That escalated quickly

[Luc]

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

https://www.ebay.co.uk/itm/403441872830?

[CAM]

7 days to go!

[Luke H]

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.

[slick_mick]

WOW! £7,599.00 for a 3 Commando 2 Troop cloth title. Is it really worth that much?

Mick

[cbuehler]

Originally Posted by slick_mick

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.

CB

[3dg]

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

[3dg]

£7863 now!!!

[altcar73]

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.

[gb64]

Originally Posted by 3dg

£7863 now!!!

Now I wouldn’t want to try to explain that one to the wife

Gerard

[Luke H]

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.

[3dg]

Originally Posted by gb64

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!

[mike_vee]

Originally Posted by Luke H

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 ?

.

[ajc347]

Originally Posted by mike_vee

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.

[Luke H]

Originally Posted by mike_vee

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.

Originally Posted by mike_vee

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.

[mike_vee]

Thanks guys , I wasn't sure about the rules and wondered if someone could bump up the price and then withdraw their bid.

.