Over inflated bids

[rkr7]

I have tow bidders working my item # 174951072331. They have shot the bidding to $400 for a $60 item.

It seems fishy to me. Any ideas?

[nobody*s_perfect]

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@moondogblues wrote:

Not seeing that auction at all, not in current or sold.

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Maybe you didn't copy the  full item number?

https://www.ebay.com/itm/174951072331?hash=item28bbe5824b:g:yx8AAOSwH09hPqhB

Anyway, a bid for $500 has been retracted by a bidder with a feedback score of 5; this was his only retraction in the past 12 months.  Then the 90-feedback bidder placed another bid. What an odd bid history.

[ckimodog]

Years ago, I put discontinued make up product (a lipstick) up for auction.  It was sealed and still in date.  When I looked at it a little later in the day...it had already shot up to $27...I checked all the bidders and they all had real high feedback ratings. I wound up getting $84 for it...no kidding.  I guess some people will pay anything for their favorite lipstick, especially if it's hard to find anymore.  You never know. ☺

[gjs_16]

Aren't bidding wars the dream of auctioneers?

I mean if two bidders get into it and it becomes a matter of ego, both buyers are basically just bidding to beat the other out, isn't that what you'd want as a seller?

Looks like you got it all straightened out thou.

That being said I can kind of understand, because then they get buyer's remorse and you're stuck with paying the shipping both ways... Especially on a "No Returns" sale.

[soh.maryl]

As you're aware, there is no such thing as a "No Returns" sale.

All any buyer has to do is open an item not as described case, and the seller will have to send a prepaid return label or reimburse the buyer in advance for return shipping.  Upon receipt of the returned item, the seller is obligated to refund in full.

So I guess I don't understand ". . . Especially on a "No Returns" sale.  

[a_c_green]

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@gjs_16 wrote:

Aren't bidding wars the dream of auctioneers?

I mean if two bidders get into it and it becomes a matter of ego, both buyers are basically just bidding to beat the other out, isn't that what you'd want as a seller?

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Oh, God, yes. Some years back, the spouse listed a plastic talking alarm clock in the shape of a train (with whistles, lights, etc. when the alarm went off), asking something like $20 for it, but two collectors went at it tooth-and-nail, and the final price was something like $400, promptly paid. A short while later, we found a talking car from the same company at an estate sale, listed that, and the same two collectors went at that one all over again, with much the same result. You never know...

[carlqsportscards]

Most likely the $500 bid was meant to be $50

[7606dennis]

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@gjs_16 wrote:

Aren't bidding wars the dream of auctioneers?

I mean if two bidders get into it and it becomes a matter of ego, both buyers are basically just bidding to beat the other out, isn't that what you'd want as a seller?

Looks like you got it all straightened out thou.

That being said I can kind of understand, because then they get buyer's remorse and you're stuck with paying the shipping both ways... Especially on a "No Returns" sale.

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I've always loved them.

[eye_of_the_tiger]

@rkr7 

It could be a scammer. Scammers are willing to bid up to one million dollars if they want to because they’re never going to pay for the item. 

[soh.maryl]

The aim of scamming usually is to gain something without spending anything.

How would a bid up to a million dollars gain anything for the bidder? He certainly will not pay; therefore, seller certainly will not ship.   

[coolections]

Even with the other guy retracting, it is up to $91 and the average sold price for the complete set is around $30. I got a  bad feeling about this one for the OP.

[lightlily_arts]

The bidder that retracted was trying to find out what the other bidders maximum bid was, and now they know.

[a_c_green]

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@lightlily_arts wrote:

The bidder that retracted was trying to find out what the other bidders maximum bid was, and now they know.

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Assuming that he's now on the OP's Blocked Buyer List (here), at least he won't be a further problem, and I doubt that many bidders will have noticed the high bid that was temporarily uncovered. I have these from time to time, but I have not seen that they do any noticeable harm to the last-second sniping that tends to occur anyway.

[excellence_09]

@soh.maryl 

Yes, but with eBay’s “automatic bid,” the scammers can put their max bid at $1,000,000 and just outbid everyone who is willing to bid. Therefore the scammer will win the item no matter what.