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# If there's a market...
eBay is weird, though. The same thing (a second-hand video game, say) can go for two very different prices even though the bidders can see all auctions, and thus have 'perfect' information on the market.

But they are lazy :)
(I helped save b3ta! The Alchemist king of the needlessly complicated, Tue 14 Apr 2009, 1:42, archived)
# anyone got that link for the bottle of beer that was used in some antarctic expedition
went for peanuts

then the buyer listed it

and it went for like 60 thousand or something
(I helped save b3ta! discomeats This canoe, Tue 14 Apr 2009, 1:45, archived)
# I bought my watch on ebay last year for about £20
There was an identical one selling at exactly the same time for £60, and it was attracting way more bids. It even had the same auction title and picture.

And of course there's stuff like this...
(I helped save b3ta! zeltergiset, Tue 14 Apr 2009, 1:46, archived)
# I've said it before, and I will say it again.
People are fucking idiots.
(I helped save b3ta! Redsushi! Whoop! Whoop! Yes, that one!, Tue 14 Apr 2009, 1:48, archived)
# reselling of gift certificates makes some sense in that you can't usually trade them back for cash
so if someone gives it you as a gift, it's the only way to 'monetize' it :)
(I helped save b3ta! The Alchemist king of the needlessly complicated, Tue 14 Apr 2009, 1:54, archived)
# I think it is more the fact that people are buying a
$50 gift card for more than that :D
(I helped save b3ta! Redsushi! Whoop! Whoop! Yes, that one!, Tue 14 Apr 2009, 1:58, archived)
# hahahahahahahahaha
(I helped save b3ta! discomeats This canoe, Tue 14 Apr 2009, 1:55, archived)
# My 'didn't win'
folder is full of stuff like this. Just checking now there are two identical graphics cards from the same seller and one went for £51, the other for £31 which was above my limit of £20 ( a price which I have bought and resold plenty at )
Some people won't do the work when they want a single purchase.
(I helped save b3ta! Pasanonic 's been known to cause insanity in laboratory mice, Tue 14 Apr 2009, 1:59, archived)
# Not all people are equal
People don't want perfect prices. They will settle for good enough prices, where good enough is based on their financial circumstances, value placed on convenience (cost of delay, time saved shopping etc.).
(I helped save b3ta! numberbruncher - correct by nature, Tue 14 Apr 2009, 2:10, archived)