Price driving and valuations
What is my retro item worth?: This is a $64,000 question (not literally though :smile: ), 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.