- 10,580
- 7,874
- Joined
- Jun 9, 2014
auctioning doesn't really kill resale. it def puts a damper on the number of people who are able to purchase for resell because of the higher prices but by looking at it through a basic business viewpoint, low supply equals high demand. They'll auction off at an average price and some people will lose because they didn't put the highest price they could have paid for em but put just the amount they felt would win. They'll lose but still have funds to pony up to buy from somebody else because they got it like that.
Avg auction goes for 4k and some people can afford to drop 6k on em because every one isn't going to sell for 4k and everyone who bids won't win. So that's why somebody would pay 7k for an auction they lost at 5k.
Avg auction goes for 4k and some people can afford to drop 6k on em because every one isn't going to sell for 4k and everyone who bids won't win. So that's why somebody would pay 7k for an auction they lost at 5k.