Can't sell something? Just put the price up.

[m3jappa]

What on earth is that all about?

If it hasn't sold for x then surely selling it for x and a bit more isn't going to happen.

Couple of examples on my ebay watch list:

Number plate, it was £4300, then get a random offer for £3700. Obviously didn't buy it, now its up for 5k

Rolex milgauss, was up for 5.5k about a year ago. Today it sits at 7.4k

Seen it with cars, houses, all sorts of stuff.

Usually when i cant sell something i lower the price

[Slackline]

If it's more expensive, then it's obviously better. Something I've never quite understood but have probably fallen for many times over the years.

[Johnspex]

You see this all the time on the used car threads.
Someone will refer to, for instance a BMW M3 advertised at £4k.
Someone will point out that's very cheap so there must be something wrong.
So if the advertiser had put it up at £6k it would have been a better bet.
Maybe the guy has no idea or simply needs the money fast.
Just because it's less than one might expect it doesn't follow that its crap.

[Smitters]

There's a house local to me that's been going the same way, over the last two years! Now I understand that the market's moved, but if it didn't sell before...

[alabbasi]

m3jappa said:

What on earth is that all about?

If it hasn't sold for x then surely selling it for x and a bit more isn't going to happen.

Couple of examples on my ebay watch list:

Number plate, it was £4300, then get a random offer for £3700. Obviously didn't buy it, now its up for 5k

Rolex milgauss, was up for 5.5k about a year ago. Today it sits at 7.4k

Seen it with cars, houses, all sorts of stuff.

Usually when i cant sell something i lower the price

Simple logic, most people who respond to classified ads are the bottom feeders. If I'm selling my 05 Mercedes Benz S55 AMG for $8500 and get emails (usually arriving between 1am and 4am) offering $1500? I'm not sure what kind of crack they're smoking ( although it's probably tax payer subsidized given the current environment). Maybe if I raise the price to $16000, I will get a more reasonable offer?

[46and2]

Local car dealer has a medium sized camper for sale at 28500ish and has since, in the past month put it up to 30000, It has been there for months.