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Ebay Pricing Glitch

2

Comments

  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    soolin said:
    Apart from being a high price , and I admit knowing nothing about fashion, what exactly is the issue with the pricing? That seller seems to favour extremely high prices and has a fair bit of positive feedback, albeit it from over a year ago for similarly priced items. 

    Could be those viral Influencer items that people pay a fortune for as someone wore one on Tik Tok or whatever.  
    I hadn't thought of that, yes, i suppose it could 👍👍
  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    cannugec5 said:
    The listing actually states it is a high price as it’s unique and rare. 
    It also states it’s been in storage for a long time and the photograph belongs to another seller !! 

    Ohhh, ok, as soon as i saw the price i just didn't bother doing anything else and came away !
    Another seller .... ok.
  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    soolin said:
    My guess is OP believes there's an extra digit in the price?
    I may be wrong but this looks like a similar listing;
    https://www.ebay.co.uk/itm/155580266741

    I always understood topshop to be teenage/budget fashion rather than Royal command but I might be wrong....
    I’ve seen some viral items go for a fortune , usually because they are from some celebrity line or something. The fact that the seller has successfully sold clothing items at these sort of prices before suggests they know what they are doing. 
    Interesting.
    Hearing views from Sellers is good as you're coming from a different perspective to someone who's only a buyer 👍
  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    Pollycat said:
    Why do you believe it's a glitch?

    Because i, personally, had no idea that the brand sold items at that price point, i suppose others, here, with young females in the family buying these goods already knew it wasn't uncommon.
    And, as another pointed out, presumed it was a decimal point in the wrong place.


  • soolin
    soolin Posts: 75,368 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 3 January at 10:04AM
    I think what this shows us all is if a seller knows their market there is real money to be made. I suspect for most of us if we saw that in a charity shop wouldn't give it a second glance - but there are youtubers out there who do this as a business . They know exactly what to buy and absolutely amaze me that some boring old (to my eyes) jacket goes on to sell on ebay at £600 . I watch them out of fascination, usually while packing my own sales - and I am in awe of their ability to tell 'saleable' clothes from run of the mill. I don't sell clothes at all, far too many problems - but these resellers are fascinating to watch .One I watch gave up a well paying career and makes more money as a sole trader on ebay that he made even accounting for overtime and unsociable hours.

    i also used to know someone who traded in a completely  different line, reckon they could easily made £100k a year buying second hand and reselling. Again I couldn't tell the difference between they bought and what they left in the shop or car boot .

    20+ years ago I bought a box of CDs from a B and M auction for a couple of pounds, got home and when I sorted them out and took the couple I wanted realised that half the box was just the same CD- dozens of them . Checked it out on ebay and to my amazement discovered this was a rare pressing of an early band that featured someone who went on to be famous - it looks like I had a studio box as mine were all still factory sealed. Started listing one at a time on my business account and made enough money for a holiday for the whole family abroad. I had no idea what I'd bought and am surprised the dealers didn't spot it- but the top half of the crate was all just random 'la la ' type music. 
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    cannugec5 said:
    The listing actually states it is a high price as it’s unique and rare
    It also states it’s been in storage for a long time and the photograph belongs to another seller !! 

    It's not rare 😂 It's the style of skirt. It's a Rara skirt.
  • vacheron
    vacheron Posts: 2,756 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 3 January at 8:10PM
    Never underestimate how much people on eBay can overestimate something's worth. Some are opportunists who can spot a real diamond amongst the glass, but some are downright delusional. You'll see it all the time. 

    I'm a bit of a watch collector, and find similar things in my area of interest.

    For example, I am currently watching this atrociously bad fake watch out of morbid curiosity which the seller is asking £1500+ for...It's probably worth £20 tops even when it's not broken!
    https://www.ebay.co.uk/itm/297148362072

    There was also a scam about 20 years ago many years ago where a guy called Terry Allison rebranded the same cheap chinese watch mvoement in the fake above into a brand he called "Montres Allison". Gave them "RRP"s of many thousands of pounds but offered them for sale with "discount opportunities" of "just" a couple of £thousand.

    Again, these were chinese junk and only worth about £50... yet even 20 years later there are still people trying to sell them on to others to try and get some of their money back!
    https://www.ebay.co.uk/sch/i.html?_nkw=montres+allison
    • The rich buy assets.
    • The poor only have expenses.
    • The middle class buy liabilities they think are assets.
  • Momogeew
    Momogeew Posts: 105 Forumite
    10 Posts First Anniversary Name Dropper
    vacheron said:
    Never underestimate how much people on eBay can overestimate something's worth. Some are opportunists who can spot a real diamond amongst the glass, but some are downright delusional. You'll see it all the time. 

    I'm a bit of a watch collector, and find similar things in my area of interest.

    For example, I am currently watching this atrociously bad fake watch out of morbid curiosity which the seller is asking £1500+ for...It's probably worth £20 tops even when it's not broken!
    https://www.ebay.co.uk/itm/297148362072

    There was also a scam about 20 years ago many years ago where a guy called Terry Allison rebranded the same cheap chinese watch mvoement in the fake above into a brand he called "Montres Allison". Gave them "RRP"s of many thousands of pounds but offered them for sale with "discount opportunities" of "just" a couple of £thousand.

    Again, these were chinese junk and only worth about £50... yet even 20 years later there are still people trying to sell them on to others to try and get some of their money back!
    https://www.ebay.co.uk/sch/i.html?_nkw=montres+allison
    Completely agree with all you said.
    I, too, have a couple of areas i follow and it's exactly the same, prospective buyers that are either new to the subject or just naive get ripped off terribly.

  • savergrant
    savergrant Posts: 2,142 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    vacheron said:
    Never underestimate how much people on eBay can overestimate something's worth. Some are opportunists who can spot a real diamond amongst the glass, but some are downright delusional. You'll see it all the time. 

    I'm a bit of a watch collector, and find similar things in my area of interest.

    For example, I am currently watching this atrociously bad fake watch out of morbid curiosity which the seller is asking £1500+ for...It's probably worth £20 tops even when it's not broken!
    https://www.ebay.co.uk/itm/297148362072

    There was also a scam about 20 years ago many years ago where a guy called Terry Allison rebranded the same cheap chinese watch mvoement in the fake above into a brand he called "Montres Allison". Gave them "RRP"s of many thousands of pounds but offered them for sale with "discount opportunities" of "just" a couple of £thousand.

    Again, these were chinese junk and only worth about £50... yet even 20 years later there are still people trying to sell them on to others to try and get some of their money back!
    https://www.ebay.co.uk/sch/i.html?_nkw=montres+allison
    In their own words;
    "The publicly traded company helped fund the design and production of the first Montres Allison watches.  Those first Montres Allison watches were produced in very limited quantities and were overpriced for the movements they contained and their country of origin.  However, Terry decided to only produce very limited edition and custom watches with precious metal cases beginning in 2004."

    Montresallison.com doesn't tell you how to differentiate between pre 2004 and post 2004 watches.
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