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Great example of what to watch out for w buying old tools on Ebay

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Forum topic by Dan posted 1023 days ago 1389 views 0 times favorited 28 replies Add to Favorites Watch
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Dan

3543 posts in 1464 days


1023 days ago

I saw this on ebay and my jaw dropped..

http://www.ebay.com/itm/Stanley-5-Hand-Plane-/230672812583?pt=LH_DefaultDomain_0&hash=item35b52bca27#ht_500wt_1361

A late model and common Stanley #5 going for over 70.00! There are #5’s that sell for 20 dollars or less everyday so this shocked me.. I decided to click and see who was bidding on it and sure enough there are a couple of bidders who are going back and forth on it, they have no feedback, new accounts and seem to only be bidding on this sellers items. In my opinion I think this is a great case of a seller making more then one account and then bidding on their own item to both attract interest from viewers and jack the price up.

Someone who may be newer to buying old tools may see the number of bids and think all the bids are because this particular item is in higher demand or better then the others…

I could be wrong here but I doubt it… So my point is if you are newer to buying stuff on ebay be very careful of things like this. If something does not seem right about the price check the bidders before you get suckered into thinking there is high demand for the item.

I love and hate ebay so much…

-- Dan - "Collector of Hand Planes"


28 replies so far

View Bertha's profile

Bertha

12951 posts in 1276 days


#1 posted 1023 days ago

Scammery. Run of the mill #5, not even very desirable, at the price of an early type in pristine condition. The shame. I agree that’s what’s happening.

It seems reportable but there’s no real category for the practice. I considered asking a question but I wasn’t certain it would be received correctly;)

-- My dad and I built a 65 chev pick up.I killed trannys in that thing for some reason-Hog

View Elizabeth's profile

Elizabeth

790 posts in 1727 days


#2 posted 1023 days ago

It’s reportable: First drop-down category is Listing practices, second is Fraudulent listing activities, and third is “Seller is using other accounts to inflate item price” but I don’t know if they expect you to prove it or if a suspicion is enough.

View Dan's profile

Dan

3543 posts in 1464 days


#3 posted 1023 days ago

Ya I don’t think there is really anything you can do about it other then what I did and warn people who may not know to look for that stuff. I can easily see someone newer to buying old tools off ebay seeing the number of bids on that item and thinking it was due to it being in higher demand.

Granted real bidding wars do happen and things do sometimes sell for more then usual but in this case where the bidders have basically no feedback and have only bid on this sellers item it just screams scam.

-- Dan - "Collector of Hand Planes"

View pierce85's profile

pierce85

508 posts in 1146 days


#4 posted 1023 days ago

Whatever the bidding circumstances, this plane is definitely not worth the $71.50 that it’s currently at.

I’ve been following plane prices on eBay religiously for the past several months and have noticed an increase with inflated pricing across the board (no pun intended). Everyone seems to think their “vintage” plane is a rare collector’s item or at least wants the unsuspecting buyer to think so.

I’m glad you posted this, Dan.

View poopiekat's profile

poopiekat

3525 posts in 2318 days


#5 posted 1023 days ago

Dan: you’ve got a good eye for deceitful practices on eBay. Theoretically, if a seller finds a way to drive up the price of his item, he automatically drives away his potential bidders. This is why, you’re safe if you pretty much know what an item SHOULD net as a final price. I doubt if any legitimate bidders really want that plane for the current price, and the seller will probably have to eat the listing. I just roll my eyes at these offerings where clearly the high bid appears to have been manipulated. This is one notch below the ‘Buy-it-now’ listings for flaky, rusty #45 Stanleys with a BIN price of $500. Kinda like trolling for marlin in a goldfish pond, isn’t it? Avoid these long-shot crapshooters and seek out the honest traders on eBay, they are still out there.

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

View pierce85's profile

pierce85

508 posts in 1146 days


#6 posted 1023 days ago

Well, the bidding ended at $73.00. The buyer was a new account – the first and only item that he/she bid on. So either a newbie got taken for a ride or the seller still has an unsold #5 to get rid of.

View poopiekat's profile

poopiekat

3525 posts in 2318 days


#7 posted 1023 days ago

Right, Pierce!
Wonder why all those bidders chomping at the bit for this #5 are not bothering to bid on the comparable other #5 he has listed? No bids at all on that one, closing tomorrow.

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

View Dan's profile

Dan

3543 posts in 1464 days


#8 posted 1023 days ago

At least with the “buy it now” the seller is asking for what ever price straight up. They aren’t using other accounts or methods to increase the price.

I have been buying on ebay for over 10 years but it wasn’t until about 2 years ago that I started buying old tools. When I first started getting old tools on ebay it took me some time to know what to look for even though I was not new to ebay itself. There are some planes and other old tools in my shop that I paid WAY to much for on ebay but it was at a time when I didn’t know what was what when it came to tools. Knowing me I would have been the guy who won that auction for that #5 and I would have had a smile on my face knowing I was the high bid out of 18 other bidders…

There are many good sellers, probably more good then bad but you still have to keep a sharp eye for things that seem out of sort.

-- Dan - "Collector of Hand Planes"

View Bill White's profile

Bill White

3318 posts in 2544 days


#9 posted 1023 days ago

Caveat emptor.
That’s my latin lesson for the day.
Bill

-- bill@magraphics.us

View Don W's profile

Don W

14474 posts in 1151 days


#10 posted 1023 days ago

wait! I have several #5 I’d sell for that!

-- Master hand plane hoarder. - http://timetestedtools.com

View PutnamEco's profile

PutnamEco

155 posts in 1870 days


#11 posted 1023 days ago

There are certainly a lot of dreamers on Ebay, thinking they will get rich by selling things for unrealistic prices. The dishonest ones are the worst.

-- “The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.” ― Franklin D. Roosevelt

View WayneC's profile

WayneC

12237 posts in 2681 days


#12 posted 1023 days ago

I got one I paid $3 for sitting on my bench…. I guess I should start selling.

-- We must guard our enthusiasm as we would our life - James Krenov

View Dennisgrosen's profile

Dennisgrosen

10850 posts in 1698 days


#13 posted 1023 days ago

you are maybee right in this case :-(
but if the item has pictures from every angle to document it
it usualy get alot higher price than the same one with only one picture
and if a seller has a good reputation on the bay then its drive the price up
but its usualy several bidders on the item unless a biddingwar is in progress

Dennis

View Dan's profile

Dan

3543 posts in 1464 days


#14 posted 1023 days ago

Don, If I could get 70+ for my #5’s I would be a rich man. It seems like I have a dozen or more 5’s and I have no clue why.

If someone wants to start their auction for a high price, thats fine. If they want to have a high buy it now price, thats fine to. Good luck to them. Its the ones that bid against their own items to jack up the price that I have a problem with. I am sure there are some sellers who have figured out a way to do it to where it cant even be detected.

The only thing that pisses me off more then that is sellers asking for crazy high shipping prices. They do that so they can get more money without paying the final sale fees to ebay.

-- Dan - "Collector of Hand Planes"

View pierce85's profile

pierce85

508 posts in 1146 days


#15 posted 1023 days ago

I don’t mind seeing buy it now listed planes at ridiculously high prices. What bugs me are those folks who actually buy such planes at those prices…

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