why do people pay more on auction sites than value of item??

[Packet]

Looking for a new video card for my Gateway comp because the old one is not working very well anymore,

and I find people bidding up to $76 on a Normal Voodoo3 PCI card. When, if you check on pricewatch, you can get for $37 + s/h.

Kinda anoying when you are hoping to get old hardware for cheap, and people are still paying $100 for it.

 

[bacillus]

you're right, people just get carried away when bidding for what they want!

 

[rmblam]

Ignorance (is bliss?) and the thrill of the win.

Frustrating for the guy trying to get a good deal.

Auctions suck most of the time.

 

[Adul]

beats me, but I don't mind it one bit.

 

[buck]

Thats why I stay here, the for sale trade forum has it all. Unless I need it right away then I get it new. Bidding sux.
Its funny to watch some boneheads pay $50+ more for something that I just got here.

 

[Deskstar]

It is a well known disease: "auction fever" that often is highly infectious; please take precautions when you are near others who exhibit symptoms of this disease.

 

[Wingznut]

I like the concept... At least when I'm the seller.

 

[Kingofcomputer]

some are stupid,
some are fake bidder generated by the auction site.

 

[Rebels7]

I don't believe anyone is paying more for a hardware item that it is worth on an auction site. I believe that the seller is not getting what he wants for it and the "stupid person" that is bidding more than the item is worth is actually the seller himself!!!


I have actually gotten some items a lot cheaper on auction sites!!!!

 

[Wingznut]

... or an acquaintance of the bidder. But I'm certain that the fake bidders aren't set up by the auction site.

 

[DeepBlue]

I don't know about computer hardware but I got my TI-89 calculator for a significantly cheaper than retail price.

 

[4824guy]

I am sure alot of people don't know where to shop for good prices, or about such places at Pricwatch, or others.

Once it says retail price is $x, then anything below that to some people would be considered a bargin.

 

[Kingofcomputer]

for computer components, those buyers should have at least some pc assembly skill/knowledge,
they shouldn't be beginners, they should know/have researched the street price before bidding, I don't believe they're stupid enough to pay more at auction sites. I believe most are fake bidder to push price, some are really stupid people.

 

[Blayze]

not sure why but I see what you are talking about.

As far as selling on those sites goes I dont mind it one bit

 

[Packet]

selling side it is very good..

but its anoying to search for things and find them more expensive than you could find in a store.
Like a normal 19.99 logitech mouse going for $30

As far as fake bids, I am sure this probably happens. But how effective could it be? If you bid your item $20 over what it should sell at, and no one buys, whats the use?

I like being able to search a large list of used HW for items, (unfortunetly it doesn't work that way on good old anand trader forums) but whats the use if it ends up being $100 for a $40 item?

 

[rickn]

some e-bay buyers are real dinks. I like checking out auctions. Just the other day I saw like 20 bids on a URL to get a GF3 card for $315, and the auction ended with a bid of like $305. LOL

I am gonna start selling "pictures" of GF3 cards with my $30 lexmark printer, I bet I could get rich off them