eBay Excessive Pricing

[Curly1]

I think I ran into this practice recently for an IPAD cable they were selling for $6.99 BIN then bumped it up to 49.99 when the posting was renewed.

They had sold over 1,000 at the 6.99 price before it was raised.

Found it again later for $6.99 but the 49.99 posting was still active.

[sheepherder]

The guy seemed friendly enough, and was concerned enough (in me as a possible/future customer?) in my question to enlighten me of this practice, but I don't quite understand who is keeping track of sales of this item: the seller, or eBay???

I don't see why eBay would care...And if it's the seller keeping track by use of eBay's records system, he's way more skilled than me in using the eBay history to keep track of any particular item...

Seems like a risky way to keep track of sales/inventory in either case...

I'm not a businessman...There must be more to this tracking business than I follow...