Please help me understand

Ok, here is another example I would consider as over bidding (Please, I mean no disrespect to anybody. I'm just having a very hard time understanding some of these (in my opinion) crazy bids)

Up for auction is a very nice pin: Pin# 93030: DSF - Pin Trader's Delight - Ray (LE 500)
24 Trading / 103 Wanting ($40 price on Ebay with free shipping right now)

One person offered one pin for it then another person stepped in and added 24 more pins to that persons bid. That's 25 pins in total, that's more pins then some people have in their whole collection...lol. That to me is a crazy bid, 25 pins for one pin. Maybe I'm wrong thinking it's a crazy bid, and if so then I'm really confused.

It depends on what you like and what you know the auctioneer likes.

I have a family of traders, my little sister and my grandmother. Many people know this and if I have an auction with a pin from her collection they know I'd much rather have 100 hidden mickeys over the best les for her. My grandma DORS NOT UNDERSTAND le values and only likes a pins astjetics, so if I auction a pin worth 40$ I usually will get that in non le pins because that's what we like, and you would obviously get more.

the whole thing is to that you have to think about is.....did they get their pins at cost? See if say you went to the lm release at dsf and got a whole set for trading it only cost you 85$. While it would cost someone else on the secondary market 150 - 300$. So if you were auctioning an 85$ pin, but wanted the Ariel pins, one might bid the whole set reguarless of the NOW value, because it only cost them a little.

I understand what your saying but I guess I'm looking at it as a money value. 25 pins at a average value of $5 is $125 and I can buy this pin right now on ebay for $40. I guess that's what is not making sense to me. But like I said, I'm looking at it as a money value. To me, sale the 25 pins at $5 each, buy that pin for $40 and still have $85 left over to buy more pins.....

It's easier to trade pins than to sell them, pay fees, and then buy the pin you want. It's more work, and no guarantee that you will sell them, either.

I do understand that also but to throw out $85 worth of pins, I just can't afford that nor do I understand it.

Tbird said:

I understand what your saying but I guess I'm looking at it as a money value. 25 pins at a average value of $5 is $125 and I can buy this pin right now on ebay for $40. I guess that's what is not making sense to me. But like I said, I'm looking at it as a money value. To me, sale the 25 pins at $5 each, buy that pin for $40 and still have $85 left over to buy more pins.....

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BUT say you sell all of those pins. If you do on ebay or paypal you face fees. Many of these five dollar pins are sold with free shipping which means that seller is only generating 2.50 or less from that pin. There is the hassle of packing and shipping all of those pins if they sell individually and you also have to try to beat other prices to be competitive. All in all you're going to spend alot more on shipping, the hassle of packing and everything else and you will NOT make back 125$.