This week past week I put two items up on auction. I know very little about these items and couldn't find the exact items for sale so I thought it would be best to let the consumer dictate the price. One of the items was the Steiff doll I mentioned in a previous post. The other was a Steiff Ralph Lauren bear I bought for a dollar at a garage sale two weekends ago. I started the bear at $50 and got no bids for 6 days. I did at one point have 11 watchers. Last night I finally got a bid. And this morning two more. It's up to $61 dollars with an hour to go. I love the feeling of auctions, the excitement. When my phone tells me I got a bid I run to check it and see how much. So why don't I do this more often? I think I'm going to start doing at least one auction every couple weeks. Keep the excitement in the relationship alive.
Here is a picture of the bear. It's missing its hat and another accessory and the coat closure is loose. Other Ralph Lauren bears have sold for much more but they were in like new or new condition. No matter what it closes at I am happy with the profit I have already. Not bad for a dollar investment.
That's a great return. I'm glad you posted this..when I thrift for plush, I never even look at the bears.
ReplyDeleteI've also read several times that it's good to have a few auctions and that it leads more traffic to your store.
Margaret @ Live Like No One Else