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Price Driving
Price driving and valuations

What is my retro item worth?: This is a $64,000 question (not literally though ), and one that has frustrated many an auction bidder on the auction sites. Simply put, the item is worth what the buyer is prepared to pay for it; rarer items tend to fetch higher prices, however, some people tend to add words such as "rare", or "mint condition" in order to justify a higher cost for an item.

How can I get an idea of what it's worth?: OK, this is where you have to turn detective. If you really want to get an idea, be prepared to put some time into Internet searches of forums dedicated to the format of your item, such as Amiga, Atari, Commodore 64 sites etc. Most of these sites have a "For Sale" or a "Marketplace" section where items are sold, these are a good source of information. Places such as Loot, Craigslist, Gumtree etc. are also potential sources of information about what items sell for.

Are auction sites a good source of price information?: Auction sites can also be used as a source, however, bidders tend to get into a frenzy at the end of an auction, especially for a hard-to-find item and this may inflate the price, therefore auction sites generally are of lesser value when working out the potential selling price of an item.

So how does this work on Amibay?: Amibay is not an auction site; on Amibay you state your price and that's it, unless you decide to lower the price or negotiate with a potential buyer. Remember, the item is only worth what the buyer is willing to pay and what YOU are willing to sell for; putting a very high price will likely attract no takers and you may well end up revising your price if you really want to sell it.

Price driving: (claiming an item's worth compared to another site) is not allowed on Amibay. Why, you may ask? Well, each transaction is unique and is not intended to set a market value or a trend; It is simply the end price agreed between buyer and seller at that point in time. Some enthusiasts will know the rarity of a particular item and respect a fair price asked for it; That being said, condition, complete / incomplete, boxed / unboxed, with / without manuals or software etc. may be factors, however age is a given for the item, and some of these factors may not have as big an effect on the final price as you may think or wish for, so please don't be bitter should a premium asking price not attract any attention.

Asking for Estimates: In a similar fashion, asking members and or/staff on Amibay for the estimated worth of an item is a no-no, there is so much that could go wrong with this strategy that could end up starting a flame war, when you are just trying to help. The main reason is that what one might pay for an item where there are an abundance of said items, would be much cheaper than other locations on the globe where the same item could be rarer, thus prices would have to reflect that.
Asking for a value for an item is also a form of indirect price driving and may attract both public and private bidding, which is against the ethos of AmiBay. You will generate more respect from buyers and members if you do your homework and ask a fair price in the first place; asking for an estimate of the value of an item from Amibay staff will result in your request being declined; similarly, requests asking the same from members will be removed and deleted.
Please take time to ensure you are familiar with the rules. If you have any questions, please ask a member of the staff.

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