Whats the Catch With Jewelry Auction Sites?
Jewelry auction sites seem too good to be true, you can see fabulous pieces on offer for incredibly low prices that you can enjoy for yourself or even sell on for a tidy profit. Why is their jewelry so much cheaper than the high street? Well firstly selling anything online has much lower overheads than selling through a physical retail outlet. Passing these savings on to the customer ensures more sales at a decent profit. Secondly the auction model is based on setting start prices substantially lower than they can be found elsewhere – even online. If an item you want is being sold at the same price or lower on a regular website, why get involved in a bidding war and end up paying more than you have to? So with start prices being very low you as a bidder stand a very real chance of winning a item no one else bids on for a real bargain price. Or on the flip side as a seller you can put on an item that fetches far more than you could hope to get for it through conventional methods – even
