larryconnors Posted June 7, 2013 Report Posted June 7, 2013 A fellow from Simsbury Ct recently bought a 48 P15 off craigslist that was advertised for $1200. and put it on Ebay right away for $4000. When that listing expired with no bids he relisted it for $4500. When that listing expired with no bids he relisted it for $5000. What do you think he'll do next? I guess i just don't understand marketing. 1 Quote
Don Coatney Posted June 7, 2013 Report Posted June 7, 2013 What I understand is he is out 1200 bucks for a car he does not want. Quote
larryconnors Posted June 7, 2013 Author Report Posted June 7, 2013 I just looked at the listing and there is a bidder at $5000. Quote
_shel_ny Posted June 7, 2013 Report Posted June 7, 2013 another one on with bids. reserve not met. seller has 94K invested Quote
JerseyHarold Posted June 7, 2013 Report Posted June 7, 2013 I've found that sometimes people won't buy something on eBay if the price is too low. Raising the price makes buyers feel more confident, and nets more money for the seller. A win-win! Quote
Adam H P15 D30 Posted June 7, 2013 Report Posted June 7, 2013 What I understand is he is out 1200 bucks for a car he does not want. Made me spit my coffee up laughing. Quote
_shel_ny Posted June 7, 2013 Report Posted June 7, 2013 Guy got a great deal for $1200 (basically stole it). Guy that bought it for $5000 ..............well. Seems a bit high, but with that interior all done (even if not period correct) a big chunk of change out of the way. Quote
GlennCraven Posted June 9, 2013 Report Posted June 9, 2013 Probably one of his buddies I speculte this happens a lot. Quote
_shel_ny Posted June 9, 2013 Report Posted June 9, 2013 Don't understand the previous statement, nor the statement it quoted The seller pays to list a vehicle. May have a free listing under some circumstances. As I understand it, unless things have changed, that's it. List, pay a fee. Sell, no sell, no refund. Why would his "buddy" make a $5000 bid to buy the vehicle????? An auction can be ended by the seller at any time. Quote
Plymouthy Adams Posted June 9, 2013 Report Posted June 9, 2013 I have looked at it often as the following , may be wrong but it my outlook based on bidding .....rather than let it go cheap to some unknown party on a low bid..these guys (friends) are in the wings to assure x amount on bid hoping to run it up as numerous bids means high interest and possible known value to the uninformed....the seller only has to report a dropped sale and not pursue the matter....if he gets a legit bid it will be extended to that guy as a second offer..slight gamble at selling car but still less than a public auction fees for the most part..and the buyer (as of yet with e-bay....watch for it coming to a bid near you) does not pay a buyers preminum.. 1 Quote
GlennCraven Posted June 9, 2013 Report Posted June 9, 2013 (edited) I second Tim's perceptions. I've been following A LOT of auctions lately; just about every vehicle over 25 years old and restorable within 250 miles of my zip code. I might find a project in there, I might make a mistake (though it was outside my parameters, eBay suggested the '92 Firebird I bought for $250 and don't need ), but this eBaying plus relentless Craigslist searches are helping me develop a good picture of what's available in my region and the price range of those offerings. I wouldn't say it happens "often," but I've not only seen vehicles take a shocking jump in price, above what I thought anyone would pay, then I've seen those vehicles DROP BACK in price because someone's bid was apparently nullified. This occurrence really makes me suspect that a sham bidder put in the big offer, perhaps via a sequence of smaller bids until the "real" leading bidder's top-dollar price is reached and the sham bidder is in the lead. Then, nullify the false bid and in theory you can start the process over, stopping just short of topping the highest legitimate bid, so the current bid is as high as it can currently go. I haven't sold anything on eBay. Maybe I just have a devious or suspicious mind. But it seems this would be an easy enough scam to pull off, especially since eBay doesn't really seem to crack down on apparent scammers, as I noted in another post in the eBay/external links forum. And it's hard for users to gather specific evidence and complain anyway because eBay now hides the full identity of bidders. As anecdotal evidence, at least, I'm watching a Chevy pickup that was started at $200 with no reserve. It has 20 bids and is up to $560. Of those bids, four are by users with zero feedback, one of whom has bid twice on this truck but never on anything else. Fourteen of the bids were placed consecutively, in a six-minute period, by an account that has nine transactions ever and hasn't bid on anything else in more than a month. (All the further eBay goes back in this limited information.) Heck, the other two bids are by bidders with 93 and 110 feedback responses, but even they haven't bid on anything but this seller's truck in the last month. And I note the seller hasn't bought or sold anything on eBay in more than a year, so maybe sporadic eBaying is typical and I'm just a conspiracy theorist. Still, the bidding history on this particular truck strikes me as suspicious. P.S. I'm also following an old Galaxie that jumped to $1,500 and then dropped back to $800 with the reserve price publicly lowered to $801. ... Ummmm, WTH? Edited June 9, 2013 by GlennCraven Quote
_shel_ny Posted June 9, 2013 Report Posted June 9, 2013 I understand the sham bidder thing. I agree it does happen, no doubt. The thing with particular listing is: It started at $5000 .... 1 bid.... no bid retractions.... sold. The seller can not claim "dropped sale", to any advantage. You pay to list a vehicle, no refund. No second bidder to drop back to. I suppose I can see the theory of buddy bidding, small bidding war, stop bidding, but again with this vehicle no interest was shown at $4K, or $4.5K so where would a bidding war come from at $5K, then again where did the bidder come from for $5K. Did someone just stumble on to it, not look at any P-15 past listings, and jump on it ???? 7 day auction, 7 day auction, then 3 day auction. Strange stuff. guess only the seller knows for sure. Quote
Plymouthy Adams Posted June 9, 2013 Report Posted June 9, 2013 the guy is risking the fee to generate interest and second option offers is the best I can figure..have seen shill since concept of e-bay...have bidded on items...then at very end the zero listed buyer outbid my max snipe bid...guess what..30 minutes later I had a second offer due to flake-o bid...with x days to pay etc etc..how did the seller know flake-o in 30 minutes...I passed...let him relist it... Quote
mayflower48 Posted June 9, 2013 Report Posted June 9, 2013 I can't believe you guys have this much time to worry about these things. Don't you cars need something done to them to improve them. Decide what you want to pay bid to that, win the item or leave. Your going to worry yourselfs to death... Quote
Plymouthy Adams Posted June 9, 2013 Report Posted June 9, 2013 it's raining...what more can I say... Quote
GlennCraven Posted June 9, 2013 Report Posted June 9, 2013 (edited) I can't believe you guys have this much time to worry about these things. Don't you cars need something done to them to improve them. Decide what you want to pay bid to that, win the item or leave. Your going to worry yourselfs to death... I'm still looking for the car, though that 1949 Windsor I've started a thread on is the likely pageant winner. I want it for $500 less than he wants for it, but he's had it for sale almost six weeks with his kids' sports equipment and Big Wheels piling up on it again under the carport. The combination of a medical bill, an unplanned trip and a stretch of hailstorms prompted me to let him keep it a little longer, there under cover. Meanwhile, I keep scouting for other candidates, and just as much for parts to go with this drivetrain-less Windsor if he takes my offer. Now could be the time to move: Within an eight-hour round-trip the 273 V8 for $150 has been joined by a running 318 from the same seller for $100, another running 318 is available for $159 asking and there's another seller with a running 318 *and* 727 trans for $250. From zero available 904s there are now four of them, three for $50 each likely needing rebuild and a seemingly very nice one for $150. If the Windsor owner doesn't sell, there's a solid-looking 1955 DeSoto Firedome sedan within 90 minutes of me for exactly the sort of money I'm wanting to pay for this Windsor coupe. It's also minus drivetrain, probably has a lesser-condition interior, but the body might actually be better than this pretty decent Windsor. Might rather have the two-door, but a DeSoto in general has always been an interest of mine. it's raining...what more can I say... Good a reason as any. Edited June 9, 2013 by GlennCraven Quote
harrybuffalo Posted June 11, 2013 Report Posted June 11, 2013 another one on with bids. reserve not met. seller has 94K invested YEP...that is Michael WARSHAW...we all know his prices...probably wants a MILLION bucks for it...but really 1800 hours in body work...man that must have been a POS when he started it. Quote
james curl Posted June 11, 2013 Report Posted June 11, 2013 I am not taking up for Michael here but actually the 47 looked to be a very good driver when he bought it but he wanted a number 1 car. The Restoration shop he picked seemed to have never worked on Plymouths of this era from the questions that he brought here from the shop looking for information. People do not realize the amount of work it takes to do a body off bare metal car to a finished product. This car has a rebuilt engine converted to 230 cu in if I remember correctly with an overdrive transmission. He had the frame powered coated before reassembly, all new upholstery in the correct pattern and material and I believe he even had all of the wood graining on the interior metal redone. I would imagine with the initial price he paid for the car then the restoration that he has a lot more than $94,000.00 in the car. Quote
greg g Posted June 12, 2013 Report Posted June 12, 2013 And I reiterate PT Barnum was right................... Quote
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