Anti Auction Gloat

A few years ago I was bidding on a nice Monarch lathe. I had it all but bought at $650, then someone else in the crowd stepped up and decided it was too good of deal to let it pass. We tarried back and forth for a few bids, and I just decided to walk away as there was a few things later I decided to save my money for. I think the bidding ended at $725. As it ended up, I didn't get my other items either. I left a note on the lathe to call if the bidder was interested in selling. He did end up calling me. His price had gone up to $1500 and he hadn't even moved it yet. I offered $1000. No sale.

Cruising through the ads last night. Metal lathe. No description. Called him up. It's the same guy. The same lathe. Price is now $2000, and he barely knows what the thing is. "Yeah, it's got a 15" holder thingy and some sort of thing on the end for turning long stuff". He had also bought a 36" x 8' that day for about $300. WAY to big for me. He wants $2000 for this thing too.

Grrr. It wouldn't annoy me nearly so much to get outbid by someone who intended to use it, or even a dealer that had a clue, but this guy....

Mentioned the guy's name to my dad, and he knew who he was. Apparently inherited a PILE of money and real esate and pissed it all away.

JW

Reply to
Jeridiah
Loading thread data ...

You should post his phone number here. Then we could all bid on it. Three hundred, four hundred, two-fifty, etc.

Jim

================================================== please reply to: JRR(zero) at yktvmv (dot) vnet (dot) ibm (dot) com ==================================================

Reply to
jim rozen

I'll bet that he's got it sitting outside to boot. He may not really have a lathe anymore.

-- Bob May Losing weight is easy! If you ever want to lose weight, eat and drink less. Works every time it is tried!

Reply to
Bob May

Keep watching the paper. I'd wager it will come down in price, maybe to less than your final bid.

Ron Thompson Was On the Beautiful Mississippi Gulf Coast, Now On the Beautiful Florida Space Coast, right beside the Kennedy Space Center, USA

formatting link

The ultimate result of shielding men from the effects of folly is to fill the world with fools.

--Herbert Spencer, English Philosopher (1820-1903)

Reply to
Ron Thompson

I like Jim's idea. Number please?

Shall it go in decreasing amounts, or let him think someone will show up with $5500? May as well screw with him. Then the OP can go look at it and offer his original bid after a shill looks and says it is worth $200.

michael

Reply to
michael

On Tue, 25 May 2004 18:18:03 GMT, Ron Thompson vaguely proposed a theory ......and in reply I say!: remove ns from my header address to reply via email

I doubt it. The OP said the guy bought it a few years ago, and apparently has not used it. He's in no hurry. Maybe he _should_ be if he's down on his luck, but he's a greedy bastard. They hang onto a thing at way overprice even though it's killing them and costing them.

*******************************************************

Sometimes in a workplace you find snot on the wall of the toilet cubicles. You feel "What sort of twisted child would do this?"....the internet seems full of them. It's very sad

Reply to
Old Nick

I find the idea intriguing, but ....

An anti-shill(push price down, not up). What a concept.

I think Old Nick is right, and the price is just going to stay(or move just a little).

Probably has been stored outside too. If that was the case, I think I would have to cry. I've kicked myself ever since I missed that one, and to have it end up like this just adds a little salt to the wound.

JW

Reply to
Jeridiah

$5500? May

bid after a

Reply to
Fuhh

You were apparently dealing with very inexperienced sellers.

RJ

Reply to
Backlash

It seems rather unethical to deal with private sellers in such a fashion. Is the deal really that sweet knowing you screwed the guy out of the money through an organized program of deceit?

Reply to
ATP

snip This is what management does to workers every day.

Reply to
Stephen Young

Let me clarify. I'm AGAINST that sort of thing. A seller should have already researched the value of their item, and have a set price in mind, so as not to be taken in with that sort of thing. That was the reason for my statement about inexperience. The little game they're talking about won't work on me, because I know what I'm going to get for an item, and before I'd sell it for less, I'd give it to someone in need, or soak it in gas and stick a match to it right in front of the unscrupulous potential buyer, just to see the look on his face. My best friend has done this before, on a collectable, after the guy pissed him off. His theory is that it made the ones left in the world more valuable. We sell things because we WANT to, not because we need to, therefore we have that luxury, and that resolve.

RJ

Reply to
Backlash

I was referring to the OP, not you, sorry I didn't make that clear. Sellers should research the value of their goods, but in the real world, they are often at a disadvantage for various reasons. We can't all be experts in everything :-)

Reply to
ATP

Something smells a little fish here folks.

How many of you have three friends who would volunteer to go to a strangers house and pretend to be a potential customer for a used piece of whatever and then verbally bash it and put it down in the hopes that fourth person would actually be able to buy the item at a reduced price.

I don't have three friends like that...... Do you.?????

Especially friends that would do something like that more than once.

I smell fish...... How about you.?????

Reply to
Shiver Me Timbers

A friend of mine did this from a different angle. He wanted to trade in his Pugeot so he had a couple of people call the dealer looking for one, When he brought his in to trade he got a very good offer because the dealer thought he had several poten tial buyers for the car, but they were shills.

Reply to
Nick Hull

I wonder what happened to the notion of Ethics?

Oh yeah, I forgot - you can make more money if you leave them behind ---

sad, isn't it, what we stoop to - I guess prisoner abuse, fraudulent accounting, and political payoffs are just the logical extension.

Both of these scenarios are wrong. they are cheating a person or a business. If someone cheats themselves, so be it, if someone is dishonest, then no problem, but as stated, these are problem scenarios

Reply to
william_b_noble

Don't sweat it William.

After selling new and used cars for many years I can tell you that when trading in Betsy the first thing the dealer is interested in is the wholesale value of the car.

That's why they all have those little black books that are updated weekly.

One of the biggest mistakes and traps that consumers fall into, is loosing sight of what the difference is between the retail price of the new car and what they are getting for their trade.

Boys..... When your trading in the clunker it doesn't matter what you get on trade, it only matters what YOU pay as the difference.

If the previous poster truely thinks that they got the best of a car dealer when trading in a Pugeot ( of all things ) then let them.

People don't get to be dealer principles (owners), sales managers, or running the box (finance end), because they are dumb.

QUIKEY QUESTION -----> How many of you really believe that you can buy at car at zero percent interest, or dealer invoice.

Cause if you do then there is that famous bridge in Brooklyn that I'll let you have for a hundred buck cash.

Reply to
Shiver Me Timbers

it isn't whether the ploy was successful, it's unethical to try to cheat someone. Even a car dealer (there are some honest ones out there, I met one once)

as for the "at >

Reply to
william_b_noble

Dealers don't actually pay invoice for their cars (at least they don't if they keep them on their lots for less than 90 days). Different manufacturers have differing amounts of hold back. I don't know what it is currently for GM, but for Nissan it is 3%. There are often other incentives too. Inovice pricing is just a sales tool.

Gary

Reply to
Gary Coffman

Gary..wierd question..but one Ive always wondered about....

What happens when a dealer simply cannot sell a particular new car. Lets say its 2003 and the 2004s are coming out. They still have one on the lot from 2002. Do they return it to the factory?

Gunner

That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there. - George Orwell

Reply to
Gunner

PolyTech Forum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.