Prices are based on the current retail price, condition of the item, external third-party data and historical data we've collected from selling similar 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 5% every 10-20 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 a fair asking price and buyers get a good buy.