Ebay "No Reserve"
#1
Intermediate
Thread Starter
Ebay "No Reserve"
I am sure people have complained about this on here before, but I was watching a No Reserve 1966 Convertible Big Block. This car sold yesterday to a person with a Feedback of "1" and he outbid the previous bidder who had raised the bid $9,000. His Feedback was 2.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
#2
Team Owner
Member Since: Oct 1999
Location: Land of Thunder
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St. Jude Donor '12-'13-'14-'15, '19
Did it sell or not? If it did, then they owe a fee to ebay. if all they wanted to do was advertise, they could have ended it early.
#3
Administrator
Member Since: Jul 2000
Location: About 1100 miles from where I call home. Blue lives matter.
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It doesnt matter. If the price is too high, dont bid on the car. Its doesnt matter if he had a buddy bid it up. It also doesnt matter how a seller chooses to strategize his sales and advertising.
Feedback ratings mean nothing regarding ebay car purchases. While it could mean people are ghost bidding, it often means that a seller is selling a car for the first time on ebay, or a buyer is buying for the first time. Lots of legitimate people dont buy or sell in volume. Its shouldnt make you feel better that a buyer or a seller has a feedback rating of 100 because he has bought and sold a bunch of dishes and cell phone cases previously.
And, the majority of ebay sales are completed offline, so the records etc you are looking at are very incomplete.
Feedback ratings mean nothing regarding ebay car purchases. While it could mean people are ghost bidding, it often means that a seller is selling a car for the first time on ebay, or a buyer is buying for the first time. Lots of legitimate people dont buy or sell in volume. Its shouldnt make you feel better that a buyer or a seller has a feedback rating of 100 because he has bought and sold a bunch of dishes and cell phone cases previously.
And, the majority of ebay sales are completed offline, so the records etc you are looking at are very incomplete.
#4
Le Mans Master
I am sure people have complained about this on here before, but I was watching a No Reserve 1966 Convertible Big Block. This car sold yesterday to a person with a Feedback of "1" and he outbid the previous bidder who had raised the bid $9,000. His Feedback was 2.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
If you used Twitter or Facebook, or any other social media, you would probably reach a wider audience with your eBay practices complaint.
#5
Drifting
What was the opening price? I often place a no-reserve auction, but I also have a starting price of whatever my absolute rock bottom "if I had to" sales price is on the car. highest bidder gets the car.
As long as we're bashing the bay what I haven't figured out is: I like to look at the completed listings to see what cars have actually been selling for. what puzzles me, however, is why you'll often see the same car shown as "sold" multiple times for different amounts. do buyers actually back out of sales and give up their deposits that often?
Russ
As long as we're bashing the bay what I haven't figured out is: I like to look at the completed listings to see what cars have actually been selling for. what puzzles me, however, is why you'll often see the same car shown as "sold" multiple times for different amounts. do buyers actually back out of sales and give up their deposits that often?
Russ
#6
Melting Slicks
I am sure people have complained about this on here before, but I was watching a No Reserve 1966 Convertible Big Block. This car sold yesterday to a person with a Feedback of "1" and he outbid the previous bidder who had raised the bid $9,000. His Feedback was 2.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
Is there a reason for advertising a No Reserve if this is just for advertising? I am sure there are legit sellers who sell it No Reserve but the car groups should just take it off the market if they feel they are not making enough money.
#7
Intermediate
Thread Starter
Whether they sell or not is immaterial to Ebay fees. If they are a "high volume" seller (more than 7 vehicles in a year) then there is a $50 insertion fee and no other costs.
In addition, the Feedback #1 has previously bid on 20 or so vehicles, all of which were the seller in the 66.
#8
Safety Car
What was the opening price? I often place a no-reserve auction, but I also have a starting price of whatever my absolute rock bottom "if I had to" sales price is on the car. highest bidder gets the car.
As long as we're bashing the bay what I haven't figured out is: I like to look at the completed listings to see what cars have actually been selling for. what puzzles me, however, is why you'll often see the same car shown as "sold" multiple times for different amounts. do buyers actually back out of sales and give up their deposits that often?
Russ
As long as we're bashing the bay what I haven't figured out is: I like to look at the completed listings to see what cars have actually been selling for. what puzzles me, however, is why you'll often see the same car shown as "sold" multiple times for different amounts. do buyers actually back out of sales and give up their deposits that often?
Russ
#9
Team Owner
It appears few people care about sham bidding up the price and advertising it as No Reserve, so I guess I won't.
Whether they sell or not is immaterial to Ebay fees. If they are a "high volume" seller (more than 7 vehicles in a year) then there is a $50 insertion fee and no other costs.
In addition, the Feedback #1 has previously bid on 20 or so vehicles, all of which were the seller in the 66.
Whether they sell or not is immaterial to Ebay fees. If they are a "high volume" seller (more than 7 vehicles in a year) then there is a $50 insertion fee and no other costs.
In addition, the Feedback #1 has previously bid on 20 or so vehicles, all of which were the seller in the 66.
Which is basically nothing - your best safeguard is to determine what you will pay for the car and stick by your guns and if the bidding runs away inexplicably - then you run away too....in the opposite direction
#10
Instructor
I was following the same car as it is 5 miles from me. If your do a little searching, you will notice that they had it previously listed and did not meet the reserve. It was then relisted with a no reserve.
If you dig deeper, they have it listed on their website for 60k. 1st listing on e-bay only brought 39,898 and didn't sell. 2cnd listing brought 41,000 and sold. Funny how when the last 2 bids happened during the 2cnd listing, it was exactly what it didn't sell for at 39,898.
I just watched and kept my distance. I have a feeling we will see it again for sale soon.
Seems all little fishy to me so I just
If you dig deeper, they have it listed on their website for 60k. 1st listing on e-bay only brought 39,898 and didn't sell. 2cnd listing brought 41,000 and sold. Funny how when the last 2 bids happened during the 2cnd listing, it was exactly what it didn't sell for at 39,898.
I just watched and kept my distance. I have a feeling we will see it again for sale soon.
Seems all little fishy to me so I just
#11
Burning Brakes
I was following the same car as it is 5 miles from me. If your do a little searching, you will notice that they had it previously listed and did not meet the reserve. It was then relisted with a no reserve.
If you dig deeper, they have it listed on their website for 60k. 1st listing on e-bay only brought 39,898 and didn't sell. 2cnd listing brought 41,000 and sold. Funny how when the last 2 bids happened during the 2cnd listing, it was exactly what it didn't sell for at 39,898.
I just watched and kept my distance. I have a feeling we will see it again for sale soon.
Seems all little fishy to me so I just
If you dig deeper, they have it listed on their website for 60k. 1st listing on e-bay only brought 39,898 and didn't sell. 2cnd listing brought 41,000 and sold. Funny how when the last 2 bids happened during the 2cnd listing, it was exactly what it didn't sell for at 39,898.
I just watched and kept my distance. I have a feeling we will see it again for sale soon.
Seems all little fishy to me so I just
Ebay is ebay. I think many people bid on cars and do not go and see what they are bidding on. To EASY to bid and get caught up in the sales pitch. Some sellers have a way with photography, and can make an average car look like a trophy winner. If you are not going to look at what you are bidding on, do not play Ebay. JMO
#12
Melting Slicks
I have bought two vehicles on E Bay without looking at them.
A 57 Vette and a 94 Ford truck.
In both cases, I spoke with the owner and was satisfied that he was honest.
My bids were conservative, leaving room for repairs or faults not covered by the seller.
In both cases, I was very pleased with the sales.
Both of the sales have been no reserve and I think that the sellers have regretted both of them. I don't get everything that I bid on, but the ones that I do, are home runs.
As a used car dealer in a past life, I have learned that you cannot spend time looking over every part of a car that I wish to buy. I just make allowances for repairs. I’ve never been bitten yet.
A 57 Vette and a 94 Ford truck.
In both cases, I spoke with the owner and was satisfied that he was honest.
My bids were conservative, leaving room for repairs or faults not covered by the seller.
In both cases, I was very pleased with the sales.
Both of the sales have been no reserve and I think that the sellers have regretted both of them. I don't get everything that I bid on, but the ones that I do, are home runs.
As a used car dealer in a past life, I have learned that you cannot spend time looking over every part of a car that I wish to buy. I just make allowances for repairs. I’ve never been bitten yet.
#13
Team Owner
I've bought my '61 Corvette and '67 Chevelle off eBay. Personally inspected both cars.
Even with my split window purchased from a forum member that I'd met in person before I flew to Ohio to inspect the car.
I don't even look at classic cars that I am not willing to travel to see except for two, in which cases I've paid for a few long distance inspection. In both cases I passed on the cars based on the inspectors' reports.
If you buy sight unseen from on-line digital pictures you're rolling the dice.
Even with my split window purchased from a forum member that I'd met in person before I flew to Ohio to inspect the car.
I don't even look at classic cars that I am not willing to travel to see except for two, in which cases I've paid for a few long distance inspection. In both cases I passed on the cars based on the inspectors' reports.
If you buy sight unseen from on-line digital pictures you're rolling the dice.
#16
Drifting
Member Since: May 2002
Location: Hogansville ga
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2021 C2 of the Year Finalist - Modified
guessing that this was the car???
http://www.ebay.com/itm/1966-CORVETTE-CONVERTIBLE-RED-BLK-WHT-TOP-BIG-BLOCK-4-SPD-V-NICE-NO-RESERVE-/171499158966?pt=US_Cars_Trucks&forcerrptr=true&hash=item27ee257db6&item=171499158966&nma=true&si=ykgw9vUB6CtJcybuOd2KHOogcZ8%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
http://www.ebay.com/itm/1966-CORVETTE-CONVERTIBLE-RED-BLK-WHT-TOP-BIG-BLOCK-4-SPD-V-NICE-NO-RESERVE-/171499158966?pt=US_Cars_Trucks&forcerrptr=true&hash=item27ee257db6&item=171499158966&nma=true&si=ykgw9vUB6CtJcybuOd2KHOogcZ8%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
#17
Intermediate
Thread Starter
In all seriousness, I think I can discuss purchasing a Corvette on Ebay on this forum. I think I can comment on shill buying. I agree wholeheartedly that cars need to be checked out thoroughly before they are purchased.
I think if a bona fide purchaser thinks he is buying a car on a no reserve auction and is getting a great deal, then gets outbid by the seller himself, it is wrong. The purchaser could be finding another car or bidding on another.