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I guess people still have too much money to waste - Page 2

post #16 of 30
12/28/10 at 6:44am
Could it be there are ppl out there collecting the gift cards themselves and that this particular one is worth $21 or more..?
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post #17 of 30
12/28/10 at 8:55am
Shilling gone astray in my opinion. But very funny if not.

I was bidding on a pair of unworn Berlutti shoes ... oh ... about ten years ago. The bidding got too rich for my blood and I stopped. A couple of days later the high bidder cancelled his bid ... leaving me the unexpected winner ... but only after I'd found and purchased an appropriate substitute for the pair by Berlutti.

Well by this time I no longer wanted the Berluttis ... but of course, the seller expected me to buy them. Fortunately I noticed that the Seller was from Brazil ... and the other bidder was too ... with a history of 1. eBay determined the other bidder to be a shill ... and the sale was cancelled. That did not stop the seller from threatening me with legal action and shouts of international prejudice.
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post #18 of 30
12/28/10 at 11:59am
Quote:
Originally Posted by RSS View Post
Shilling gone astray in my opinion. But very funny if not.

I was bidding on a pair of unworn Berlutti shoes ... oh ... about ten years ago. The bidding got too rich for my blood and I stopped. A couple of days later the high bidder cancelled his bid ... leaving me the unexpected winner ... but only after I'd found and purchased an appropriate substitute for the pair by Berlutti.

Well by this time I no longer wanted the Berluttis ... but of course, the seller expected me to buy them. Fortunately I noticed that the Seller was from Brazil ... and the other bidder was too ... with a history of 1. eBay determined the other bidder to be a shill ... and the sale was cancelled. That did not stop the seller from threatening me with legal action and shouts of international prejudice.

I'm not a big ebay'er so how exactly does one cancel a bid? Better yet how does a seller expect someone who's been out bid and decided they're no longer interested in the item to pay for the item? Lastly what type of legal action are we talking about? I thought the worst someone could do is leave a negative feedback.
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post #19 of 30
12/28/10 at 4:45pm
I'm convinced that the purchaser of the gift card is a big believer in deflation and wanted to lock in future levels of consumption. The excess $20 they paid over the current market value of the item was simply viewed by the purchaser as broker fee of sorts for this particular futures purchase.
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post #20 of 30
12/28/10 at 4:53pm
Quote:
Originally Posted by SpooPoker View Post
LOL. really,. Then reviewed it and LOL again.
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post #21 of 30
12/28/10 at 5:19pm
I just don't understand why people would place bids unless there's like <10 minutes left in an auction. No point in raising the price.
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post #22 of 30
12/28/10 at 5:27pm
At the risk of a cool story bro, I once put a $100 Toys R Us gift card I had no use for on eBay. It sold for a few dollars over face value to a real person. I'm not sure why.
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post #23 of 30
12/28/10 at 5:34pm
Quote:
Originally Posted by BP348 View Post
I'm not a big ebay'er so how exactly does one cancel a bid? Better yet how does a seller expect someone who's been out bid and decided they're no longer interested in the item to pay for the item? Lastly what type of legal action are we talking about? I thought the worst someone could do is leave a negative feedback.
Canceling a bid is possible ... as mistakes are made. I suggest looking at the rules on eBay.

As to what the seller expects ... well ... that's up to the seller and what he/she can get away with and his/her interpretation of the eBay rules and/or willingness to attempt bending them. Much also depends upon the buyer's understanding of the actual eBay rules and his/her willingness to be coerced.

The seller hadn't a leg to stand on with any legal action against me. It was only a threat ... so as to "encourage" my compliance with his fraud. It was eBay that decided he was shilling, that allowed cancellation my bid, and who suspended him.
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post #24 of 30
12/28/10 at 5:40pm
Quote:
Originally Posted by HomerJ View Post
At the risk of a cool story bro, I once put a $100 Toys R Us gift card I had no use for on eBay. It sold for a few dollars over face value to a real person. I'm not sure why.
Isn't there a small premium over and above the face value when bying a gift card? Still ... I find this rather amusing.
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post #25 of 30
1/3/11 at 8:35am
I know this kind of thing was possible back in the day when bing cashback was big (like, 12% or 15%), but not sure whats going on now.
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post #26 of 30
1/3/11 at 10:43am
There is a cash-back option for ebay now. I think it's called ebay bucks or something to that effect. You get 2% cash-back in credit every quarter. Maybe they had $50 in credit stored up, so a bid for $20 over was really $30 under for that particular individual?

Otherwise, I have no clue. If you ever check out the gift card options, it's not uncommon for them to go above value. The only things I've ever been able to figure out are the bing cash back and the ebay-bucks. If anybody else has figured out another reason, I'd love to know what gives.
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post #27 of 30
1/6/11 at 9:18am
Can't spambots just spam? This "look at me, I'm a real human being!" thing is getting old.
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post #28 of 30
1/7/11 at 7:39pm
Quote:
Originally Posted by sharwood View Post
There is a cash-back option for ebay now. I think it's called ebay bucks or something to that effect. You get 2% cash-back in credit every quarter. Maybe they had $50 in credit stored up, so a bid for $20 over was really $30 under for that particular individual?

Otherwise, I have no clue. If you ever check out the gift card options, it's not uncommon for them to go above value. The only things I've ever been able to figure out are the bing cash back and the ebay-bucks. If anybody else has figured out another reason, I'd love to know what gives.

This was my initial thought, too. Someone had eBay cash and wanted to spend it on Coach so they overbid on the card, but in reality it's not really overbidding as it's imaginary funds that need to be used. Similar to using 100 Amex points to get a $50 gift card when you could use those same points for a $100 Banana Republic card instead (theoretically losing $50 value to have more options).
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post #29 of 30
1/7/11 at 9:26pm
Quote:
Originally Posted by *#.. View Post
I just don't understand why people would place bids unless there's like <10 minutes left in an auction. No point in raising the price.
I always place a "gentleman's bid" ... just to let others know I'm interested. Subsequent bids -- via a snipe program -- are placed 6 seconds before the end of the auction. I almost NEVER loose.

The auction I refer to above took place during my early eBay days ... before I cultivated a degree of on-line bidding sophistication ... and before I new about snipe programs.
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post #30 of 30
1/8/11 at 3:09am
Well this could happen given it was a prisoner's dilemma situation... probably not but i dunno how ebay works
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