$50K HUMVEE

[M1075]

I missed out on another good deal. What confuses me is the bid history. How does one guy raise the bids himself from $30,000 to $50,000?

http://offer.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewBids&item=250270828737

 

[Sarge]

I think I can answer that one.
If the seller has his reserve set at $50K, then a single bidder can keep bidding until he hits (or exceeds) the reserve price.
Does that sound about right?
-Sarge

 

[pc3nmcb]

He probably kept raising his bid to meet reserve.

 

[maddawg308]

Talk about someone who just HAS TO HAVE SOMETHING! Raising the bid $10K at a time!

 

[chicklin]

We'll see if he actually gets it? See this thread:

http://www.steelsoldiers.com/index.php?name=PNphpBB2&file=viewtopic&t=23056&highlight=6300

 

[54reo]

The "Craigslist" truck is a different deal.

The one from E-bay was listed in an ad in the latest MVM I believe.

 

[chicklin]

I just thought it was strange that the wording in the ad was almost exactly the same as the craigslist one. Hopefully it was a legit deal, sounds like it was.

 

[hndrsonj]

Alot of people plagarize ads instead of having to be creative and write one themselves when selling a similar item.

 

[Elwenil]

I find it odd that someone bids $10k increments on an auction to get to the reserve when the bidder doesn't have much history and not history of buying military items that I could see. Probably his wife's or g/f's account or something and he was just bidding it up at the end to try and get someone else to bid over the reserve. I don't think many would bid $10k at a time on anything.

 

[chicklin]

I find it odd that someone bids $10k increments on an auction to get to the reserve when the bidder doesn't have much history and not history of buying military items that I could see. Probably his wife's or g/f's account or something and he was just bidding it up at the end to try and get someone else to bid over the reserve. I don't think many would bid $10k at a time on anything.

Agreed, I bet he just had someone bid it up for him.

 

[hndrsonj]

Actually that would not be wise to do because then you are paying ebay your final sale percentage and you did not sell the item. Also if you bid in 10K increments the bid would automatically stop at the reserve until someone else started bidding it higher so you really aren't losing anything.

 

[chicklin]

Actually that would not be wise to do because then you are paying ebay your final sale percentage and you did not sell the item. Also if you bid in 10K increments the bid would automatically stop at the reserve until someone else started bidding it higher so you really aren't losing anything.

I think they stopped at the reserve, otherwise those bids wouldn't have counted (as you said). Also, eBay doesn't do the percentage deal any more, it's a flat rate fee depending on the price range in which the vehicle sold.

Either way, it looks fishy. If it was a legit buyer, why would they keep bidding up to the reserve. Why not be the high bidder under the reserve and then contact the seller after the sale ends? If this was a legit bidder, they screwed themselves out of about $20k.