Market prices

[Diavobro]

So, this morning I put up for sale a Catwoman trading card (foil) for about 0.51 € just to come back home and find that there are 2 peeps who put the same card for 0.46 €..... My question is... WHY DO THAT? why lower the price so much? :| I mean, ok I understand you want to sell the card, "fast", but put it up for 0.50 € , don't lower the price that much, you're ruining the market that way.

[sfnhltb]

If no one bought it at €0.51, why do you think it would sell at €0.50 so easily? In fact if you have come back and seen two people trying to sell at €0.46 that suggests no one has really wanted them at that price either, so their price might still be too high, as far as anyone that looked to buy in the interim was concerned anyway.

Also when the prices are all about the same, buyers have less pressure - if there are copies of the same card at €0.52, €0.51, €0.50, etc. then a seller can wait and see if the price drops more with little risk, even if people buy all the cheaper ones they will only pay one more cent, whereas if there is only one or two at €0.46 and then the price jumps up to €0.51, it is more likely a buyer might feel like they are getting a deal they could lose out on.

So really it depends - if people want to continually have to go back to the market and repeatedly underbid the lowest price by 1c every day (or more) and hope they happen to be cheapest when someone buys they can do it your way, if they actually want to sell them reasonably quickly, they are probably better off actually pricing more aggressively

[Satoru]

The market is user driven.

Ask the users in question why. That's how free markets work.

[`bubsskee`]

yah market price so unfair. .i spent almost 70dollars just to open the DAC immortals. .then sell immo items in cents???? too embarassing. .nexttime i will not buy DAC books anymore. .that so much low price ruin all the market price for now. .can steam fix this unfair price of items??

[ KARR™]

Originally posted by Azkaael:

My question is... WHY DO THAT? why lower the price so much? :|

Because demand is low, the price goes down.

€0.51 is about £0.37
There are people wanting to purchase at £0.19 (€0.26) no-one wants to purchase at a higher price, so either you lower the price or nothing gets sold.

[Diavobro]

From what i recall, you couldn't see that two years ago... i'm talking about the amounts people stated they'd pay for a specific card. You just had the current offers and that was it. If i remember it correctly the next after me was priced at 0.52 :P what i didn't understand was why lower the price so much.

[Start_Running]

Yeah.. it's a rule of retail. If you and the competition are selling the same good. The one that sells cheaper will make the sale. There's always someone who's willing to take a smaller profit.

[Ganger]

I always uncut the prices for a quick sale, I rather a quick sell with hours than wait days for a few extra pennys. e.g. when I sell a trading card and that card is being sold on the market for 0.08p, i always price mine at 0.07p.

[Diavobro]

Originally posted by Ganger:

I always uncut the prices for a quick sale, I rather a quick sell with hours than wait days for a few extra pennys. e.g. when I sell a trading card and that card is being sold on the market for 0.08p, i always price mine at 0.07p.

and i do the same, but to cut prices by 0.01 is one thing. cutting by 0.07 just seems way to much :P

[5Hv3]

e

[Nevermore]

Competiotion? Never heard of that?

[76561198001062896]

Originally posted by -b-u-b-s-s-k-e-e-:

yah market price so unfair. .i spent almost 70dollars just to open the DAC immortals. .then sell immo items in cents???? too embarassing. .nexttime i will not buy DAC books anymore. .that so much low price ruin all the market price for now. .can steam fix this unfair price of items??

welcome to capitalism
its not meant to be fair

[p-man]

I never lower the price. I just go with starting at price. That is the best way to get manna of market. And if the item hasn't been sold ever before I'll put the starting price at a expensive but reasonable cost. I would never lower.

[Noooobs01 ®]

the market is fine..

you have people that sell things for cheap and you have some gamers that put a steamcard/item for a ridiculous price on the market that almost nobody wil buy.

like it or not but the steam market can't be perfect .. so this is what it is.

people even ask 50 dollar for a normal background :P i mean really brahh ?

[Hatake Kakashi]

=)

[Diavobro]

Originally posted by Amigo:

Competiotion? Never heard of that?

ofc i heard of it, but you also need to think things through before acting, you can have competition by lowering your price by 0.01 and not by forcing the market to lower the prices from 0.52 to 0.20 something in one day on an item which was fairly valuable