Al:
I love that monicker for raising the price when there was no demand in the first place - P.T. Barnum Syndrome.... Brilliant
Unfortunately it is rather prevalent on ebay these days... despite the fact that I have rarely (if ever) seen anything sell for 8 times the original price, which was a "no sale" to begin with! The length of time that most of these inflated "Buy It Now" items just sit and collect dust makes me wonder why the sellers even bother.
Can you imagine anyone on the B/S/T getting away with that? Instead of "
Bump for price reduction" we would have "
Bump to inflate price 8 times higher, due to lack of interest".
I hope I won't be that myopic when it comes time to sell off my collection. My thinking would be to actually
lower the price, in order to sell the damned thing. What a novel idea.... especially if I bought something for $98, and my asking price was $750
