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Thread: $0.01 starting bid

  1. #1
    Peach (Level 3)
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    Default $0.01 starting bid

    Have any of you guys won an auction for $0.01 and do you feel bad if you know it worth more than a penny?

    And from you sellers, wouldn't it be better to start the bidding somewhere near the real value of the item?

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    Great Puma (Level 12) Darth Sensei's Avatar
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    I did. I won a bunch of Nintendo Power Mags for 5 cents.

    I picked them up and gave the guy a buck but I felt funny about it.

    Dave
    DP Feedback

    I am Darth Sensei on Xbox Live as well.

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    Strawberry (Level 2)
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    Default

    It has been awhile, but there was someone who bought some games for 1 penny and the seller offered free shipping. I am sure the seller never started his auctions at 1 penny after that.

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    Crono (Level 14)
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    I've bought quite a few DVDs for that penny starting bid. I don't feel bad at all. The seller made his risk knowing it could happen.
    Seeking display quality copy of I Want My Mommy for the 2600... if you have one, PM me, I will pay/trade well.

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    Flawless Rawkality Flack's Avatar
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    I've never started my auctions at .01. The ones I start at .99 usually consist of things I was going to throw away. I just listed a Pantera shirt that hasn't fit me for about seven years on ebay for .99 cents. It's currently at $7+. You win some, you lose some. Last year I sold an old Tracker 250 tape backup (120 meg uncompressed, 250 meg compressed) for 99 cents. I grossly underestimated shipping, so the guy sent me $5 and it cost me $10 to mail it to him.

    Do those .01 auctions have money built into the shipping? I accidentally bid on a Star Wars figure once for .01 and then saw that shipping was $12.

    Flack

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    Apple (Level 5)
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    Well, the lower bidding price seems to draw more bids, which can smetimes lead to pointless bidding wars, and getting much more for the item. That's probably the motivation. Personally, I start everything below $10 just to get lower listing fees. I've never sold a big ticket itme either.

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    Kirby (Level 13) Griking's Avatar
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    Default

    I've found that the quoted shipping charges are usually more than the game is worth in most cases.

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    Peach (Level 3)
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    I will only start items at $.01 if im trying to get rid of it and don't care about the item. I usually start an item around my cost. If anything happens I at least get my money back.

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    Default

    I always start everything at a buck, unless it's worth WAAAY more than that.

    Everyone is willing to bid on something under $10, but hardly anyone blinks when it starts off at more than $10 (depending on the item, of course).

    Kristine
    "I am way too lesbian for that shit."

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