- Joined Mar 17, 2013
This is very possible and could be the reason but it’s not as likely imo. If you are a big time botter and you have THAT many pairs you probably have a controlling stake of the resale market. It happens all the time. Botters buy tons of stock and sit on it at a high price. As time goes that control increases bc people are selling and wearing their pairs. If a botter would do something like this you gotta ask yourself why....and why on GOAT specifically? Why for 320...essentially the break even point?
I feel like it’s gotta be either:
3. Another retailer or outlet
4. Fraud (tax evasion, money laundering, international, stolen)
like he said said sometimes your in too deep and need to be made whole before you take a lose. If your reselling through eBay StockX or goat you pay fees and your payout has to make sense. If my payout is under what I paid even though the shoe sells for 320 that’s not your payout. If price hits 300 I take a lose even if I’m in at 250-280 because fees kill my profitThis is interesting and it makes sense. All of a sudden the new highest bid went down to $311 actually, and the lowest for sale price was at $320. So if you had a bid in that range they blessed you.
$320 was the bottom because that's as low as they could go and still break even. They made all the pocket change scooping those bids (I think $352 was the highest) down to $320 and then leaving a couple pairs at that price.
Moral: Stay firm on your low bid. Mine was originally $343. I probably could have saved $12 bucks from the $355 I pulled at earlier in the day. Such is life. At least I got out before it jumped to $360+