Author Topic: eBay idiots  (Read 1204 times)

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Offline HowardH

  • Posts: 1084
eBay idiots
« on: September 09, 2017, 09:48 AM »
I like to peruse the Ebay ads to see if there is something for sale where I might get a bargain.  I usually ending up shaking my head and laughing at these idiots who think they can get away with charging more than list, sometimes, a lot more!  For example:
OF 1400 on Ebay

How in the world can somebody think they can get someone to pay double?  Is it true what PT Barnum said, that there's a sucker born every minute?  People who buy Festool are usually not casual tool buyers.  They do their research and know about the tools.  I wonder if Festool USA has anything to say about these guys since they are purporting to sell new tools. 
Howard H
The Dallas Texas Festool Fanatic!

Mark Twain:  "I didn't attend the funeral, but I sent a letter approving of it." "If you tell the truth you don't have to remember anything."

mft1080, Trion, MFT/3, T15, RO150FEQ, TS55, RTS400, CT22, 800, 1080, 1400, 1900 rails, CSX, Vecturo, Qwas dogs, Parf Dogs, Zobo's, Syslite Uni, Kreg router table

Offline TinyShop

  • Posts: 36
Re: eBay idiots
« Reply #1 on: September 09, 2017, 10:26 AM »
Agreed - although I've speculated that there must be an ulterior motive for these kinds of obviously way overpriced listings (which eBay is rife with). I've contemplated that they are part of some sort of sophisticated money laundering scheme (or the like). Or that they perhaps somehow bolster seller's cred with eBay (for instance, is there some sort of economic advantage in their relationship with eBay for high volume sellers to having a bunch of listings that are always active but that never sell?). There's got to be a good reason behind this nonsense.   

Offline live4ever

  • Posts: 508
Re: eBay idiots
« Reply #2 on: September 09, 2017, 11:38 AM »
It's called arbitrage.  It seems especially silly to do with Festools but who knows, maybe it works for those sellers. 

Here's a good article about how this works.
http://www.entrepreneur.com/amphtml/278622
"What you have to do tomorrow, do today.  What you have to do today, do now."  - a wise grandfather who was clearly talking about purchasing Festools

Offline TinyShop

  • Posts: 36
Re: eBay idiots
« Reply #3 on: September 09, 2017, 02:46 PM »
Sucks that the system relies 100% on uneducated consumers, a population that I would guess is not going away anytime soon. Buyer beware.

Offline HowardH

  • Posts: 1084
Re: eBay idiots
« Reply #4 on: September 09, 2017, 02:51 PM »
Isn't that the truth!  If someone is willing to pay double, even when they can see several other legitimate ads at the Festool price, then they will get what they deserve. 
Howard H
The Dallas Texas Festool Fanatic!

Mark Twain:  "I didn't attend the funeral, but I sent a letter approving of it." "If you tell the truth you don't have to remember anything."

mft1080, Trion, MFT/3, T15, RO150FEQ, TS55, RTS400, CT22, 800, 1080, 1400, 1900 rails, CSX, Vecturo, Qwas dogs, Parf Dogs, Zobo's, Syslite Uni, Kreg router table

Offline antss

  • Posts: 1176
Re: eBay idiots
« Reply #5 on: September 10, 2017, 09:01 PM »

Offline jobsworth

  • Posts: 4400
  • Burger Babe Says: I Even Buy Green Bananas
Re: eBay idiots
« Reply #6 on: September 11, 2017, 12:49 PM »
I was loking through craigslist and yea I some some over priced tools. Sad cuz One I would of bought if it was correctly / reasonable priced
Loving the Calif sun....

Offline Svar

  • Posts: 1032
Re: eBay idiots
« Reply #7 on: September 11, 2017, 01:16 PM »
I would not jump into conclusions about the seller being an idiot. 2000+ transactions a year and 99% positive feedback. You try that.
There is a number of reasons why severe overpricing happens:
1. Place holder for out of stock items.
2. Automatic pricing feedback loop such as this: http://www.seattlepi.com/business/article/The-perils-of-automatic-pricing-on-Amazon-1351782.php
3. Private arrangement with a buyer where actual transaction goes through best offer.
4. Just a typo.
Etc., etc.
« Last Edit: September 11, 2017, 01:21 PM by Svar »

Offline ChuckM

  • Posts: 173
Re: eBay idiots
« Reply #8 on: September 11, 2017, 01:54 PM »
I would not jump into conclusions about the seller being an idiot. 2000+ transactions a year and 99% positive feedback. You try that.
There is a number of reasons why severe overpricing happens:
1. Place holder for out of stock items.

Etc., etc.

Just a couple of weeks ago, this auction was listed for $1200 or so:

http://www.ebay.ca/itm/Replacement-Wheel-for-Veritas-Wheel-Marking-Gauges-477717-05N35-11-RDGTools-/351833325628?hash=item51eae6803c:g:mk4AAOSwMgdX0U1M

Back to normal now, for the #1 reason you stated.
« Last Edit: September 11, 2017, 01:59 PM by ChuckM »