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ExpFacilitators · 06-04-2020, 07:04 PM

I'm quite new to this high stakes flipping environment. Help me understand what a $10,800 BIN/BO listing implies.

You bottom tick the auction at $7500 plus tax, and you list for $10,800....

so if your BIN is hit you make about $2k per box after fees? And if you have to pay any kind of taxes on your profit its even lower...

And then from the demand side...how are there simultaneously buyers at $20k and not people hitting the $10k BIN?

Fascinating study in irrational economics.

06-04-2020, 07:04 PM	#699
ExpFacilitators Member Join Date: Mar 2011 Location: Rock Chalk Posts: 2,617 1958snap	I'm quite new to this high stakes flipping environment. Help me understand what a $10,800 BIN/BO listing implies. You bottom tick the auction at $7500 plus tax, and you list for $10,800.... so if your BIN is hit you make about $2k per box after fees? And if you have to pay any kind of taxes on your profit its even lower... And then from the demand side...how are there simultaneously buyers at $20k and not people hitting the $10k BIN? Fascinating study in irrational economics. __________________ Soccer and Prizm low-numbered and/or PSA 10s of: Thunder, pacers, JJJ, Giannis, Jokic.