" 6 but it's seriously light, has a stellar paint job and rides like a dream, everything is in working order so I would say £250 is a fair asking price. " every bike 'rides like a dream' according to the seller, and the fact that it's all working is one of it's selling points sends a message all of it's own.
the clearing price is not some sort of constant as if it's the speed of light - you've offered the supply - but the demand is now something you've messed up - and you've added transaction costs - people's time -
ask a million for it - that's fair- you can ask whatever you want. the market will come to you or walk away, that's how it works.
if you're talking about clearing this within the capitalist system of the market then fair has nothing to do with it, realistic might be a better way to go. drop it consecutively until someone takes it - i.e. dutch auction.
lowering demand in those willing to be swayed by personal feeling towards you has already been accomplished quite skilfully, so you've effectively reduced your market to those who'll make a rational decision on the item and it's price. )_ but even they are not being allowed to know what the item actually is - i doubt a Raleigh has full chrome columbus forks so something somewhere is not right in either the stickering or the text
being scant and fishy with the details means even the rational rump must race to the bottom and assume the worst.
no one's going to assume it's peach - but rather a lemon:
generally - what it has been bought for is no consequence at all - neither is the buyer's attitude - i'd buy this off Hitler for the right price even if someone had payed him to take it initially. No history, no future - it's worth what it's worth