That escalated quickly
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From £0.25 to £7,599.00 within two days, where will it end?
https://www.ebay.co.uk/itm/403441872830? |
7 days to go!
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Mind blown ?. Wow.
Never mind a bottle the seller (mary-tin-collector) owes a weekend away to whoever that curtain was bought from. Not been closely keeping track but I believe quite a few of the patches therein have already sold for hundreds and one a couple thousand of pounds. |
WOW! £7,599.00 for a 3 Commando 2 Troop cloth title. Is it really worth that much?
Mick |
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CB |
I think we've all paid a little over the odds for a badge we really want, but this is crazy! Nice little retirement package for the seller though!
Chris |
£7863 now!!!:eek:
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Be interesting to see if the winning bidder actually pays or whether he will get cold feet. I don't suppose we'll get to know unless the item is re-listed.
Dave. |
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Gerard |
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Seems to be a battle royale between two bidders which has taken it from £185 to where it is now. Strange bidding tactics with over a week to go.
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What happens if final winning bidder backs out / refuses to pay , does the second place bidder pay the last amount they bid or are all the 'winners' bids removed ? :confused: . |
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The person who withdraws the bid is supposed to then enter another amount but, quite often, people fail to do so. I’m pretty sure that the seller could then raise an objection with eBay, however I’m not sure what action they would then take, if any, in terms of legal enforcement of what is supposed to be a binding contract. |
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I always say on eBay he who bids last, bids best. Early bird bids only ever give rival bidders the time and chance to reflect then increase their bid. Quote:
So at present that may mean it falling back to £7,763 or £227! Quite a difference. |
Thanks guys , I wasn't sure about the rules and wondered if someone could bump up the price and then withdraw their bid.
. |
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After the auction has ended it can also go to next highest bidder as I mentioned with the ‘second chance’ offer. |
1 of two things happening here:
1) Shill bidding. 2) Neither party has fully read the description, and both believe they are getting the whole collection. I know where I would place my bet. T |
If the under bidder retracts his last bid then it removes all of the bids that the bidder has made.
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Makes you wonder
Could it be the same person bidding , to put others off and retract their highest bid at the last minute????
Just a thought Tony C |
Even if you like military badges ( and presumably we all do or we would not be here on this site ) someone being prepared to pay this sort of figure ( for an item that perhaps should be in a museum ) does at the very least make you think that in this country some people can appear to be prepared to pay mindblowing figures on a badge whilst at the same time there are families relying on food banks and other families wondering how they are going to pay for their future energy bills.
Certainly food for thought ! P. |
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I expect many low income families could not spare the funds for the items you or I currently have for sale in the classifieds. Long gone are the days when this was an inexpensive, swapsie hobby enjoyed by school children. For decades the hobby has increasingly grown out of reach for many. Back to topic… I’m surprised more SF collectors have not yet commented on this patch or ventured opinions on the current price. I should like to hear the opinions of Mike B, Belly, 3battalion, HamandJam et al. |
Price increases
When the pandemic started nearly two years ago with HM government handing out sums of money to people who were in need someone said to me "Who is paying for this?"
My reply was "we will as everything will go up in price", but I never expected to see a cloth badge rise in price as this one has. What price will it reach? Will the bidder pay up? We await and see . . ! Rob |
Someone I used to see every week sold one of several of the same badge out of a 50p/£ box that he didn't t rate as real, the buyer who was more than happy to end up paying nearly £1000 turned out to be an investment group.
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To a specialist Commando collector like me - the early 3 Commando with Troop numerals are extremely desirable. Relatively few survive. I was not going to comment, but clearly the market is difficult to fathom at times. It will be interesting to see how this all concludes ... Regards Mike |
Thanks very much Mike.
So it’s a particularly rare one and early by sounds of it. That in mind and potentially being a final gap in someone’s cloth Commando collection it could easily be a ‘must have’ for some ardent collectors. One wonders quite where it will end up! |
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I knew one collector of early raf badges, who on learning that the end is coming, brought every badge he needed to complete his collection, regardless of the price, and enjoyed having them for just over a year.
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The other interpretation as mentioned above is pure Shill bidding. I'm hopeless at spotting that sort of thing but is there anything to indicate from this and or previous sales that this may be the case?
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I’ve been shill bid twice on eBay each time it went up in 50p increments until the one which beat my bid was retracted. Obviously that was little league compared to this. So here either a legitimate bidder has bid £7,863 or £7,763. Notwithstanding given what has been said by Mike B it would not surprise me if both are legitimate bids. |
As others have already pointed out, it is unusual for experienced collectors to push on bids so early in a timed internet auction. Most, but not all, will either wait until near the end of an auction in an effort to gauge the level of interest, where of course they can fall foul of last second bids, or like me will use an automated sniping tool to place last minute bids up to their predetermined limit.
However, there is always the consideration that some bidders will place a high early bid in an effort to deter others by showing how serious their intent is. There are of course one or two other tricks but it would be a very unwise man who chose to reveal how he would play every hand. |
I don't know if it has any bearing, in regards to shill bidding, but last time I looked the leader was "private" so we could not see an ID.
Although not in my area, there are some high price, nothing like this I don't think, pieces I would truly love to have, but have no expectation of ever getting. I can, and am happy to put a nice reproduction in just to complete a display. At present I only have one such patch, an Australian nurses sleeve patch. I am quite happy with it, and even more so as it was a gift from a fellow member. If someday and by miracle I ever got a real one I would probably still keep it in the display because of it being a gift. Terry |
If, there is something unsual that I am bidding on, not necessarily on anything in this league, I will leave an early bid, as it makes it more difficult for the seller to accept a private offer from another buyer before the auction has run its course.
Several items that I have been bidding on have 'disappeared' over the years and it is annoying, not to mention ungentlemanly. |
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Dave. |
It is to do with making money, but if the seller accepts an offer, he never knows what he could have got for his item.
With the current Commando title he might have been delighted and possibly accepted a £3,000 offer within the first 24 hours. If, I had been in his position, the first question that I would have asked myself would be, "What is so special about this cloth title that someone is offering me £3,000 for it?" I would be tempted to take the offer as it is a large amount of money, and if I didn't, I would run the risk of having to sell it to the highest bidder at the end of the auction for £9.99, if that was the highest bid. If the offer, had been £50, I would almost certainly have let the auction run its course. Not particularly gentlemanly, I will admit. Simon. |
Your third paragraph highlights the flaw in the first.
Last week I ‘best offer’-ed someone £9 plus P&P for a 1916 Devonshire. They rejected it outright, the auction ran and it sold for a maiden £7.50 to someone else. So that seller knows he could’ve got £9 but ended up with £7.50. That’s why auctions are a gamble. Things can sell for more than they’re worth or less, no guarantees. The whole idea of an auction is not particularly gentlemanly if you think about it, person with more money always wins. |
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Both do seem to withdraw bids quite often though, that is something I consider ungentlemanly but within the rules. |
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After receiving two eMails from a very experienced and knowledgeable collector concerning this “bidding war” I am leaning toward the idea that something is definitely not “Kosher” here. Watch for a couple of others to suddenly materialize in a month or two! D.J.
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Something odd, indeed. Third highest bidder, e***7, dropped out at £185. Two bidders, 3***0 (private) and c***a (1282), took it from there. Fishy??? . . .
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