Vintage Asylum

RE: Why?

76.101.193.55

In Reply to: RE: Why? posted by Phil D on March 31, 2008 at 21:40:53

I start all my auctions at .99 or 9.99 and let the market forces work - there is psychological concept called "emotional investment" - this occurs when bidders bid up the price and the time and effort of bidding creates emotional attachment or need to win the item - only on very rare occasions do my listings sell for less than I want and 75% of time they sell for more

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