Sunday, October 28, 2007

Useful Link - eBay Listing Experiment

Updating my eBay listing experiment (see post #54). I decided in addition to listing in the Folk Art category, to open the biding at $.99 just to see what would happen. The upside is that with 101 views, 13 bids, 5 watchers and inquiries as far away as the UK, the painting received a lot more attention than usual. The activity was so much fun to watch. Coming to my computer to check on the listing was like rushing to the Christmas tree early Christmas morning to see the packages under the tree. And listing a painting on eBay for $.99 is considerably less expensive that listing at $99.00.

I realized too that in the Folk Art category, buyers are not looking for the huge canvases that Abstract Art buyers like. This means less money needs to be spent on canvases and paints, a canvas that is easier to work with in a small space, lighter to handle and lower shipping costs for buyers. On the downside, even with all the bidding activity, the closing price was lower.

Normally my auction listings begin at $99.00. I receive 1 or 2 bids, at the end of the auction, about 50 views, and from 1 to 3 watchers. So the lower starting price doubled the number of views (i.e exposure) the painting received. In the longterm,will exposure be more valuable than a higher price today?

On another note, if you are an artist, this may interest you. Some posts back I wrote about an art competition by

They are now accepting entries into their 3rd Juried Art Competition. The theme me is “Modern”. The winner will have work published in the March 2007 Artists Directory, an ad section in ARTnews magazine. 2nd place will receive $100, and 3rd will receive 5 passes into future competitions.

The deadline is 4 pm Eastern Standard time, November 30th, 2007.

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