Irrational Tool Bidding

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Forum topic by langski93 posted 11-01-2010 07:16 PM 1140 views 0 times favorited 6 replies Add to Favorites Watch
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111 posts in 3458 days

11-01-2010 07:16 PM

I was bidding on a LN rabbet block plane at an auction going on right now, at everyone’s favorite e auction site. I went as high as $130, but now the bid price is over the cost of buying direct from Lie Nielsen, so I bailed out. The current bid is $178.49 which is $13.49 over (LN direct is $165.00 + $6.00 shipping) and that does not include the extra $10.00 for shipping the seller is going to charge. Its also a new plane, but I would get the service and guarantee from the mfg. for less money and piece of mind. My rational to buy at auction would be to A) save some money or B) to aquire something rare. Neither of which is happening here. Am I missing something? I don’t pay sales tax here in Cow Hampshire, is sales tax a factor at play here?


-- Langski, New Hampshire

6 replies so far

View GaryL's profile


1099 posts in 2855 days

#1 posted 11-01-2010 07:24 PM

I use to frequent e-bay quite often but have not been on there for probably at least a year or more. People would bid crazy prices for worn out junk (in my opinion). Then when you search for a particular item you get auctions (usually cheap junk)that repeat themselves over and over in the results list for your search. It started taking to much time to sort through the garbage. Scammers would bombard their auctions with tag words so their’s would come up on more searches.
I now am a Lumberjocks and craigslist junkie….is there a cure????

-- Gary; Marysville, MI...Involve your children in your projects as much as possible, the return is priceless.

View ChrisForthofer's profile


150 posts in 3092 days

#2 posted 11-01-2010 07:34 PM

Some people just gotta “win”. Friend of mine went to an estate sale the victims of some white collar embezeling were having. 4 people at the company had funneled like 4 million out of the company and had just mainly bought anything and everything they could, needed or not. Well in an attempt to get back their losses the company who was embezeled from was selling all the stuff that these 4 had bought with the stolen funds. Some of it still in boxes/crates unopened. Well he had several items he was interested in, did the research as to what they went for retail and hoped to pick up a deal. All of them went for WAY over retail value, one sticks in my mind in particular. A craftsman rididng mower that went for nearly 800 dollars more than you could have bought it at Sears, NOT on sale.

What is that saying? “A fool and his money are soon parted”


-- -Director of slipshod craftsmanship and attention deficit woodworking

View CharlieM1958's profile


16275 posts in 4243 days

#3 posted 11-01-2010 07:36 PM

I, too, am a former frequent eBay buyer who rarely purchases anything there these days. I used to be able to find decent bargains, but now it seems like everything up for bid s either junk, or gets bid up to a not-so-bargain price in short order.

Most of the better deals still to be found are in some of the sellers stores with buy-it-now prices.

-- Charlie M. "Woodworking - patience = firewood"

View lilredweldingrod's profile


2496 posts in 3132 days

#4 posted 11-01-2010 08:21 PM

This falls under the heading; “A fool and his money are soon parted.”

View richgreer's profile


4541 posts in 3099 days

#5 posted 11-01-2010 08:27 PM

I have been a frequent e-bay buyer and I continue to look for good deals. However, it is getting harder and harder to find good deals on quality tools. You have to maintain discipline and avoid getting sucked into the “I’ve got to win” mindset.

Recently, I bought a like new Lie-Nielsen No. 4 smoothing plane for $230 (normal retail $350). The seller listed it as a “Buy it Now” for $230 and it was only up for sale about 15 minutes. That’s just good luck but it seems you need that to get a good deal anymore.

I have a theory – - I think some e-bay items are attractive to people in countries with high VAT because they avoid the VAT on an e-bay purchase. That can explain why some items are going for more than normal retail.

-- Rich, Cedar Rapids, IA - I'm a woodworker. I don't create beauty, I reveal it.

View Dennisgrosen's profile


10880 posts in 3140 days

#6 posted 11-01-2010 08:46 PM

I gess its the same as what happen to a player at the table in a casino
the game / auction develop some kind of a drug over it and they just go nuts
becourse they havn´t said to them self before living home or in this case
what is the max I will give for for the item / play for and how much can I afford to loose

take care

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