Axminster auctions and final price

[Mooose]

I have been watching a couple of the Axminster auctions with interest and have been noting that they often reach 80% or more of the new price despite only having a 3-month warranty and sometimes light scratches etc (what I would call used)

Is this normal?

I will openly admit I was looking in the hope of finding a good deal but I am fairly surprised that someone is willing to spend that much with only three months cover. Often on something that has already been returned and repaired.

 

[marcros]

Yep, people go crazy on them. I have seen the odd item go for the full price, sometimes a little more!

 

[Trevanion]

I paid about £400 for a £700 Linisher from their eBay outlet shop. As you say it only had a 3-month warranty but for £300 knocked off the price and whatever would've inevitably gone wrong had already been fixed, it seemed a pretty good deal for what was pretty much a new machine.

 

[petertheeater]

I bought a larger item from Axminster outlet recently. Paid probably 70% of original price but comes with a year warranty and free transport. I considered that worthwhile as I couldn’t find similar condition / price on auction sites.

 

[Lonsdale73]

ebay can be a strange place. Thing that bewilders me is those who allow 'best offers' then reject all offers even when within a penny of the BIN price!

 

[Sideways]

Yes Moose. It seems to be pretty normal and I agree with you, lots of items sell for more than this tight so n so would be willing to pay. There are odd lots that seem less popular and probably offer a great deal to the right buyer.

 

[powertools]

Maybe there is a good reason why Axminster and many others chose to sell their returns on eBay.

 

[Mooose]

To be fair you can not fault Axminster - they are doing the best returning items to service rather than letting them join the scrapheap.

 

[Duncan A]

To be fair you can not fault Axminster - they are doing the best returning items to service rather than letting them join the scrapheap.

From the business perspective it appears to make sense, but they used to sell a lot of returned items in their stores, at very good prices. I frequently used to drop in on the off-chance of finding a bargain that I suddenly realised I "needed" - and then walked away with a collection of assorted bits and bobs from a wander around the store.
Effectively, these items were acting as loss leaders and enticing me into the store to give them my money - a good use of very expensive floor space I would have thought. I wonder if anyone has correlated footfall with the move to eBay?
Duncan

 

[basssound]

The reason they use Ebay is because people get giddy and bid silly.
I've seen used items sell for more than brand new prices then ebay take their grubby share.