That's because it doesn't cost anything to keep relisting the item until it sells. IMHO, it is lazy, greedy and obstinate sellers that mostly employ this strategy. They don't really care if they sell the item.If you get zero bids that means your starting price is too high. Lower the starting price when the auction expires. I see sellers relisting the same gun again and again with no bids and they never lower the price.
I sell a fair amount of stuff on ebay and to some, it's the "thrill of the chase", kinda like gambling and competition to some, to bid on stuff.Every so often, I see an auction on GB that confuses me. Say there is a clean used, in nearly new condition Glock, or other in production gun, that is widely available new and instead of buying one of the new ones listed right next to the used one, a couple of people will bid to the point the used gun is more than a new one is. I don't understand it, except maybe it's like when my grandmother would be driving on the highway and just refuse to be passed. She would get really angry, and repeatedly pass the car that dared to pass her again and again. Her last car wasn't all that powerful,and some guy in a new GTO blasted by her and she couldn't catch him, which just enraged her. She actually asked my dad if her would loan her the money to hop up her car. He laughed at her when she told him why.
I know why they do it, but I don't understand how they make sense of it after doing it once. If that makes sense?
He's asking about people buying used guns for more than a new one costs. On local websites that are used to arrange face to face sales you see that where someone wants to buy a gun in a private sale with no paperwork. Since a gun bought on GunBroker would be shipped to a local dealer for transfer that wouldn't be the case. I think the explanation is that a lot of people are impulsive or dumb and overpay for things without doing the most basic price research.As long as the seller feels he’s getting a good deal, he’ll come back for more. Thats why I’m trying to find the best way to sell on GB!!