I'm going to do a little something different with Found in the Attic this week. Ina wrote about pricing tools on AuctionRover.com in this issue, and she asked me to write an article about PriceRadar.com. I was fairly impressed with some of their online tools, but quite honestly, they duplicated efforts that I had seen on AuctionWatch and other auction service sites. Then I got to PriceRadar's Price Guide tool.
I recall mentioning to a friend some months ago how helpful I though it would be to have a database of completed auctions. So, if I were considering selling something, I could go to the database, type in my item, and get back useful information including Number of Items that had been listed, Sell-Through Rate, and Average Selling Price. That's essentially how I came up with the idea for our Found in the Attic column. Well, this is exactly what Price Radar's Price Guide tool does.
In each issue of AuctionBytes-Update, Michele Alice or I manually sort through hundreds of items on eBay, calculate the average price, the high selling price, etc. This is no easy task, let me tell you! To research 5 items, it generally takes 2-3 hours. With The Price Guide tool from PriceRadar.com, I searched LOTS of auction sites for my data in MINUTES!
So what I thought I would do this time (just to get out of writing an article) was to use PriceRadar's Pinpoint tool to search for the Found in the Attic items, save myself a few hours of time, and use that time to mow our lawn! Believe me, it needs it!
The one feature that PriceRadar does not handle that I would like to see is Sell-Through Rate - what percentage of the items have actually sold. If you're interested in checking out this tool for yourself, go to http://www.priceradar.com, register, and do your own custom searches. It's FUN!
GI JOE
Number of Items Sold 1496
Highest Priced Item $1,900.00
Lowest Priced Item $1.00
Average Price $26.93
Median Price $950.50
Listing Frequency (per month) 291
First Listing Date* 11/18/99
Most Recent Listing Date 4/20/00
TALKING ELMO
Number of Items Sold 56
Highest Priced Item $200.00
Lowest Priced Item $2.99
Average Price $24.64
Median Price $101.50
Listing Frequency (per month) 11
First Listing Date* 11/24/1999
Most Recent Listing Date 5/2/2000
SWAROVSKI CRYSTAL
Number of Items Sold 1314
Highest Priced Item $5,850.00
Lowest Priced Item $1.00
Average Price $51.61
Median Price $2,925.50
Listing Frequency (per month) 237
First Listing Date* 11/20/99
Most Recent Listing Date 5/4/00
SETH THOMAS CLOCK
Number of Items Sold 81
Highest Priced Item $2,100.00
Lowest Priced Item $1.00
Average Price $121.59
Median Price $1,050.50
Listing Frequency (per month) 15
First Listing Date* 11/26/99
Most Recent Listing Date 5/3/00
CHRISTINA AGUILERA
Number of Items Sold 1497
Highest Priced Item $525.00
Lowest Priced Item $1.00
Average Price $13.05
Median Price $263.00
Listing Frequency (per month) 271
First Listing Date* 11/20/1999
Most Recent Listing Date 5/3/00
Results are taken from a search on PriceRadar.com on 5/6/00.
About the author:
David Steiner is President of Steiner Associates LLC, publisher of AuctionBytes.com and the EveryPlaceISell.com merchant directory. David, a former television producer, handles business development and advertising for AuctionBytes. You can reach him at dsteiner@auctionbytes.com
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