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Ebay to Blame for Reseller Prices? My thoughts

Oct 24, 2012 · 4.2K views

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Shoes

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DescriptionThis is a vid i wanted to do regarding the crazy prices of sneakers now a days. IMO it is mostly because of the way EBAY is structured now to allow you to have a BIN (Buy It Now) price for shoes with NO CAP. Back in the day they woudl charge you a fee based on how expensive you set your BIN price to. so if it was oveMore
This is a vid i wanted to do regarding the crazy prices of sneakers now a days. IMO it is mostly because of the way EBAY is structured now to allow you to have a BIN (Buy It Now) price for shoes with NO CAP. Back in the day they woudl charge you a fee based on how expensive you set your BIN price to. so if it was over $100 you had to pay a couple dollars for the listing of the shoe. now a days you pay nothing to list, only pay if you sell the item. the other part of this as to why it is a problem is because of our natural ability to want to find a good deal on something. so if we see a pair of shoes listed for an outrageous price of $2000 - $3000, but we end up getting it for $600 - $1000 we feel like we got a deal. So i think Ebay is allowing people to set false prices on shoes and bumping up the perceived value of the shoes listed, preventing people to just bid up a shoe to a price where people actually would pay for the shoe and in turn setting the market price. now that doesnt mean you cant find a deal on ebay! but its become full of way more shit that it used to be. What are your thoughts on this? its obvious there are other ways people buy and sell, but its fair to say Ebay is the template for market price for goods. flight club and craigslist will probably adjust to the prices off ebay.

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