Quote:
Originally Posted by pmax
On ebay ..... some cars are sold and resold by the same sellers a few times over the course of a few months.
What is that ?
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It's because an eBay win on a car is not binding. The car is subject to inspection and the deal can be unwound.
Just yesterday, I saw my high bid that had stood for 3 days on a Turbo eclipsed by another bidder in the last 7-8 hours of the auction. I looked at the bidder and 50% of his activity had been with the seller of the car, so I smelled a shill. In this case, the seller had told me the reserve ($6K below the Buy it Now price) and I had inspected the car and determined it was worth what I had initially bid ($1500 below reserve) and no more. At the end of the auction, another bid came in and hit reserve and the car "sold." The winning bidder did not have prior activity with the seller, so possibly not a shill.
Is the story over? Maybe, or maybe the winning bidder will be a flake. Or maybe he will be a real buyer but see some of the car's shortcomings and back out. In any case, the seller has my phone number... And if, in fact their bottom line is what they said it was, I expect the car to be relisted.
As a seller, I have had a few cars I've listed on eBay not meet reserve, but had bidders buy the car at my desired price after the end of the auction. Because in an auction, you
need to have a second bidder.