Re: Shill Bidding of Test Equipment on Eprey



Winfield Hill wrote:
On Nov 15, 3:51 pm, D from BC wrote:

I'm still fairly new to Eprey (I call it that because it
sometimes looks sharky)

What I find suspicious is test equipment resellers bidding
on test equipment off of other test equipment resellers???


I'm a serious eBay user, and over the last 10 years have
won thousands of expensive electronics instruments for
the Institute's use and for my EE Lab's use. I often
find myself bidding against dealers. The thing is, they
are very serious about winning good instruments for their
own sales inventory and often they do win the item.

If it's in good condition, and perhaps after calibration,
etc., they put it up for sale at a higher price. They're
very willing to sit back and wait for a corporate buyer,
etc., who's will to pay more for a guarantee on the item
and a P.O. with n/30 terms being accepted for payment.

I think this crowd does not take part in shilling, etc.,
they simply place a reserve price. After the auction
finishes the buyer can decide if he wants to meet the
reserve. Or he can negotiate a little discount. I've
done that many times. Often the seller will stand firm,
and the item gets relisted and may take months to sell.

Right, and you can look up the buying history of the other bidders, size them up, and plan a bid strategy based on that. Under no circumstances would you place a bid in excess of your objective assessment of the worth of the item.

.

Quantcast