I watched the last 10 minutes of this auction (Hey, it was better than the Oscars). With about 8 min. to go, $9,600. Closed out at $16,000. It ain’t over til it’s over.

[http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1&item=4529787281&ssPageName=STRK:MEWA:IT]

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2002 E320 Sedan 93K Designo Mocha Black Metallic!
1995 E320 Wagon 205K Black Wagon
1982 240D 183K SloPoke

I believe each of these cars are the final production year for that model.

This auction is living proof on how not to bid on a vehicle:

Watch carefully:

"Antkyo" is high bidder on the vehicle at $10,000. Time: 19:04:59

"Floaters" puts in a proxy bid of $15,949. Time: 19:09:39

"Antkyo" proceeds to chase the proxy bid for the next two minutes until he is finally high bidder at $16,000. Time: 19:11:13.

Auction ends at 19:11:34.


If "Floaters" had waited until 10 seconds prior to the end of the auction, and put in the same proxy bid of $15,949, he would have won the vehicle at a price of $10,100.

My guess is that there will be buyer's remorse on this one and we will see it again.

[QUOTE=Brian Carlton]This auction is living proof on how not to bid on a vehicle:



If "Floaters" had waited until 10 seconds prior to the end of the auction, and put in the same proxy bid of $15,949, he would have won the vehicle at a price of $10,100.

Whatch-u- mean willis?
if Floaters put in $15948 he would have still lost... if he was $15,950 he would have won... I don't understand whow he would have got it for $10,100
Explain for the E-bay challenged like myself.
I lost a Fuel injection bid today for a similar situation...

if he had not given Antkyo the time to "chase" him, and he would have gotten it for far less than the final price.

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2002 E320 Sedan 93K Designo Mocha Black Metallic!
1995 E320 Wagon 205K Black Wagon
1982 240D 183K SloPoke

I believe each of these cars are the final production year for that model.

[QUOTE=bennett]When "Floaters" put in his bid of $15,949 there was nearly two minutes left in the auction. This was plenty of time for "Antkyo" to chase the proxy bid. You can see him doing that by going up in $1K increments in the final 1 1/2 minutes.

He finally passes "Floaters" just in time, right before the end of the auction.

However, if he had waited until 10 seconds prior to the end of the auction, and put in the same bid of $15,949., he would be the winner. "Antkyo" would have been the high bidder at $10,000. at that time (he probably would not have raised his proxy in the last two minutes) and "Floaters" would win the vehicle at $100. over the high bidder, $10,100. in this case. "Antkyo" would have no time to respond to the new bid in the last 10 seconds.

whoever the winner is, he/she/it is a crackhead. You could buy a good wagon for every day of the week for that money. yeesh.

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Redline Monocog 29er
2011 Mini Cooper Clubman
2005 Honda Element EX

www.djugurba.com
www.waldenwellness.com

Brian,

I agree with you that this is not "the way to bid" - at least not for us. We agree, I imagine, with the "bid once, bid your true max, bid as late as you consider safe" approach.

That said, I'd like to point out that one can't state with confidence that the car would have sold for $10,100 if Antkyo had tried to snipe Floaters instead of nibbling him to death. You're ignoring the possibility that other interested parties might have already had bids for $11k, $12k, $13k, $14k, etc. that were scheduled to be placed automatically within the final seconds of the auction, but couldn't be placed because, at that time, they were too low.

This is certainly true. But, I ask you, do you really believe that there are three crackheads (thanks Kevin ) in the auction who would pay over $10K for this vehicle??

Brian, I think we've been here before the last time a 123 diesel sold for a "crazy" price. It's back to the question of what something's worth, and I think we agreed then that it's pretty darn tough to assign a "market value" to one of these critters if it's believed (by the prospective buyers) to be in a particular condition - with crazy low miles on it.

Yes, I could believe that someone else would be willing to pay more than $10k for this vehicle. Maybe even someone who had every intention of reselling it at a profit later. If someone had bought it for $11k, then resold it for $15k or $16k, well, would he be a "crackhead" in your book?

Naturally, you are correct. However, my personal opinion is that I agree with Kevin. These vehicles typically don't sell for greater than $10K, unless they are in showroom condition.

If someone can purchase it for $11K and resell it for $16K, then more power to him!

As we have discussed many times in the past, and argued with Herb Phillips, just because a vehicle sells for $16K does not mean that it is worth $16K. It may sell for $16K on this one auction and may never again achieve a price above $10K.

Does that mean the vehicle dropped in price by $6K overnight? Of course not.

E-bay is a classic arena where items sell for more, or less, than their intrinsic worth. Have any doubts about this? I can refer to you to two sales by Herb Phillips of the exact same vehicle, a 1999 E300TD. One sells for $19,800. IIRC, and the second one (in better condition) sells for $14,500. So, it's your choice; one vehicle is overpriced, or one vehicle is underpriced. There is no other option.

Me thinks somebody is gonna give somebody bad feedback for not going through with the auction. AIN' T NO WAY someone would pay that kind of money for that car. Time will tell, probably the purchaser will not go through with the deal saying the car was not as represented etc......IMH, there is no description that could justify that price, but I could be wrong, it could have been a crack head (like djugurba stated) or more likely a dealer and user who was messed up but had the extra money to blow on it.

__________________
Mercedes Fleet:
2004 CL600 Designo Espresso SPORT
2004 S600 Designo Espresso SPORT/Lorinser Pkg.
1999 S320
1988 300TE
1972 280SEL 4.5
Diesel Fleet:
2014 GL350 Blutec
1987 300SDL Blk/Blk 4 place seating #18 head
1987 300SDL Smk Slv/Burgangy #17 head
1986 300SDL Blk Pearl/Palomino #14 head w/ 280K
1984 Lincoln Mark VII Fact BMW Turbo Diesel

Oouuch, you guys!
Can you imagine spending that kind of dough on that car, and then being relegated to world as a "crackhead"?
Thats gotta hurt!
Man, you could have three nice cars for that, with cash to spare...

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Think Alternative Energy!
300CD '80 (now gone but not forgotten...)

I do know one thing, that Antkyo was welling to pay $16,000 and that
Floaters was not.

Won't the bid list show if there were others in that range ?

Can we say money laundering scheme................

Seller has a car....his friend or even himself bid a rediculous amount....he gets the money....keeps the car............and it looks like he earned that money in a legitimate manner. And can deposit it in a bank knowing he can prove it as income becasue banks do report large deposits.

__________________
Proud owner of ....
1971 280SE W108
1979 300SD W116
1983 300D W123
1975 Ironhead Sportster chopper
1987 GMC 3/4 ton 4X4 Diesel
1989 Honda Civic (Heavily modified)
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Section 609 MVAC Certified
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"He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche