Quote:
Originally Posted by bgadow
There is a limit to how many of these can sell for a decent price, but I don't know that things are that bad yet. I'd like to see it listed with a 99 cent starting price, more fun to watch the bidding that way and maybe the most effective way to find the real value of a set at a given time.
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You hit the nail on the head!
I list nearly all my auctions this way, because my feeling is that a no reserve auction starting at $0.99 will end at a price that reflects true market value. An auction starting as high as that one did puts bidders at a disadvantage, and they are less likely to 'bite'. Another way to do it is if you have a high value item you are uneasy about letting go for too low a price is just put a reserve on it, that way if bidding is slow and you don't hit your target minimum the item doesn't sell. This also puts bidders at a bit of a disadvantage, but it's one of the tactics I use at times to determine the market's viability. In other words, put up an item like that with an astronomical reserve so you're sure it won't sell. Then when the auction ends, you can see what people are willing to pay for it, and figure out if you really want to sell it or not. I think it only costs $0.50 each time you do it, which is cheap for high dollar items like this.
It would be a different story if the CRT was confirmed good before the auction, rather than 10 years ago or whatever it was. There's no way in hell I'm bidding on a 15GP22 equipped set if there's any question at all as to its functionality, they are just too hard to find if you need one. Heck, sets using the 21AXP22 are getting more than scarce these days so I'm even apprehensive about those ones. Soon approaching is the day when even sets using glass CRT's will command a premium, I predict it will happen within the next 10-15 years. That combined with a market recovery could send prices for vintage sets sky high, though if you ask me the current political situation will prevent any such recovery from happening in the near future....which is unfortunate, because sets are more likely to be saved when people know they command a premium price on the open market.