If you’re new to StockX, or always purchase via the “Buy for…” button on the product page, I’m here to rock your world. Today we’re going to learn about bidding on StockX – how to do it, how it works, and how you might be able to grab a bargain on your favourite item.
When you’re looking for a product on StockX, you have two options. You can straight up buy it for the lowest Ask – the lowest ask being the lowest price a StockX seller is prepared to sell for, or you can place a bid.
Let’s say you’re trying to buy some fresh Nike Dunks (aren’t we all?), and the lowest ask is $300, and highest bid is $250. You might offer $260 – making you the highest bidder. The cool thing here is that the sellers will be notified of your bid – giving them the opportunity to accept it and sell at your price.
However if they don’t want to sell at your price, they still might lower their ask – in which case you can be notified that the price has come down. In reality this can go back and forth a number of times (and often does) before buyers and sellers arrive at their price.
A pro tip for Aussies is that a lot of the action can happen overnight. If a seller is located in Europe or the US, they’re likely refining their ask while you’re asleep. So check back in the morning to see if your bid has been accepted (or if the seller has met you halfway). Just be mindful that if a seller lowers their ask, another buyer might swoop in and cop before you’ve had a chance to finish your Weeties. If there’s movement on items you’re bidding on, you will get a notification in the Message Centre section of the app – it’s the bell icon on the bottom navigation bar of the app.
