Baffled by Pricing Strategy

Over the course of the last two years, I’ve been on here and AudioMart roughly daily. Like most of us, I always have some items on my Watchlist but I’m especially active looking at the gear in my price point right now. One oddity that I can’t wrap my head around: Person posts their used gear, it doesn’t sell for months even after lowering the price, and their strategy is to raise the price?!?? People certainly have the right to ask for whatever they want but each time I see this I think to myself “yup, that’ll get it sold…”. From what i can tell, it’s not been in response to manufacturer’s price changes, product scarcity etc…. and it’s not like the community hasn’t seen the previous, lower price. What’s the logic here?

brewerslaw07-02-2023 4:36pm

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carlsbad2 Details Discussions Posts This discussion Message User 1,404 posts 07-02-2023 at 08:46pm Copy Comment URL Report Comment Edit Delete I've seen watched items on other forums raise their price often. I can see 2 reasons: 1. New model has significant price increase. this had raised used prices on autos consistently. 2. so they can lower it again in the future.
rocray Details Discussions Posts This discussion Message User 1,448 posts 07-02-2023 at 09:15pm Copy Comment URL Report Comment Edit Delete I have also witnessed this phenomenon on other sites. One in particular, is an amp that has been for sale for about a year,and the price goes up and down about a grand. I don’t get it,but hey, who am I?
audioguy85 Details Discussions Posts This discussion Message User 2,017 posts 07-03-2023 at 12:19am Copy Comment URL Report Comment Edit Delete I noticed on Ebay that if I lower my price, I lose a watcher or two! It's happened many a time...figure that out! I've often raised my price back up, only to gain watchers! Lol, people are freaking weird. Sone of those same items eventually sold, at the higher price....
audphile1 Details Discussions Posts This discussion Message User 4,377 posts 07-03-2023 at 12:31am Copy Comment URL Report Comment Edit Delete Possible strategy to deter low ballers and tire kickers. I’ve not had one occasion where I wouldn’t accept a fair offer or my fair offer would be rejected by the seller irrespective of asking price.
blisshifi Details Discussions Posts This discussion Message User 1,133 posts 07-03-2023 at 01:21am Copy Comment URL Report Comment Edit Delete I’ve raised a price on an item, typically within one hour of posting if I feel I listed it too low. I’m not sure what others’ strategies are, but I can see a few reasons: 1. At the time of listing, there are perhaps other similar listings that are priced lower. If they all sell and only one is left, perhaps the seller thinks they can make more money since there isn’t any more competition. 2. If it is a current model, perhaps manufacturers recently increased the retail price, making the used price also go up.