quote:I figure that a well sorted car could be had for $40k. What makes this car worth the current bid of $58k? Kinda high, no?
There are a couple of fen.... phenomen.... things that happen on Ebay;
1. Ebay tells you beforehand when your next bid will meet reserve and as this car has a high 'Buy It Now' it equally has a high reserve which has not been met at the current bid. What happens is bidders bid it up to just under the reserve for the hell of it, knowing full well they don't have to buy it.
2. This practice is made even easier now by the recent changes to protect yoru identity where you are assigned a Bidder # rather than your user ID, so no one except the seller knows who you are.
3. Another common one is to list an item with no reserve and then the seller pulls the auction for 'wrong description' or 'sold locally' if he doesn't like where the bidding is with just over 24 hours to go. I'ver seen this happen to a number of items I've been watching and then they re-appear at some later date.
That's why when researching prices on Ebay through 'completed items' I take no notice of bids on items not sold, only those that actually sold. I just wish Ebay would let me search 'sold items' only.
Julian