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What The Heck Is Going On With This Ebay Seller?

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Posted 06/25/2022   6:17 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this topic Add revenuecollector to your friends list Get a Link to this Message
The link below is to their Sold items in the stamps category. Either they have stumbled across The Mystical Fountain of Crazy Stupid Buyers, or it's a money laundering operation, or ???

These actual sold prices are beyond crazy.

What gives?

https://www.ebay.com/sch/260/i.html...H_Complete=1
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Posted 06/25/2022   6:23 pm  Show Profile Check GeoffHa's eBay Listings Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Indeed. I looked at a couple of the BC lots - NZ and some omnibus. A couple of quid at the most, going for tens of $. Murky.
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Posted 06/25/2022   7:30 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
Somethin sure looks funny
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Posted 06/25/2022   7:46 pm  Show Profile Bookmark this reply Add alub to your friends list  Get a Link to this Reply
It's a lot of work to launder about $6,000 in the month of June.

Also, who lists a buy-it-now for $375.46 or $74.02 (as opposed to the one listed for $74.03)?
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Posted 06/25/2022   7:58 pm  Show Profile Bookmark this reply Add Parcelpostguy to your friends list  Get a Link to this Reply
Low value money laundering at the rate of only approximately $30,000 per 90 days. On eBay 8 years. Perhaps the seller is just getting lucky with naive buyers.
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Posted 06/25/2022   9:42 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Laundering $$$ is not the only (or most common) reason for cooking the books of a business. For example, pump and dump is a common scheme.
Don
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Posted 06/25/2022   10:05 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
What kind of sorcery is this?
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Posted 06/26/2022   01:46 am  Show Profile Bookmark this reply Add caspian65 to your friends list  Get a Link to this Reply
In regards to the strange sale amounts, it may not be the case here, but I have seen when a seller lowers the price of a buy-it-now item by a certain percentage. It can skew what started as an even number into something quirky.
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Posted 06/26/2022   08:11 am  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
If those are "lowered" sale prices, they're even more crazy... it's not the actual dollars and cents that struck me, but the magnitude by which buyers overpaid for this merchandise...across the board.
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Posted 06/26/2022   08:16 am  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
and he supposedly has 589 followers???
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Posted 06/26/2022   08:28 am  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
If a person wanted to sell his stamp business, and/or wanted to get more for it than it is worth, they would want to pump up the sales. They would calculate how much each transaction they would have to pay eBay and consider this a cost of increasing the likelihood of selling the business at a much higher price. They might even make listings and 'sales' to fall just short of the eBay jump in cost percentage.

They would make a bunch of eBay accounts, start selling to themselves, controlling each 'sale'. Within a short period of time, they would have a 'profitable' business with plenty of 'sales', plenty of followers, low cost of customer acquisition, and high margins. this could easily make an unsaleable business saleable or greatly increase the sale value of a business.

Making good money is not always about having a business, it often is more about selling a business.
Don
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Posted 06/26/2022   08:33 am  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
So in other words, committing fraud.
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Posted 06/26/2022   09:44 am  Show Profile Bookmark this reply Add classic_paper to your friends list  Get a Link to this Reply
It's the same few "buyers" over and over.
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Posted 06/26/2022   11:44 am  Show Profile Bookmark this reply Add OzwaldO to your friends list  Get a Link to this Reply
Definitely a "mystical fountain" of something!
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Posted 06/26/2022   6:23 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
"If a person wanted to sell his stamp business, and/or wanted to get more for it than it is worth, they would want to pump up the sales."

But only a fool who knows nothing about stamps would buy this business. Anyone who know anything about stamps knows there is funny business going on.
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Posted 06/26/2022   7:22 pm  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Perhaps it is easier to find a single person to buy a gross overpriced business than it is to find a few hundred buyers to buy grossly over-priced stamps.
Don
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