Increasing numbers of eBay’s higher quality sellers have switched to this type of format. Fewer “non-payers” and fewer issues regarding shipping.
Buy It Now Items Worth Consideration, Asian & Chinese Antiques on eBay
Asian & Chinese Antiques Buy It Now items on eBay are often overlooked by buyers on the site. However, if you check carefully, they can at times be among some of the best values compared to auction listings.
This is often particularly so with the "Make An Offer" option. It's more or less how most general antique shops have sold for years.
Do not be shy about making an offer, you may find something at a better price than similar items sold at auction.