Specialist-Big2165 t1_iyaj2ge wrote on November 29, 2022 at 11:29 PM

Another reason I haven't seen listed is that setting a blind minimum educates you to what market value actually is. If I think an item is worth 5k, but the market is only willing to pay 3k for it, I will learn that from setting a blind minimum. If I just start at 5k and no one bids, I never learn how far off the mark I am.

me_at_myhouse t1_iybeppe wrote on November 30, 2022 at 3:29 AM

You could also look at the 'completed listings' option on ebay that shows you what the winning bid price was for the same item.

I usually check for the completed listing value. If I feel the price is fair, I set my item to Buy It Now at that price , and require immediate payment.

Makes the sale quick and convenient. Otherwise you have to wait for the auction to end, and then sometimes days for the bidder to get around to making payment.