Ebay selling question, advice needed?

Twinklette

Over*the*Rainbow
Feb 22, 2006
3,674
3
Ok well I had a buy it now price on an item and a very low starting bid. Of course no one used the buy it now so it started off at $9.99 :sad2: I want to get about $250 for this item. The bidding is currently at $50 with 26 watchers and 16 active bidders. Question is, should I end the auction now and relist for a higher starting price of about $225 with a BIN of $250 or let it ride and take my chances that the bidding will go higher? There are a lot of watchers, but nothing says they will bid. I really don't want to get less than $225 for this item as I paid $350 for it.

What would you guys do?