More eBay insanity

woodnerd

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Joined
Aug 18, 2010
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91
A used old-style Sys 4 just sold on eBay for $76.  You know, the one you can buy brand new for $76 ...  ???
 
Brice_Arnold said:
There are several listings on there where the prices are higher than retail.

Yeah, but this wasn't one of the dealers where it's a new item.  This one started at $35, 17 bids later ...
 
Cliff,

You just gave me an idea for a side business.  I can sell my "Festool Saw Dust" on ebay.  [blink]  For $80 and higher, I'll include a sys 4 full of it.
 
If you want to see sheer insanity check books on ebay.  Used regularly sell for more than new are on Amazon...plus shipping is free on Amazon!
 
Ken Nagrod said:
Cliff,

You just gave me an idea for a side business.  I can sell my "Festool Saw Dust" on ebay.  [blink]  For $80 and higher, I'll include a sys 4 full of it.

Just watch that they don't go after you for trademark violations...

;D
 
What this shows me is another positive of owning Festool tools.

They hold their value. [big grin] [big grin] [big grin]
 
I was watching this CT 36 last week, and then the price went crazy and ended up selling for over $9000!!! [eek]

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160590328470&ssPageName=STRK:MEWAX:IT

Does anyone know why this happened?  I can't figure out why it would go up like that, but I have this feeling that it has something to do with the fact that the seller and the buyer both had no feedbacks at all attached to their accounts. 

Brian
 
Heres a thought for you.

I use Ebay for some stuff, but watch what I pay and don't pay over the odds. I collect Airmiles through purchases (1Airmile per £10)and also use my Amex card which also gets me Airmiles, so effectively I get 2 airmiles per £10 purchase.
So if I get someone to list an item and together we get the price bumped up, (but no money actually changes hands) then you can see how to increase your Airmiles.  [wink]

Not that I do such things, just a thought.
 
tdfiver said:
Heres a thought for you.

I use Ebay for some stuff, but watch what I pay and don't pay over the odds. I collect Airmiles through purchases (1Airmile per £10)and also use my Amex card which also gets me Airmiles, so effectively I get 2 airmiles per £10 purchase.
So if I get someone to list an item and together we get the price bumped up, (but no money actually changes hands) then you can see how to increase your Airmiles.  [wink]

Not that I do such things, just a thought.

But money does change hands because of the 8% fee or something like that that Ebay charges.
 
My thoughts on the CT36 sale:
Probably one of three things. I saw that the two numnuts used automatic bidding. They might have stupidly put some ridiculously high amounts for their maximum bid. OR they played a back and forth bidding game for ultimate domination OR they're both screwing with the seller on purpose.
 
either way , wont they have to pay. when you comit to buying something dont you sign a contract promising to pay. i do when i buy stuff
 
Alan m said:
either way , wont they have to pay. when you comit to buying something dont you sign a contract promising to pay. i do when i buy stuff

Yes, it is a commitment to buy and most treat that way. But once in a while a buyer won't pay, and so the seller can file a non paying buyer report, and it goes on from there etc, etc. In the end it is possible for the buyer to not pay. I forget what happens to them , if they get banned or something or so many strikes your out.

Seth
 
There is also the possibility that the seller is playing games with shill bidders who really don’t exist but are fake bidders invented by the seller.  I am not accusing anyone of this, but let’s just say that it happens.  It could be that the seller was trying to feel out the high bidder and push him up to his highest bid and then tried to get him to bid one more time.  Or, the shill bidder had no intention of selling the CT36 this time and wanted to find out what it would bring (the answer is $467).

Let’s follow the bids. (I haven't double checked all my times and prices here)  There were eight real bids up through May-20-11 08:52:24 PDT.

On May 20 the high bid was $150 or one bid above that, but bidder 7***9 (143) had bid $155.99.  At 22:53 PDT real bidder o***y (105) put in two bids, one for $460 and one for $467, which was probably his high bid.  Since the previous bid was $155.99, his bid probably looked like $162 or something close to that to the rest of the world.  Perhaps the $460 bid was there so that he would see when other bidders went above $460 and by how much. 

Real bidder t***l (24) put in four bids on May 21 and May 22 bidding up to $350 but still couldn’t outbid 7***9 (143) whose bid now was one bid increment over $350.

The auction was due to close at 05:06 early the morning of May 24 and the seller may have wanted more than $350 for the CT36.  On May 23 he could have invented new bidder e**6(0) who had never bought anything on eBay and started bidding.  His first two bids of $360 and $387 pushed up the auction value but still did not outbid the high bidder.  As soon as the bids exceeded the high bidder’s bid of $467 he waited for the high bidder to bid more, but he didn’t.  Perhaps the seller only wanted to see how much the CT36 would bring as the next shill bid entered at May-23-11 09:40:01 PDT was almost $10,000.  He also invented bidder i***t(0) who had never won an auction and put in a series of bids to fill in the large gap between his $477 and $9,899 bids. 

There appears to be nothing accidental here.  If I cared about buying from this seller, I would now look at the bidding history for his other live and completed auctions.

This could be a game I’ve seen played quite often on eBay.  I  now only bid at the end of the auction and if I see that shill bidders have bid up an auction, I don’t bid.  I have also noticed that the same seller often has a number of shill bids on different items, so I choose to believe that it is the seller playing games.  On most occasions the shill bids fill in the gap between a fairly low second highest bidder and the highest bidder.  Some time ago I won an auction for my high bid only because shill bidders pushed my bid up by several hundred dollars, so I contacted eBay to invalidate the auction.

Not every seller is honest and not every person who gets an item for a very high price ever expected the auction to go that high.
 
Gary,

After taking another look at that auction, I tend to agree with your thought that the seller is running a scam.  At least this helps to keep the re-sale value on my CT36 up there. Any takers at $4000?  I'll throw in some extra bags.
 
I’m generally not one for beating a dead horse, but would like to add to my long post above.

I hadn’t been following the auction for the CT36 and only found it by clicking on the link in a posting above.  Now that I’ve looked at it the way I normally would, there are some red flags that all of us should notice when buying on that auction site.

The seller has a feedback rating of zero.  Everyone starts at zero and I have certainly bid on and won items from sellers with no history, but this makes me especially careful and I usually communicate with the seller before bidding.

The seller joined eBay or at least registered this eBay seller’s ID on May 17, 2011.  He is new to this.  I looked to see if he has any other items for sale.  He does not.  Then I looked to see if he has any “completed” sales, and he has five.  Four plus the CT36.

All five auctions are for items with images taken from the manufacturer’s web site, not actual photos of the item for sale.  All five auctions include, as their only text, the manufacturer’s description.  There are no long discussions about shipping or payment.  There are no personal comments, such as “selling woodworking equipment that I never got to use and won’t be using as my arthritis is getting worse”.

All five items show a large number of bids from “shill bidders” with no history of ever buying anything.  All five items sold for around $10,000 to non-existent people.

When looking at items from very new sellers, it is wise to check out the seller as much as you can.  This seller is a complete phony and I will be contacting eBay shortly to get him banned.  Of course, he will immediately register under a new name, but I feel I owe this to the FOG community as some serious folk bid almost $500 for the CT36 and could have been robbed.

Gary
 
Good call, Gary.

I forwarded a link to your posting to some former coworkers at PayPal since they have people who look into this.  It should get to them from the eBay report, but better two reports than one.
 
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