My parents were some of the first folks on ebay. Before the company went public. My dad was an antique toy dealer prior, so when ebay came out it was like his brick and mortar shop’s doors opened nationally. It was wild to see the sale prices of things we thought would be junk skyrocket. Cereal boxes specifically. Ebay’s fees kept growing to the point where he finally left. Also so many people hope they have the golden ticket that’s sale is going to let them retire. I think the “Buy now” option changed the way people price their products. Prior we had no idea what something would go for until the auction was over. Plus, after years of data research, one could begin to see trends so folks believed their products were worth the highest price a similar item sold for in the past, and not always taking in to account the state of the economy. 08 nearly shut down a lot of ma and pop antique dealers.
I would also like to blame all those house flipping shows (somewhat sarcastically). So many americans still believe they’re displaced millionaires.
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