Buy it Now or Auction?

I’m a huge advocate of auctions. In most cases you will achieve a higher price by auctioning an item than you will by setting a fixed price. I’m no psychologist but I think buyers get caught up in the competitive, almost gambling nature of an auction and will often nudge their budget just a bit higher in order to ‘win’.

I also like setting auctions to start from 99p. This encourages lots of lower end bids. When a buyer sees that an item has attracted several bids already, it makes the item seem more attractive. Of course if you can’t afford to let an item go for less than a certain amount, then don’t risk it!

Today I just popped into one local charity shop and picked up the following:

  • American Vintage t-shirt
  • COS dress
  • Patagonia shirt
  • M&S cashmere jumper
  • Baum und Pferdgarten dress

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