It did not sell/ boo hoo. We'll wait a few weeks and pout it back up. Mike
Mike - its appears that you are too honest to sell effectively on Fleecebay. Most of the power sellers know that you can't get any interest in a fleecebay auction unless you start the bidding at 99 cents (or at most 9.99). So what the secret? The answer is in a technique called "Pump Priming".
You see an awful lot of Pump Priming in the movie posters arena. Watch the weekly sales of those who offer bulk lots of movie posters. It is really quite hilarious to track the auctions such as "the 150 consignment posters I have just listed all starting at 99 cents" and within less than a couple of hours there are opening bids on 149 of these auctions - and all by the same opening bidder. The more sophisticated the bulk seller - the greater number of different opening id bids are used. (To track how this works go to "Advanced Search" then "Search by Bidder" and put in the id of some opening bidders and see whose and how many auctions those ids are bidding on).
It really is a marvelous eye-catching technique. People tend to pay attention to auctions upon which there is activity - even if the bidding is relatively low. The Pump Priming bidder usually just starts the auction out, gets it going a little bit, and then drops out when the bidding reaches a certain level.
And of course Fleabay loves it the higher the bidding gets since higher final value fees are generated - which is apparently why the company turns a blind eye to the Pump Priming. It has become so pervasive it is almost an established business model.
[This message has been edited by muviebuf (edited August 15, 2007).]
[This message has been edited by muviebuf (edited August 15, 2007).]
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