Re: Shill Bidding of Test Equipment on Eprey

On Nov 16, 3:30 pm, D from BC <myrealaddr...@xxxxxxxxx> wrote:
On Thu, 15 Nov 2007 19:55:55 -0800 (PST), "David L. Jones"



<altz...@xxxxxxxxx> wrote:
On Nov 16, 2:42 pm, D from BC <myrealaddr...@xxxxxxxxx> wrote:
On Thu, 15 Nov 2007 16:11:21 -0700, "Bob Myers"

<nospample...@xxxxxxxxxxxxxxx> wrote:

"D from BC" <myrealaddr...@xxxxxxxxx> wrote in message
news:69apj3dkklm98iq4v8r03omfuaf3e1qu41@xxxxxxxxxx

One team member has an item that can be sold for $1000.00 for good
profit.
All team members agree the price tag is $1000.00

Start bid: $100.00
Reseller 1: $200
Reseller 2: $300
Reseller 3: $800.00
Reseller 4: $1400.00
Reseller 2: $1600.00
Joe Smuck: $2000.00..winning bid

As others have already said - sure, it's possible, and
for various reasons it's unlikely. All I want to add to that
is to note that IF "Joe Schmuck" paid $2,000 for the
thing, then that IS what it was worth - TO HIM. You
seem to be suffering from the common delusion that "a
fair price" is something OTHER than what someone in
the market is willing to pay for a given item.

Bob M.

Say... $2000.00 was Joe Schmuck's max bid, then that's what he
believes is an affordable price.
But the resellers appraised the item at $1000.00.
Joe got shilled to paying his max bid of $2000.00.. Without shilling,
he could have paid $1000.00

You forget that both the sellers and other bidders have no way of
knowing what Joe's maximum bid is. If they try and push the price up
with fake bidding then they run the risk of exceeding Joe's max bid
and not finding a real buyer and having to pay the final sellers fee
for nothing (plus a re-list fee). The seller can falsely claim that
the buyer did not pay, and get their final value fee refunded, but you
can't do that too many times before being busted.

Dave.

Ahhhh...If I were a seller, then I'd know these things..
At the moment, I just lurk on Epray waiting for that irresistible
price below my max bid.
I'm Epraying not to be Eprey :)

With eBay you have to know what something is worth, otherwise you'll
pay more than you have to. Those that get caught in the "bidding
frenzy" are just fools.

I have shamelessly resold stuff on eBay for 3 times the price I paid
for it on eBay, there is a sucker born every minute. I often buy stuff
on eBay, use it for a while, and then resell it on eBay, almost always
at a profit. For example, I bought a tiny sub-notebook to take on a
world trip, used it for a few months and then resold it (complete with
extra wear'n'tear) for $300 more than what I paid for it when I got
back.

Aso, a lot of eBayers don't trust buying products from overseas, so in
countries like Australia it's possible to buy something on eBay from
the US or Asia and then resell it for double or triple the money on
the Australian eBay site.

Then you have people buying all these brand new consumer products on
eBay for more than what you can buy it for in the local shop. e.g. I
just got a new mobile phone from my local *** Smith Electronics
store, and the exact same phones were walking out the door on eBay for
$100 more - crazy. It took about a month of "lag" until the eBay price
came down closer to the reduced price the local shops were now selling
it for.
DVD's are another classic product like this, I've seen them go for
$25+postage on eBay when the exact same title has been in the $10 bin
at the department stores for months.

It's a wild world.

Dave.
.

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