Thread: Why are people on eBay placing such high bids?

It's psychology. Let's say two people want to buy something, and they both raise half a dollar each bid. Inside their head, they will be going "Oh, another half dollar is nothing", so if they start at 5 dollars, they might end up stopping at 20 dollars, because it never feels particularly more expensive. However, if one of them goes straight from 5 dollars to 15 dollars, the other bidder might not feel like overbidding, because the price had suddenly trippled. So you actually end up saving money. Of course, it's always a bet. The other bidder might've stopped at 10 dollars, you can't know. You need market experience to get a feel for it.

how much do these things usually go for? $100? $150? if they're planning on re-selling these things, they'll easily go to $85+ for profit. ebay has it's own economy, and good deals get snatched up fast.

the short answer is that they do it for money.

A new hauppage runs around 180-200 dollars. This is a used product however from I believe a smaller company.

It does make sense, yes that tripling the price will probably weed out competitors. But damn lol.

Originally Posted by louie54

A new hauppage runs around 180-200 dollars. This is a used product however from I believe a smaller company.

It does make sense, yes that tripling the price will probably weed out competitors. But damn lol.

Well, look at your own reaction. It works.

Lol, yeah you're right XD

I'm just waiting until the last couple of minutes. If the price is low enough for me, I'll place a bid... about .50 more than last one.