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  #1  
Old 01-02-22, 10:17 PM
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Default That escalated quickly

From £0.25 to £7,599.00 within two days, where will it end?

https://www.ebay.co.uk/itm/403441872830?
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  #2  
Old 01-02-22, 10:22 PM
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7 days to go!
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  #3  
Old 01-02-22, 10:22 PM
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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.

Last edited by Luke H; 02-02-22 at 09:48 AM. Reason: curtain* not cape
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  #4  
Old 01-02-22, 10:42 PM
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WOW! £7,599.00 for a 3 Commando 2 Troop cloth title. Is it really worth that much?

Mick
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  #5  
Old 02-02-22, 02:39 AM
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Originally Posted by slick_mick View Post
WOW! £7,599.00 for a 3 Commando 2 Troop cloth title. Is it really worth that much?

Mick
Yes, if one finds absurd exorbitance over a bit of cloth reasonable.

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  #6  
Old 02-02-22, 07:55 AM
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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
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  #7  
Old 02-02-22, 08:49 AM
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£7863 now!!!
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  #8  
Old 02-02-22, 09:44 AM
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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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  #9  
Old 02-02-22, 09:51 AM
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£7863 now!!!
Now I wouldn’t want to try to explain that one to the wife

Gerard
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  #10  
Old 02-02-22, 09:59 AM
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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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  #11  
Old 02-02-22, 10:07 AM
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Now I wouldn’t want to try to explain that one to the wife

Gerard
He can't be married, unless he's got quite the substantial secret badge fund!
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  #12  
Old 02-02-22, 11:01 AM
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Quote:
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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.
I would guess that one bidder (who is winning) initially put a very high maximum bid and the other one keeps 'testing' how high it is , thus bumping the price up very quickly. A lot of the bids are "automatic" , so each time the second bidder tries they get the "you have been outbid" message and try a slightly higher bid.

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 ?

.
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  #13  
Old 02-02-22, 11:37 AM
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Quote:
Originally Posted by mike_vee View Post
I would guess that one bidder (who is winning) initially put a very high maximum bid and the other one keeps 'testing' how high it is , thus bumping the price up very quickly. A lot of the bids are "automatic" , so each time the second bidder tries they get the "you have been outbid" message and try a slightly higher bid.

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 ?

.
If the winning bidder retracts their last bid citing an error in the amount, the auction would then show the next highest bidder as being the person winning the auction.

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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  #14  
Old 02-02-22, 12:02 PM
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Quote:
Originally Posted by mike_vee View Post
I would guess that one bidder (who is winning) initially put a very high maximum bid and the other one keeps 'testing' how high it is , thus bumping the price up very quickly. A lot of the bids are "automatic" , so each time the second bidder tries they get the "you have been outbid" message and try a slightly higher bid.
That tactic doesn’t make much sense with a week to go and obvious serious competition emerging.

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:
Originally Posted by mike_vee View Post

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 ?

.
I believe the seller can go to the next highest bidder. I’m unsure if this method removes all their bids however or just takes it to the underbidders highest bid.

So at present that may mean it falling back to £7,763 or £227! Quite a difference.
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  #15  
Old 02-02-22, 12:26 PM
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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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