When listing an item and checking out prices offered by other sellers, I have noticed that some sellers will list an item at an impossibly high price. For example a used book that may start at $5 (pick a number) as the low price…and if you follow through to the end, there will be a seller who offers the identical book for $2,499. (just picking another random number, but you know what I mean)
There have been a few threads about penny listings and how sellers could theoretically make a profit. I understand all of that logic, despite being a relatively new seller. I buy and set prices accordingly. Usually for books it’s about $10.00 before I think it’s worthwhile to list.
But I do not “get” why some sellers would offer items at such impossible and ridiculous prices. Especially if the items are described as only “good,” or “acceptable,” and they are not collectible nor autographed nor anything special. What is the point of offering something at an unreasonable price, knowing that no sane person would pay such a price? And these are the sellers with gazillions and gazillions of +++ feedback?
I just don’t get it. Can someone please enlighten me?