How Is This Possible??? | FerrariChat

How Is This Possible???

Discussion in '308/328' started by wazie7262, May 14, 2011.

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  1. wazie7262

    wazie7262 Formula 3

    Feb 13, 2008
    2,357
    Temecula, CA
    Full Name:
    Scott
  2. ramosel

    ramosel Formula 3

    Sep 11, 2004
    1,237
    Meadow Vista, CA
    Full Name:
    R Moseley
    A fool and his money are soon parted...
    Thomas Tusser

    Rick
     
  3. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,365
    Seattle Area
    Full Name:
    Dave
    The lightning bolts on the dash are made of pure (.999 fine) unobtanium.

    That's why.

    Jedi


    [isn't there a whole thread on this car somewhere?]
     
  4. DWPC

    DWPC Formula Junior

    Mar 10, 2011
    733
    Sedona AZ
    Full Name:
    Dennis
    I don't know who's more delusional; the bidders...or the seller for setting an outrageous reserve on a DIY project gone wrong.
     
  5. viper_driver

    viper_driver Formula Junior

    Jan 1, 2009
    978
    Vegas
    Full Name:
    Jason
    It's sad... maybe they want to buy it and either go mission impossible to put it right or drive it off a cliff to put it out of its misery.
     
  6. pappy.72

    pappy.72 Formula Junior

    Nov 13, 2010
    536
    Elgin, IL
    Full Name:
    Dave
    It does have extensive records like the oil changes from EZ Lube.
     
  7. sbwarren

    sbwarren Karting

    Oct 5, 2010
    53
    Victoria,Australia
    Full Name:
    Shane
    Nice paint job, the brick he washes it with does a great job of removing the bugs,Enzo would be proud....
     
  8. Tony K

    Tony K Formula 3

    Jun 7, 2006
    1,779
    USA
    Full Name:
    Tony K.
    If you click on the bidding history, you will see that there are only two actual bidders on the car -- one with zero feedback and one with a score of six. One or both of those bidders is a shill, most typically one of the seller's buddies, bidding it up to something close to the reserve, but not going over, in order to drive up the price and make the auction look like somebody wants the car.

    With this technique, if there is in fact a real bidder on the car, the seller/shiller can see what that person is willing to pay for the car simply by outbidding them. Or, they might drive the real bidder to place a higher bid, hopefully one that will meet reserve. Either way, it makes it look like there is interest in the car, which may assuage the fears of potential bidders who are too scared to bid for themselves but may figure that the car is worth bidding on if they see others doing it.

    With the auction ended, if there is in fact a real bidder who didn't meet reserve, the seller may now choose to contact that bidder and try to negotiate a price, now having a good idea what that bidder was originally willing to pay.
     

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