“Where did you get that?”
“I bought it off ebay, and what a bargain it was too.”
How many times have I heard that particular exchange? What usually follows is how much it costs in the shops or what the manufacturer’s recommended retail price (MRRP) is. What it costs from online retailers isn’t mentioned, unless it’s significantly higher. Not many people will admit to being ripped off, especially not to themselves.
I’ve been looking for a mini DV camcorder. I used to have one, a Samsung VP-D351. I saw it in a shop on special offer for £160. At the time it was the cheapest I’d seen so I snatched it up. I started to get into using it and then editing the resulting footage on my PC, using the firewire link to download the movies to file. Unfortuneately it disappeared, most likely stolen. I didn’t realise it was gone until the day before our wedding.
Anyway, I’ve been trying to find a replacement. I can pick up a brand new camcorder for around £125 + P&P, so around £135 brand new from various online retailers. But I thought I’d give ebay a try. There seem to be quite a few on there at any one time. The ‘Buy it Now’ (BIN) prices seem quite steep, considering I can pick up comparable products for less elsewhere.
For example, currently there is a Sony DCR-HC45 for sale with a BIN price of £188.99 + £9.99 postage, a total of £198.99. Empiredirect.co.uk are offering the same model for £189.99 + £4.99 (£194.98), so it’s actually cheaper overall.
Ignoring the BINs for the moment, the general auctions aren’t much better. Just last week I spotted something interesting so I decided on a maximum bid for what I’d be willing to pay for something second hand (even though it did say brand new in box it’s essentially second hand) and wasn’t that surprised to find I’d been outbid. The thing that surprised me the most, however, was the ending bid. This second hand camcorder sold for £120 + £8 P&P. A quick scour of online retailers showed this same model for sale for about £125 + £5 P&P. Brand new, from a retailer, covered by the Sale of Goods Act. Looking at the bid history it looked like a bidding war out of control. Pride or whatever had prevailed over common sense and the ‘winner’ paid, in my opinion, well over the odds for it.
Maybe I just have unrealistic expectations. I would rarely pay more than 50% of the cheapest retail price for anything on ebay. Whenever anyone tells me about what a great deal they got on ebay I feel like doing a quick price comparison with online retailers. Of course, if you pointed it out to someone they’d dismiss it with some nonesense as nobody likes to admit to being ripped off. Especially to themselves.
Meanwhile my camcorder quest continues…