I just watched a KO Reflector end on ebay for $127.50 + $10 shipping. See it here Why would anyone spend that kind of money on a KO toy? Seems like there are not very knowledgeable buyers on ebay. You can get exact same item on kotoys for $47 shipped. I am almost tempted to purchase a bunch of these and sell them on ebay. A 200% ROI is better than any stock market. haha.
Someone correct me if I'm wrong but I remember seeing someone sell ko's of Reflector for 20 bucks at Botcon. That's listing is fricken insane. I'm thinking shill bidding.
Shill billing is when a seller has a plant (normally a friend) who will put in fake bids to up prices, and hopefully find a mark who looks at the rising bids and goes for it.
That is one of the reasons i don't bid on shit.I only look at BINs.If you do find a good deal on bidding,someone might snip you out.
Oh wow, that is def not cool. I would hope people are smart enough not to fall for this tactic. However I think in the case of this auction, they succeeded in finding a "mark".
It's mostly a nightmare for people using those snipe bots that automatically try to high bid with seconds left, bc the person won't even know having went to bed or being AFK, and come back to having spent $400 on something he should've spend 60 for.
That's why I always bid at the last second. I decide how much I'll pay. If the bidding goes over that before it gets to the end, I remove the auction from my watch list. Won't the snipe bots only go as high as they put in for a maximum?
I don't think this is that out of the ordinary. Those G1 KO figures sell for far more money than I (or anyone) would expect a KO to sell for. I think people are willing to pay for anything guaranteed mint looking, as opposed to just shelling out money for a vintage figure that might have a paint chip or something. Or they want an MISB collection at 10% of the price.
And then after the auction ends, get lots of messages like, "I forgot to bid, will you still sell it to me for $X.XX?"
A knock off reflector only goes for10?? I bought a high end knock off, basically the toy but not produced by hasbro and it was a lot more than 10...no way you can make and sell what i bought for 10. EDIT I just checked the auction and mine is not that one. Mine came in the white box the mailorder came in but it is a knock off.
yeah there definitely are a lot of not so knowledgeable buyers. Thats how sellers can get away by just saying its a "reissue" and selling KO items at a high price. Sad thing bec if these buyers just spent a few minutes of research, they'd save a lot of money
the best part is when some a hole uses the shill bidding technique and then i get outbid and the same guy tries to get me to second chance offer. i tell the guy to GFY.
oh, that hasn't happened to me before, but i've seen some people put up the same item up again for auction after it ends. always suspected that's what happened hehe
Then why are they surprised if they have to spend that much? If you want it for a steal, then don't put a bid that high and wait for one that fits your price . Shill bidding sucks, but it isn't their fault that you spent a lot of money.
