TTT....means I priced the item too high to begin with...but refuse to acknowledge it.
Buyer sets value.
I guess that holds true if the seller feels an urgent need (for whatever reason) to sell the item. I believe items that sell quickly to the very first person who sees the ad are priced too low, and could have gotten a higher price after a day or two; thus the beauty of the auction. In an auction you can get a good feel for what your item is worth...
at that particular date and time. For example, the obscene prices people were paying for .22 LR ammunition, and the subterfuge used by some to secure entire shipments right off of the truck, before the rest of us simple fools waited for a dribble of .22 to hit the shelves and be rationed out. Folks who paid a premium price for .22 LR and amassed 500K to 1 Million rounds can't afford to shoot it or sell it until another event causes a perceived shortage and another run on the retailers occurs.
