been lower. Auction/bidder psychology is a complex study in its own right.

 

[Anonymous]

with well known items like you have i would stick them in a 0.99p auction and let it run, this will generate a bidding frenzy and attract more potential bidders, set it too high and people will focus on lower priced items rather than yours, also sell seperatly and be accurate with your postage prices too.

 

[Scissor_digits]

I have sold 2 x CD players, 1 x amp and 1 pair of speakers on ebay. I've never set a reserve price, always started the bidding at 99p and I've always ended up with a winning bid of roughly what I was hoping to get.

If you're worried that not setting a reserve might mean they go for less than you were hoping for then set a reserve but it's worth checking if there are similar items currently listed and seeing what the winning bid is on those to ensure your own expectations are realistic

One selling tip I've always stuck to it ending your auction at around 8-9pm on a Sunday, something to do with more people browsing on a Sunday apparently.

 

[Anonymous]

Thanks for your thoughts everyone. Scheduled to list in the next couple of days. 'Fraid couldn't take the risk of the 99p start!

 

[Alec]

Thanks for your thoughts everyone. Scheduled to list in the next couple of days. 'Fraid couldn't take the risk of the 99p start!

Totally understandable. If you do it you are saying "I am completely happy if this item only sells for 99p". When the truth may be that you really want to track down the buyer and "'av a word". But it would not have been their fault.

I'm ary of putting too much store in watchers. I've had severalteen on an item (new number, dya like it?) but failed to get a biter before.

 

[Anonymous]

I've sold 100+ various items on EBay, including hifi kit, and I always start at 0.99. I can understand not wanting to take the risk, but I've never had an item not go for a fair price and, more often than not, I get a better price than expected. A reserve or high asking price does of cource incur charges. Either way, good luck! And Sunday evening works well too!

 

[Lee H]

Auction duration and end day/time are actually just as relevant. For more specialist items like these, try and give them 10 days. You should aim to finish the auction on a Sunday evening between around 6:30 and 9:30 (so start on a Thursday night between these hours). You might want to consider allowing bidders to make an offer rather than an outright buy it now.