If youāre new to StockX, or always purchase via the āBuy forā¦ā button on the product page, Iām here to rock your world. Today weāre 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.Ā
When youāre 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.Ā
Letās say youāre trying to buy some fresh Nike Dunks (arenāt 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.Ā
However if they donāt 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, theyāre likely refining their ask while youāre 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.Ā Ā
So now you understand the bid process, time to get to work bidding on StockX, right? Hold up – thereās more to learn. There are some situations where bids are less likely to work. For hot new releases with lots of demand, youāre less likely to get a low bid accepted, as other buyers may be willing to pay a higher price than you. Similarly, the newer a product is, the more likely a seller may be to hold out for a higher price, making it hard to nab a bargain.Ā
So when might be a good time for a low bid? I don’t want to give up all my honey holes, but Iāve had a lot of success shopping apparel that might be a couple of months old. So think about things that dropped recently that you missed out on – chances are a lot of people have moved on to the next release, but if sellers are still holding product you might be able to snap up a bargain. A good example are Nuptse jackets from The North Face. Sure, the Gucci or KAWS collabs are in high demand, but the regular Nuptse jackets are in some cases going for below retail. Seasonality is also a factor here – the Australian winter is a good time to bid on some apparel that isnāt going to be selling well in markets where itās currently summer.Ā
The best thing to do is just play around and get to bidding on StockX. With so many products dropping every month, there are always hidden gems that got slept on, or maybe only had regional releases. Weāve all seen the memes of groups of people all wearing the same Panda Dunk, but you could stand out by rocking something different.Ā
Still want to learn more? Check out this handy guide.Ā
