Joined: Jan 2008
Posts: 23,645
Likes: 1,109
From: Mans of NC & SW UT Desert
Bikes: 86 Katakura Silk, 87 Prologue X2, 88 Cimarron LE, 1975 Sekai 4000 Professional, 73 Paramount, plus more
Call it tuition in the school of flips. Price it at $50, and move on. Realize what you pay for an item has nothing to do with what it is worth (or what it should sell for). Sometimes, you will get something really good, at a really low price. Other times, you will overpay. This is the latter. Most of us have done it.
In any financial transaction, the person with the most knowledge, wins. One key to successful flipping is you have to be that person.
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Please don't confuse ebay "asking" prices with "selling" prices. Many sellers never get their ask price. some are far from it. Value is determined once an item actually SELLS. Its easy enough to check SOLD prices.