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Well, it has been just a couple of days since the an eBay bidder from Japan won the Marilyn Monroe burial plotf or $4.6 million. And now that bidder has backed OUT!
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GinnyC
3 months ago 0 + -Good points you made, John!
In 2000 we sold a letter written by a famous person to a relative of mine. We didn't realize how popular it would be. It was bid up to $16,000 which amazed us. Then the high bidder backed out. Fortunately, for us, the underbidder bought the letter but for a day or so we were very upset, especially because I had told our relative that it was sold. Then not sold. Then sold. It was crazy!
Who determines what a high profile item is? Ebay? And is that really the point?
I agree with you, John, that the process of buying and selling on ebay needs to be one where sellers are protected as well as buyers. Having to be vulnerable in a world where there are a lot of people who have strange ideas about what is entertaining (like bidding on things on ebay with no intention of paying) makes doing business on ebay a very uncertain thing.
The results of some of these high profile auctions that don't work out dramatize on a smaller scale what occurs to most serious ebay sellers all the time.
andothers... (14:32)
3 months ago 0 + -Well, it was the bidders who got banned, but yes, they seem to be scatter shot blaming everyone but themselves. I definitely get that the bulk of the blame is going to the buyer and not the seller here though.
andothers... (19:16)
3 months ago 0 + -Solution to legitimate $10 bidders? Coming, I hope...