Feb
12
How Common is eBay Sniping?
Filed Under Bidders' Tips | Leave a Comment
A study by researchers from Stanford University and the University of Chicago indicates that eBay Sniping is more common than most people think.
The study by Professors Patrick Bajari and Ali Hortacscu, found that about 32% of all eBay bids are submitted after 97% of the auction’s duration has passed. The winning bids are made even later in the auction. Bajari and Hortascu report that the average winning bid is made “after 98.3% of the auction time as elapsed (within the last 73 minutes of a 3-day auction), and 25% of the winning bids arrive after 99.8% of the auction time elapsed (the last 8-minutes of a 3-day auction).
Read more
Feb
11
What’s a Picture Worth? - Part II
Filed Under Sellers' Insights | 2 Comments
How about $180?
To follow up on a previous post, here’s more empirical evidence of the value of including multiple pictures in your eBay auction listings.
Auction listings of cars on eBay Motors of that included 13 or more pictures sold for an average 6% more than those that included less than 12. In the paper* entitled “An Examination of Consumer Behavior on eBay Motors” by Professors Mark P. Sena and Gerald Braun of Xavier University, analyzed a sample of 126 vehicle transactions on eBay Motors. The average final sale price of the 126 auctions included in the study was $8,765. Therefore sellers who did not include 13 or more pictures lost out on an average of $526.
Read more
Feb
8
Sell Your Car on eBay Motors - Earn As Much as a Dealer Would
Filed Under Sellers' Insights | Leave a Comment
According to a study published in the book Contemporary Research in E-Marketing Volume II, there is no statistical difference between Dealers and private sellers in the final sale price of autos sold on eBay Motors. In the chapter entitled “An Examination of Consumer Behavior on eBay Motors” by Professors Mark P. Sena and Gerald Braun of Xavier University, analyzed a sample of 126 vehicle transactions on eBay Motors in which 71% of the cars sold were listed by automobile dealerships.