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Reply to "(07/12/21) SOLD OUT! Santa Fe F3 Diesel Locomotive from Menards!"

@Dick S posted:

The one on the Internet is now up to $360!!!!!!!  Incredible.

On the whole, I have no problem with someone putting an item such as this on eBay, though I admit I do get tired of people who buy a limited release item for the sole purpose of immediately flipping it for a high price.

However, I have learned to mistrust eBay auctions set up as private listings only, as in this instance. I have seen prices jump unrealistically on too many of those auctions compared to typical eBay auctions.

Under private listing auctions, you can’t click on the IDs of the other bidders to see how often they have bid with a particular seller. And, because not an even an encrypted ID is visible for each bidder, you can’t tell who is driving up the price through small incremental bids. So there’s no way to see if shill bidding is at play.

I refuse to raise my initial bid after realizing the auction format.

This action had 15 bids with only four bidders ending at $405.

568E5B8F-B557-4C11-8635-74669369A666

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Last edited by Jim R.

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