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whybee
Let me start by saying, I am not complaining one bit about this. But it got me thinking. Has this happened to anyone else on here?

I bought a Fr. 91 on eBay super cheap, got it graded and planned on flipping for a little bit of cash since I already have a nice example of a Fr. 91. So I post it for sale at a starting price of $50 profit for me and a buy it now price of $240. A week later, the note sold for $285.

I imagine this happened because someone placed an automatic bid over my buy it now price, but that got me thinking...why would someone do that!?!?! Has this happened to anyone else before?
Mike
Interested in Maryland nationals and obsoletes
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Dan Cong
EBay May remove the buy it now option once a bid has been placed. 
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MaineJoe
It's happened to me. But like Dan said, after the low opener is placed the Buy Now goes away. So from that point bidders after the opener have no idea there was a BN, unless they saw the listing before the opening bid.
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tigertrader
Dan Cong wrote:
EBay May remove the buy it now option once a bid has been placed. 


Only seen it happen where this occurred first.

Either way great for you!
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TookyBandit

+1 congrats! 🥳 


tigertrader wrote:


Only seen it happen where this occurred first.

Either way great for you!

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MEC2
Yep, happens a LOT - first bidder wants to get it for under the BiN, later bidders are willing to pay more than the BiN. First bidder may have remorse, but they know when they bid, those are the shakes... I have been the first bidder...
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currencytreasures
It happens sometimes.  If I saw your item (opening bid of $50, and Buy it now of $240) but I was willing to pay up to $285, I might see an opportunity to still get it for less than $240.  

I make a token opening bid for $50 (removes the $240 BIN), and set a snipe for $285 later.   If there is little activity or a low underbidder, I could get it for cheap, maybe $190 or 200.  Or, I might have to pay more.  Maybe someone even outbids me.  But that's a game buyers are willing to play sometimes.  I could have grabbed it for $240, or take a chance that it goes for even less.
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whybee
Thank you all for the insight, I was unaware of that. Definitely worked out in my favor. Now I need to find more new listings that are undervalued as soon as they go live!
Mike
Interested in Maryland nationals and obsoletes
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YoungCollector
By the way, Fr. 91 is a "design 13d" - which I think are the very best looking of the choppers with their great "V" overprint ...
nice to have more than one to choose from!

856C4E7A-44D2-4376-9234-419A733B0D78.jpeg 
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