[DeTomaso] Pantera sold on eBay

[chris terp]

Actually, I've been a victim of sellers outbidding their own product so they don't lose.  For instance, this person might have wanted $40k for the car, advertised it as 'no reserve', and then bid $35k for their own car so they would not lose.
 
Or they could have had a friend bid up the price well knowing they would not be held accountable for the purchase.
 
It's hard for EBay to keep track of these types of sellers.  Seller history is a good way to check.  Also, you can ask EBay if there was potentially fraudulant activity there and they will check it out.
 
Chris Terp
#6571
 


--- On Tue, 2/17/09, MikeLDrew at aol.com <MikeLDrew at aol.com> wrote:

From: MikeLDrew at aol.com <MikeLDrew at aol.com>
Subject: Re: [DeTomaso]   Pantera sold on eBay
To: kmaguire at landrovermiramar.com, detomaso at realbig.com
Date: Tuesday, February 17, 2009, 12:04 PM

In a message dated 2/17/09 11 50 22, kmaguire at landrovermiramar.com writes:


> I don't have any experience with eBay, but the bidding pattern is
> certainly suspect. The winning bidder bid against himself from $30K to
> the "winning" bid of $35K in the space of 50 minutes.
> 
> 
> 
> Maybe we will see this car come up for auction again...
> 
You gotta read the fine print.   The bidding history does not show automatic 
bids.   So, somebody put in a bid with a 'max bid' of 30K, let's
say.   Then 
somebody else manually bids $20K.   E-bay accepts his bid and raises it to 
$21K.   E-bay accepts that and raises it again, and so on until the manual
bidder 
either quits, or he makes a bid higher than the automatic bidder's max bid.
  
The manual bidder is then in the lead, and E-bay sends an e-mail to the 
automatic bidder, telling him that he's been outbid, and offering him the
chance 
raise his stated max bid.

And so on...

Mike


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