What The Heck Is Going On With This Ebay Seller?

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

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.

Somethin sure looks funny

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)?

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.

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

What kind of sorcery is this?

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.

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.

and he supposedly has 589 followers???

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

So in other words, committing fraud.

It's the same few "buyers" over and over.

Definitely a "mystical fountain" of something!

"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.

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