I've been an Ebay member since it first started. My current username is my domain - toyinc.com (that's how OG I am - you can't do that for many years now). It shows member since 1997 because that's when I changed my Ebay name to my domain. 4,000+ 100% feedback. Hopefully I can lend something to this pretty cool thread I've enjoyed reading since the first post. In no particular order:
Pricing might be high from the lens of looking at Buy It Now prices, but in the broad spectrum, Ebay is an auction site and items go for what the competition deems it. All it takes is two people that want the same item bad enough. Sometimes egos get in the way, yes - but it is an auction after all. I've found that a lot of the frustration comes from folks wanting a hard to find item and for one reason or another not attaining it. If it's so rare that there aren't other listings for the same item, then maybe the price is appropriate for it's scarcity. Collectibles go up in price as the bar goes up in the price people are willing to pay for it.
I've been guilty of raising that bar on many occasions when I really wanted something that was hard to find and just got tired of hunting for it. So I paid a price that included me saving my time
When I see Buy It Nows that are pretty far out there, I will make an offer with links to previous sold items to show I'm not trying to lowball.
Sometimes a seller has a threshold set where your offers are auto-declined. If I really want to try for the item, I'll just send an Ebay message with the offer.
Sometimes the seller doesn't know how to price something and puts a best offer with a really high price because hey, they'd sell it for that to forego the auction competition
Sometimes a seller may have overpaid for something at an estate sale or is trying to cover their costs, hence the high Best Offer or Buy It Now - they're trying to meet their margin - even if it's inflated
Sometimes a seller will end an auction early because there is no action on it - bad part for the seller is that everyone snipes these days and the price skyrockets at the very end
If I see a Best Offer on an auction that seems high and get my more reasonable offers auto-rejected, I will just bid the starting price so the Best Offer goes away - all pending offers are also automatically cancelled - and take my chances on the auction hoping for a lower price. This eliminates anyone swooping in with an offer the seller might accept
It's a pain to box, pack and ship large items. Some sellers have the UPS store do it for them. That costs money - same with boxes, packing material, time, etc... so they figure their overhead into their Buy It Nows - Many sellers are businesses so it's not the same as buying something on Facebook and just transferring the item face to face
Other sellers don't want certain items to sell quickly - they use the Buy It Now to keep it longer - a marketing tool so to speak
When something I'd like has a high Buy It Now and has been sitting there forever, I'll send the seller an offer from time to time with a little humor ("hey - that dust it's gathering is going to increase your shipping costs.."). I've won a few items this way.
Also - Ebay encourages sellers to accept Best Offers. They've made changes to listing practices in the past where it automatically showed up in Buy It Now listings.
What irks me are those sellers that have Best Offer and they flat out decline when you submit an offer. Why not set the auto-decline if you have a threshold where you will flat out reject an offer instead of countering. Grrrrr
Hope this wasn't toooo long a read