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Ebay Auctions- I don't get it.

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Forum topic by Tedstor posted 259 days ago 1114 views 0 times favorited 22 replies Add to Favorites Watch
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Tedstor

1369 posts in 1230 days


259 days ago

SO I’ve been in the market for a Veritas Mk II honing guide. It sells for $68.50 on the Lee Valley Website.
Since I like to save a buck whenever I can, and I don’t mind buying used tools, I’ve been stalking ebay for said product.
The last auction I followed ended at $66 plus $10 in shipping.
Why would someone buy a used tool, on an auction format, only to pay 95% of the new, retail price?
And Lee Valley offers free shipping on a semi-frequent basis. As matter of fact, they are offering it right now. So I can get the honing guide for $68.50-shipped.

And this honing guide is only one example. I commonly see Lie Neilsen/Veritas planes selling for 90%+ retail value. I’d think that if somone was willing to pay $300 for a used jack plane, they’d be THRILLED to pay $325 for a new jack plane.
Am I missing something?


22 replies so far

View a1Jim's profile

a1Jim

111999 posts in 2174 days


#1 posted 259 days ago

When I use to frequent e-bay often people would pay 2 times even 3 times retail for used items. I guess some people don’t bother to check the new price on things before bidding. Sometimes we are mistaken when we think people have common sense .

-- http://artisticwoodstudio.com Custom furniture

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404 - Not Found

2544 posts in 1567 days


#2 posted 259 days ago

Well the old saying goes ‘a fool any his money are soon parted’, I guess if someone can’t be bothered to research what an item costs or is worth or just has blind faith that eBay is the cheapest way to buy stuff, then they really have no-one to blame but themselves for paying over the odds.

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Bill White

3342 posts in 2558 days


#3 posted 259 days ago

See my post about Craigslist nuttiness.
Bill

-- bill@magraphics.us

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crank49

3337 posts in 1568 days


#4 posted 259 days ago

The last two elections verified to me just how ignorant at least half the country is so, yes there is a market place out there with about 150 million idiots in it that are eager to be sold a bill of goods.

Just sayin.

-- Michael :-{| “If you tell a big enough lie and tell it frequently enough, it will be believed.” ― A H

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Rick

6455 posts in 1630 days


#5 posted 258 days ago

Basically They’re Stupid! Especially when you can get on your Computer and in ten minutes or so find out what every Retail Outlet out there is selling it for. Maybe even find it on Sale!

Just to be clear, we’re talking about New Products here, or slightly used ones.

The other disadvantage is that when your product arrives (E-Bay) and there’s something wrong with it….GOOD LUCK getting it remedied!

If you paid through PayPal, which most Vendors on E-Bay want, that’s another little Pain In The Butt you’re going to have to “Fix Up.”

As most of you probably already know PayPal is owned by E-Bay.

-- COMMON SENSE Is Like Deodorant. The People Who need It Most, Never Use It.

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TopamaxSurvivor

14588 posts in 2273 days


#6 posted 258 days ago

Not the money, ego…gotta win! ;-)

-- "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

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Tedstor

1369 posts in 1230 days


#7 posted 258 days ago

You’re probably right topmax. But I’ll never wrap my mind around such silly mentality.
I typically just bid what I’m willing to pay. If I win- cool. If not- oh well. I’ve never been tempted to chase a product, to astronimical levels, just for the satisfaction of ‘winning’.

The only other explanation that I’ve come up with would be people that have money in Paypal accounts, don’t necessarily have the option of buying from certain vendors with PP funds. And if said person doesn’t have a credit card, then buying through ebay might be the only play.

View poopiekat's profile

poopiekat

3556 posts in 2332 days


#8 posted 258 days ago

As I understand it, there are circumstances where a buyer in Europe or Asia may find it a better deal to purchase through eBay. Either due to a lack of local availability, no international shipping options, or to escape those fees charged as an EU member, some people in the world might find an eBay purchase to be their best option. Even if close to retail, it can be a better alternative.

What might look like stupidity to us may actually be the best practical choice for others. Heck, even in Canada I sometimes have to look for alternatives to get things I want that are tough to come by here. Dunkin Donuts ground coffee, for example. UNAVAILABLE here. I’d pay a bit of a premium just to get some delivered.

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

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TopamaxSurvivor

14588 posts in 2273 days


#9 posted 258 days ago

I have seen the same thing at live auctions. People buying a worn our B&D drill for the same price they could get a new one.

-- "some old things are lovely, warm still with life ... of the forgotten men who made them." - D.H. Lawrence

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Pimzedd

436 posts in 2401 days


#10 posted 258 days ago

Went to an auction last spring that had several pieces of either new or almost new Rigid equipment; table saw, bandsaw, drill press. All went for over in store prices. Go figure.

Still worked out for me. Bought a Stanley #48 tongue and groove plane for just under $30; probably worth at least $70. No one knew what it was including me!

-- Bill - Mesquite, TX --- "Everything with a power cord eventually winds up in the trash.” John Sarge , timber framer and blacksmith instructor at Tillers International school

View lateralus819's profile

lateralus819

1303 posts in 487 days


#11 posted 254 days ago

I was wondering the exact thing yesterday while on the bay. Was checking at a LN #8. New price is $475. The last i looked at the current bids, the price was at $473 including shipping. Still had an hour to go. Can’t understand that one…

-- Never confuse mistakes with failure. Kevin

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CharlieM1958

15655 posts in 2816 days


#12 posted 254 days ago

You are absolutely correct about only bidding what you think is a good price for the item.

It’s very difficult to catch a bargain on eBay anymore, especially if it is a popular item. One strategy that has served me well is to wait until the very last possible second to put in my maximum bid. If you just put in your maximum bid a day or so before the auction ends, someone is bound to come along and outbid you. Most of the time, an item will go above the maximum I have in mind before I ever put a bid in, but every once in a while I sneak up on a deal.

-- Charlie M. "Woodworking - patience = firewood"

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Tedstor

1369 posts in 1230 days


#13 posted 254 days ago

Indeed Charlie. The best deals I’ve gotten via ebay have either been:
- A low priced “Buy it now” sale that was JUST posted.
- An item that was in the final moments of auction that somehow flew under the radar.
Of course, in either case, you have to stalk/haunt ebay.

View Rick's profile

Rick

6455 posts in 1630 days


#14 posted 254 days ago

Totally Agree with the “Buy It Now” Concept when you know what the Real Retail Price Is!

-- COMMON SENSE Is Like Deodorant. The People Who need It Most, Never Use It.

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RockyTopScott

1123 posts in 2076 days


#15 posted 254 days ago

@Crank49:

The last two elections verified to me just how ignorant at least half the country is so, yes there is a market place out there with about 150 million idiots in it that are eager to be sold a bill of goods.
Just sayin.

Very prolific Crank and so sad but true.

-- “When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.” ― Thomas Sowell

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