How does bidding work on stockx

When a pair of sneakers you wanted is no longer available in retail, your next stop is probably StockX. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. You can buy from other StockX users directly, or you can place a bid and see if they accept it.

StockX is one of the safest apps to buy, discover, and sell authentic sneakers. As a sneakerhead, I always use StockX not only to buy the sneakers I could not purchase in an online raffle system but also to discover the new price of the brand-new sneakers that are released this season. To do so, I, the buyer, look at the price suggested by the seller, the person who owns the shoes, and decide whether the price meets my economic criteria. We can use the concept we learned in class to analyze what type of auction is for StockX. Or a second-price auction? Is it an ascending bid or a descending bid? StockX, like other auction systems, uses the notion of bidding.

How does bidding work on stockx

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Except in special cases and if StockX approves.

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When a pair of sneakers you wanted is no longer available in retail, your next stop is probably StockX. StockX is a huge marketplace for items like high-end sneakers, streetwear, collectibles, and accessories. You can buy from other StockX users directly, or you can place a bid and see if they accept it. These are your two options for buying items on StockX. StockX will automatically charge you, and the seller on the other side of StockX will start packaging your shoes or anything else you might have bought. However, if you want to wait a little while for a better price, you have the option to bid on any item. Except in special cases and if StockX approves.

How does bidding work on stockx

When you buy through our links, Business Insider may earn an affiliate commission. Learn more. As a sneaker collector, I've been buying and selling sneakers online for a little over 10 years. Things have come a long way from sending postal money orders to people you met on forums with the hope they'll actually send you the shoes in return, or meeting up with strangers to do in-person transactions. But there are still many shady sellers, and fakes are getting even harder to point out. Although I've never gotten the short end of the stick while navigating the murky waters of the online resale market, not everyone is so lucky. Now, with the help of a new startup called StockX , resale transactions are a lot safer — and in some instances, more affordable.

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Select the Bid you want to change and click on the green little pen button on the right. Your email address will not be published. This might help you formulate the Bid. Indeed, the users can buy the sneakers by purchasing the product at its lowest ask, the lowest price the StockX seller is willing to sell for. Mail will not be published required. From here, we know that the auction system of StockX is the first price system, where the person who bids the highest obtains the sneaker. Step 4 Scroll back up and check the Lowest Ask for the price as well. Or a second-price auction? September 27, category: Uncategorized. Leave a Reply Cancel reply Your email address will not be published.

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We can use the concept we learned in class to analyze what type of auction is for StockX. You May Like. Enter the changes you want to make. Mail will not be published required. At least now you know exactly how to place a bid. Except in special cases and if StockX approves. Anna Middleton May 15, Now, is it an ascending or descending bid? Due to its popularity, StockX has been one of the most popular resell markets around the world. The price will probably change if you use the size that is not your default. Skip to toolbar Log In Search. For example, if you want to buy a pair of sneakers, these are the exact steps you should follow: Step 1 Open the StockX website and search for a pair of sneakers you want to bid on. If the seller does not want to sell at my price, they can still lower the asked price for a compromise. Entries Comments.