Scenarios of Past Auctions
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HP ENVY 23-n250na Touchscreen All-in-One PC The RRP on this item was £899.00. At the beginning of the auction the price rose steadily as there were many bidders competing to get in on the auction. At around the time the price reached £150.00 the number of bidders reduced as they spent their credits. The suitable time to start bidding was therefore £150 and the auction closed at £159.73. The bid cost was 12 credits (i.e. £1.20 per bid) and there were around 8 bidders bidding until the end. With this number of bidders, 122 bids would have been needed to win the item meaning the bids cost £146.40. The total cost of the item was therefore £306.13. To sell the item on ebay for a price of £650.00 (saving £249.00 off the RRP) the cost would have been £102.30 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £241.60. Philips SensoTouch Shaver RQ1197/22 The RRP on this item was £280.00. This is a small household appliance rather than a popular electronic item and so 10% of the RRP would have been a good time to start bidding – let’s say once the price hits £30.00 – and the auction closed at £35.31. The bid cost was 7 credits (i.e. £0.70 per bid) and there were around 5 bidders bidding until the end. With this number of bidders, 106 bids would have been needed to win the item meaning the bids cost £74.20. The total cost of the item was therefore £109.51. To sell the item on ebay for a price of £180.00 (saving £100.00 off the RRP) the cost would have been £29.32 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £41.17. Xbox One Ultimate Edition Bundle The RRP on this item was £499.99. This is an example of a popular electronic item and so care should be taken as the competition would normally be quite high. However in this case there were other high end auctions going on at the same time (iPhones and iPads) and so the heavy bidders were busy elsewhere. The suitable time to start bidding was therefore £75.00 (when the other high end auctions were becoming popular) and the auction closed at £92.92. The bid cost was 8 credits (i.e. £0.80 per bid) and there were around 8 bidders bidding until the end. With this number of bidders, 224 bids would have been needed to win the item meaning the bids cost £179.20. The total cost of the item was therefore £272.12. To sell the item on ebay for a price of £350.00 (saving £149.99 off the RRP) the cost would have been £57.10 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £20.78.
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Company
Penny Auctions Portal is a trading style of Admatrix Ltd Company number 08475546 VAT registration 195579545 Terms of Use and Privacy Policy
Penny Auctions Portal
Scenarios of Past Auctions
HP ENVY 23-n250na Touchscreen All-in-One PC The RRP on this item was £899.00. At the beginning of the auction the price rose steadily as there were many bidders competing to get in on the auction. At around the time the price reached £150.00 the number of bidders reduced as they spent their credits. The suitable time to start bidding was therefore £150 and the auction closed at £159.73. The bid cost was 12 credits (i.e. £1.20 per bid) and there were around 8 bidders bidding until the end. With this number of bidders, 122 bids would have been needed to win the item meaning the bids cost £146.40. The total cost of the item was therefore £306.13. To sell the item on ebay for a price of £650.00 (saving £249.00 off the RRP) the cost would have been £102.30 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £241.60. Philips SensoTouch Shaver RQ1197/22 The RRP on this item was £280.00. This is a small household appliance rather than a popular electronic item and so 10% of the RRP would have been a good time to start bidding – let’s say once the price hits £30.00 – and the auction closed at £35.31. The bid cost was 7 credits (i.e. £0.70 per bid) and there were around 5 bidders bidding until the end. With this number of bidders, 106 bids would have been needed to win the item meaning the bids cost £74.20. The total cost of the item was therefore £109.51. To sell the item on ebay for a price of £180.00 (saving £100.00 off the RRP) the cost would have been £29.32 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £41.17. Xbox One Ultimate Edition Bundle The RRP on this item was £499.99. This is an example of a popular electronic item and so care should be taken as the competition would normally be quite high. However in this case there were other high end auctions going on at the same time (iPhones and iPads) and so the heavy bidders were busy elsewhere. The suitable time to start bidding was therefore £75.00 (when the other high end auctions were becoming popular) and the auction closed at £92.92. The bid cost was 8 credits (i.e. £0.80 per bid) and there were around 8 bidders bidding until the end. With this number of bidders, 224 bids would have been needed to win the item meaning the bids cost £179.20. The total cost of the item was therefore £272.12. To sell the item on ebay for a price of £350.00 (saving £149.99 off the RRP) the cost would have been £57.10 (ebay fees, Paypal fees and postage). This item would have therefore represented a profit of £20.78.
Penny Auctions Portal Save Up To 89%