What's the value of?...

[LowlyAssassin]

Originally Posted by flatout

Something is only worth what someone is willing to pay for it.

So technically it is worth what the final bidder's high bid was... technically. Because he was willing to pay that much for it.

Auctions are the worst form of telling the worth of something. I had an item with 30 watchers only sell for $26 (which was $6 over the starting price)... then a week later they were selling for $50 or more, so not a good way of telling value.

I am basically saying grabbing at the lowest auctions (and subtracting seller fess) and saying that is what it is worth is just plain wrong... there are a ton of factors that play into what something may be worth at that time.

For example if I wait and sell this when the new AC launches I could easily double the value of it. This is only one small factor... there happen to be many.

I wasnt grabbing the lowest auctions
I have only seen those items sell for those values in the past 2 months as stated

But to me worth is not highest biddest highest bid as the next auction along the highest bidder won't be bidding so its the second highest bidders bid that is the best predictable price for the next sale