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Wednesday, October 25, 2006

Selling when the market is hot

Frequently items on ebay hit a spike in bid prices. This is common when selling sports/collectible related merchandise for teams that are playing in the playoffs/post season and championship games.

Take a look at Detroit Tigers and St Louis Cardinals merchandise on ebay right now, it is going crazy. World Series apparel and other collectibles are selling higher on ebay than they are directly from MLB.com right now. People get caught up in the bidding frenzy and do not bother to consider how much the item costs new from the original supplier of even their local sporting goods store.

Other waves of bidding occur when events or people are hot items in the tabloids or other news outlets. Waiting to sell that autographed picture of a famous actor you got on vacation a few years ago? Wait until there are a few news stories making the headlines about them and post it on ebay.

For instance, if you have a that new hat you bought during the 1999 NHL Stanley Cup series to sell, do not sell it during the summer when the league is in their off-season, demand for that item will be at its lowest. Wait until the posts season begins and post it for sale with as much detail as possible and watch the bidding!

Take this into consideration when you have an item to sell.

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