Know a bargain when you see it and don’t get greedy

This beautiful Derek Jeter signed ball was listed on eBay for a $125 Buy-It-Now or a $40 opening bid. 

$125 is an outstanding price for a strong 90s-era Jeter signed ball. But, instead of hitting it at that price, the opening bidder placed a $40 bid… presumably in hopes of getting it for much less than $125. Once the opening bid was placed, the $125 Buy-It-Now went away.

Bad move. The auction closed at $215. 

Lesson learned: don’t get greedy. If you see an item at an excellent Buy-It-Now, hit it and don’t worry about trying to get a rock-bottom bargain. If it is a good item, chances are you will get burned as did the “bargain hunter” who though he’d get the Jeter ball for less than $125.