eBay selling business model puzzle - Tiki Marketplace

A Alefoot Member Joined: Oct 05, 2011 Posts: 10	A Alefoot Posted posted on Tue, Dec 4, 2012 5:33 PM Educate me please. I'm a bit of an eBay neophyte [bought some stuff, never tried to sell anything]. There's a seller on eBay, specialising in Tiki stuff, whose listings all seem to consist of BINs at wildly optimistic* or inflated prices. The same stuff keeps being listed over and over, so apparently the plan is not simply one of fishing for the well-heeled collector. How does this business model work? What am I missing? [Mods, if this query should have gone elsewhere then my apologies, and please move it accordingly, thanks.] *By optimistic I mean in the order of ten times what other sellers are seeking and getting.

Educate me please. I'm a bit of an eBay neophyte [bought some stuff, never tried to sell anything].
There's a seller on eBay, specialising in Tiki stuff, whose listings all seem to consist of BINs at wildly optimistic* or inflated prices. The same stuff keeps being listed over and over, so apparently the plan is not simply one of fishing for the well-heeled collector.
How does this business model work? What am I missing?
[Mods, if this query should have gone elsewhere then my apologies, and please move it accordingly, thanks.]

*By optimistic I mean in the order of ten times what other sellers are seeking and getting.

Post #660598 by Alefoot on Tue, Dec 4, 2012 5:33 PM