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I always do my research when I sell something. I searched Terapeak for Singer Buttonholer 160506, got this result, and was pretty excited.
Sales this year, and I was able to click on the 1st one. And this is it.
https://www.ebay.com/itm/305027681062?nordt=true&orig_cvip=true&rt=nc
Have I been wasting my time bothering with research since we can't verify any high sales after 30 days? I'm wondering if this auction had a BIN of $565. Makes me really question the other Singer attachments I looked up that supposedly sold for $1500.00. Is this a new glitch or is this the way Terapeak has always worked?
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@anasazirose wrote:I always do my research when I sell something. I searched Terapeak for Singer Buttonholer 160506, got this result, and was pretty excited.
Sales this year, and I was able to click on the 1st one. And this is it.
https://www.ebay.com/itm/305027681062?nordt=true&orig_cvip=true&rt=nc
Have I been wasting my time bothering with research since we can't verify any high sales after 30 days? I'm wondering if this auction had a BIN of $565. Makes me really question the other Singer attachments I looked up that supposedly sold for $1500.00. Is this a new glitch or is this the way Terapeak has always worked?
The listing you linked to with the URL you posted, was an auction listing with a starting price of $120 and Best Offer available on it.
Rather than bidding on it, the buyer made a best offer instead, for $565. The seller accepted the best offer (possibly it was accepted automatically), and the buyer paid for it. That is why Terapeak is showing the higher price.
The price shown in Terapeak is correct, and it's the purchase price and the shipping that was paid by the buyer. (Although in this specific case, I suspect that the transaction was not completed, see below.)
The price shown in the eBay listing is not correct, because eBay doesn't show Best Offer prices in the search results, or the bid history or purchase history either. They do show that the listing sold to a Best Offer, just not the amount it sold for:
However, I noticed that the seller has zero feedback, and their profile shows zero sales. So there is a good possibility that the buyer may have been trying to scam the inexperienced seller, or the seller may have not completed the transaction for some reason. So it's possible that the transaction may not have been completed, even though it was paid for.
You can view completed listings for up to 90 days after they ended, not just 30 days. Of the 4 listings in your screenshot, two of them are more than 90 days old (Dec 2022 and Apr 2023), which is why you can't access them.
I was able to track down the 3rd listing in your list (from the thumbnail picture and title), which supposedly sold on July 7 for $200. It should be clickable but it is not. That appears to be because the listing was removed from eBay, which is most likely because the buyer was determined to be fraudulent, so eBay canceled the transaction after it was paid and removed the listing. The seller relisted it on July 10, as a fixed price listing instead of an auction, with a BIN price of $30 without best offer.
From that, I have to conclude that scammers are targeting these items, hoping to take advantage of sellers who are hoping that their buttonholer attachments are worth a small fortune.
If you look at most of the other sold listings on Terapeak, they have sold for about $25 to $30 or less. It appears that most of the apparent high-priced sales were to fraudulent buyers, who may have been paying with stolen credit cards and possibly asking the seller to include a gift card worth several hundred dollars as well.
FYI, not sure how it deals with BO, but I just checked on one that I sent a Seller Initiated Offer on & TP has the correct price. Which is interesting b/c if you look at my SOLD's, you don't see the correct price.
@anasazirose wrote:I always do my research when I sell something. I searched Terapeak for Singer Buttonholer 160506, got this result, and was pretty excited.
Sales this year, and I was able to click on the 1st one. And this is it.
https://www.ebay.com/itm/305027681062?nordt=true&orig_cvip=true&rt=nc
Have I been wasting my time bothering with research since we can't verify any high sales after 30 days? I'm wondering if this auction had a BIN of $565. Makes me really question the other Singer attachments I looked up that supposedly sold for $1500.00. Is this a new glitch or is this the way Terapeak has always worked?
The listing you linked to with the URL you posted, was an auction listing with a starting price of $120 and Best Offer available on it.
Rather than bidding on it, the buyer made a best offer instead, for $565. The seller accepted the best offer (possibly it was accepted automatically), and the buyer paid for it. That is why Terapeak is showing the higher price.
The price shown in Terapeak is correct, and it's the purchase price and the shipping that was paid by the buyer. (Although in this specific case, I suspect that the transaction was not completed, see below.)
The price shown in the eBay listing is not correct, because eBay doesn't show Best Offer prices in the search results, or the bid history or purchase history either. They do show that the listing sold to a Best Offer, just not the amount it sold for:
However, I noticed that the seller has zero feedback, and their profile shows zero sales. So there is a good possibility that the buyer may have been trying to scam the inexperienced seller, or the seller may have not completed the transaction for some reason. So it's possible that the transaction may not have been completed, even though it was paid for.
You can view completed listings for up to 90 days after they ended, not just 30 days. Of the 4 listings in your screenshot, two of them are more than 90 days old (Dec 2022 and Apr 2023), which is why you can't access them.
I was able to track down the 3rd listing in your list (from the thumbnail picture and title), which supposedly sold on July 7 for $200. It should be clickable but it is not. That appears to be because the listing was removed from eBay, which is most likely because the buyer was determined to be fraudulent, so eBay canceled the transaction after it was paid and removed the listing. The seller relisted it on July 10, as a fixed price listing instead of an auction, with a BIN price of $30 without best offer.
From that, I have to conclude that scammers are targeting these items, hoping to take advantage of sellers who are hoping that their buttonholer attachments are worth a small fortune.
If you look at most of the other sold listings on Terapeak, they have sold for about $25 to $30 or less. It appears that most of the apparent high-priced sales were to fraudulent buyers, who may have been paying with stolen credit cards and possibly asking the seller to include a gift card worth several hundred dollars as well.
