Originally Posted by Vudoo
This begs the questions of determing value of ebay goods. How does one determine the correct price for item spotted on ebay. I am sure that one can say a trained eye will know, but many people, myself included, are not built that way. Is there a guide book out there somewhere?
Value is a subjective concept determined by how much someone is willing to forego (in monetary or other resources) to acquire a good or service. Looking at historical prices of prior auctions is one way to approximate value on eBay but ultimately, it's how much something is worth to you. That particular suit is worth $0 to me but perhaps someone out there really likes it and is willing to pay $150 for it, though I doubt it. People have different wants, needs, resources... so value varies considerably. Some people will pay almost full retail for something (NWT) on eBay because they want it. I never pay more than 20-25% of retail for a NWT item unless I really need/want it.