Prices are based on the original retail price, current condition of the item, external third-party data and historical data we've collected from similar selling items.
We take this data and make a recommendation to the seller. The seller can decide if they want to take our recommendation, or set a different price.
If an item doesn't sell we will drop prices by 15% at 30 days, another 15% at 60 days, and a final 15% at 90 days. After 120 days we will donate remaining items to one of our awesome non-profit partners. As always, you are welcome to schedule a time to pick up your items prior to the 120 days if you do not wish to have them donated.
All that being said, we are constantly refining and improving our algorithm to make sure sellers get their asking price and buyers get a good buy.