| T O P I C R E V I E W |
| B112 |
Posted - 01/24/2008 : 15:14:26
Hey guys based on the analysis which Zippo did on the "New Guy is Prey" post, where I was explaining why I developed a price guide, should I lower the average price for a hydrolift from "Hydrolift $300 (this was the common price, may be lower)" to a range of "$200 to $250 (maybe lower)"?
I was intending this forum to be focused on developing a price guide over time. Watching tractor sales is a good subject also. What I wouldn't want to see happen is that we try to "control pricing". It's really meant to be a guide to help the new guys and as Zippo said, maybe some of the older ones too.
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| 5 L A T E S T R E P L I E S (Newest First) |
| skunkhome |
Posted - 01/26/2008 : 16:18:16
quote:
Originally posted by jac
When you bid on ebay, you are seeing things through someone elses eyes. I prefer to see it myself, and go from there.
Jack
That is nice to be able to do that, but then again you live in a sea of Simplicity and AC parts and old tractors. Most down here have never heard of either. When people see my tractor they usually say "oh! that must be just like a John Deere!" |
| jac |
Posted - 01/26/2008 : 09:52:00
When you bid on ebay, you are seeing things through someone elses eyes. I prefer to see it myself, and go from there.
Jack |
| B112 |
Posted - 01/26/2008 : 07:05:59
Jac- thanks. I purchased a couple of Hydrolifts in around 2004-5 for around $300 each (winning on ebay, funny but the same vendor too) and after that I bought parts tractors with them in them. I did watch them closing at that price then. So your highlighting of "over time" works for me.
Allisstuff- thank you. I agree that experience will out weight a price guide. Over time, price guides will never beat experience... they will always be a guide. |
| allisstuff |
Posted - 01/25/2008 : 19:31:15
It doesn't really matter what you revise your price guide to. The market will determine what an item sells for. And I really think that any price guide only serves to upset people. Everyone thinks their item is in excellent condition for its age, but to the average person they might rate it as fair to poor. So the guy selling it is upset because he didn't get his top dollar or the guy buying it had to pay much more than he really felt it was worth in order to obtain a needed part. In either case, one is bound to be upset.
If you wanted something and bid $200 and it sold for $200.50 would you be upset? Maybe. You think you got outbid for $.50, but what you don't know is that the other person wanted it real bad and had a high bid for $400.00. So the next time you see one, you think I'll bid higher because I really want it so you bid $300 and you might get it for $225.00. At that point you are happy, because you won it and you didn't have to pay as much as you were willing. It might take a couple of tries to get what you want, but you can't factor in the overall condition of a used part. That is a very huge factor in determing how much you are willing to spend. Regardless of what an item is determined to be worth, you have to consider if another one will ever show up. That will also affect the price. But how would you know that you haven't seen one of those in the last 2 years if you are not monitoring the sales.
You simply can't replace experience with a price guide, no matter how you try.
I've bought several items and paid more than they were worth once I actually got them and had a chance to examine them. But, I bid on them and I went through with the deal, even though I could have simply walked away since I was paying cash at pickup. Live and learn I guess. On the other hand, I've actually made some relatively good deals. In all cases I have been the buyer. As a seller of a couple of higher dollar items, I set the price and see who is willing to purchase it for that amount. If it doesn't sell, I need to determine if I'm asking too much or the time is not right to sell it. The market will balance itself out. I've yet to have someone offer me more than what I was asking. You just need to compare the prices between various manufacturers on ebay. John Deere parts consistently bring higher prices than most others and they are not necessarily in pristine condition either. |
| jac |
Posted - 01/25/2008 : 08:20:34
Michael,
The average over time is right. Zippo may be at the low end in his area. Your price guide gives me an idea about where things should be. Just my .02.
Jack |
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