Ebay may be my new favorite website. As I mentioned last week, I decided to pare down and I put 3 Coach purses up for auction. I put them up for 99 cents, but I set a reserve price on each one so they couldn't sell for just $1. At first, things were moving slowly. I was getting $3 and $4 dollar bids.
Then I think my bidders got excited by the whole process, because suddenly my prices were jumping leaps and bounds. One purse that held at $14.87 forever quickly jumped to $159! On another purse, I literally left the computer for a few minutes to go get coffee, and it jumped $70!
I say God Bless America. This recession may be ending after all.