I asked the seller what happened.
Here is their reply:
hi , another person wanted to buy it for $85 so I relisted it with a buy it now price, and you snagged it up before he had a chance to purchase it. Lucky you. I was shocked to find out that it was worth that much. Now I have a question for you, if you don't mind? What makes it so valuable? Thank you.
Now my dilemma is do I tell them that it is worth significantly more than the Buy It Now sucker deal they accepted.
Steve
The seller just asked what made it valuable. They did not ask how much you thought it was worth which is a wide range as a Secretary recently didn't bring the $360 being asked for it therefore, is $85 that significantly less to land the seller in suckerville? A stickered example brought $1,236 in 2001 though I doubt it would bring that much currently. Honestly, I don't think any seller should ever move a piece over to BIN on the advice of a buyer (that might be sucker by definition). But in this case the pen may have brought $150-250 left to the open market though, I remember the band had issues, so I guess double to three times is significant but, this is not on big dollars.
I was watching a badly listed Sheaffer Cobra base listed for $40 that an acquaintance got to the seller with a BIN of $100. This is a $600 base so bigger multiple and larger dollars. The two of us were likely the only ones to have found it the way it was listed and the seller got 2 1/2 times the list price. If the seller had been in touch with me I would not tell them it was a $600 base that would simply be unkind. Anyway, this Cobra traded hands with me at the DC show for another Cobra with an unusual second drilled socket that another friend had that wanted one that was typical for the base the central single socket.
As for the Secretary I would have stuck with the fact that they do not come up that often and are desirable no need to have mentioned that $85 was likely not enough for it and they harmed themselves with the BIN. Maybe hint that you might have paid more had the auction ran so that they can conclude that the BIN was not the best option.
Roger W.