You should see if they need modsThe thing that really ****** me off about Gunbroker is their "50 post rule".
I hate when someone says "well that's what it's going for on gunbroker" It seems to me that the prices on there are artificially high, someone could just keep bidding to bump up the price, causing the "price" to be that high......
That's why I only look at completed auctions (ones that actually sold at a given price). It's not perfect, but it's still a good idea of what prices the market will bear.I hate when someone says "well that's what it's going for on gunbroker" It seems to me that the prices on there are artificially high, someone could just keep bidding to bump up the price, causing the "price" to be that high......
Never underestimate the need to "win".I hate when someone says "well that's what it's going for on gunbroker" It seems to me that the prices on there are artificially high, someone could just keep bidding to bump up the price, causing the "price" to be that high......
^^^This^^^Never underestimate the need to "win".
A visit to a local auction can be informative.
Just a question to all. Can Joe put up a gun on GB, and have friends Bob and Jim bid it up hoping to get a bidder to buy high, then if it does not hoppen still have one of the friends win the auction and close it out as a high sale? Then put it up again with the worst being they have another comparable in the system at a high price?That's why I only look at completed auctions (ones that actually sold at a given price). It's not perfect, but it's still a good idea of what prices the market will bear.
I think so in theory at least. Don't know how often that actually happens though.Just a question to all. Can Joe put up a gun on GB, and have friends Bob and Jim bid it up hoping to get a bidder to buy high, then if it does not hoppen still have one of the friends win the auction and close it out as a high sale? Then put it up again with the worst being they have another comparable in the system at a high price?
That could certainly could skew the market…I think so in theory at least. Don't know how often that actually happens though.
Yes, it can happen, and yes it does happen.Just a question to all. Can Joe put up a gun on GB, and have friends Bob and Jim bid it up hoping to get a bidder to buy high, then if it does not hoppen still have one of the friends win the auction and close it out as a high sale? Then put it up again with the worst being they have another comparable in the system at a high price?
Doesn't surprise me.I suspected a shill bidder once on GB. I did report it, not sure what if anything happened.
The firearm location (Florida) and the person bidding against me also lived in Florida.
I finally quit bidding when it was above retail locally. Yes I realize it could have been legit, just seemed "off", I suspected the other bidder could have been a friend, or the same person with two accts. Who knows. GB never did follow up with me FWIW.
Not sure if it was a shill bidding situation, but I was watching an xd-45 compact a few weeks ago that sold for $492 with 39 bids. A few days later, the same gun was listed again. This time it sold for $425 with only 13 bids. So the seller lost money if it was a shill situation.Just a question to all. Can Joe put up a gun on GB, and have friends Bob and Jim bid it up hoping to get a bidder to buy high, then if it does not hoppen still have one of the friends win the auction and close it out as a high sale? Then put it up again with the worst being they have another comparable in the system at a high price?
So it seems to me the seller paid himself $492 minus the GB fees, then sold at $425, that could be a run up number, and would only be out the fees on the $492 sale.Not sure if it was a shill bidding situation, but I was watching an xd-45 compact a few weeks ago that sold for $492 with 39 bids. A few days later, the same gun was listed again. This time it sold for $425 with only 13 bids. So the seller lost money if it was a shill situation.
Makes one wonder.
Yeah, I'm not sure what the situation was. I just know $425 was as high as I would go, and I didn't ask the seller why it was relisted.So it seems to me the seller paid himself $492 minus the GB fees, then sold at $425, that could be a run up number, and would only be out the fees on the $492 sale.
I have detected it a time or two in 7 years of using the siteNot sure what you mean here. If your talking about shill bidding, yes that can happen. Not sure how often it does, but it's possible.
Yes, they could but somebody has to pay WalletBreaker each time the sale is closed spuriouslyJust a question to all. Can Joe put up a gun on GB, and have friends Bob and Jim bid it up hoping to get a bidder to buy high, then if it does not hoppen still have one of the friends win the auction and close it out as a high sale? Then put it up again with the worst being they have another comparable in the system at a high price?
Seller could have had a non-paying bidder the first time and it would not be apparent to a potential buyerNot sure if it was a shill bidding situation, but I was watching an xd-45 compact a few weeks ago that sold for $492 with 39 bids. A few days later, the same gun was listed again. This time it sold for $425 with only 13 bids. So the seller lost money if it was a shill situation.
Makes one wonder.
That's why I only look at completed auctions (ones that actually sold at a given price). It's not perfect, but it's still a good idea of what prices the market will bear.