At least there were peanuts. I bought a Raleigh Competition GS off of eBay, and it got shipped in two boxes: one for the complete bike minus the wheels; the other had the two wheels. Neither box had ANY packing material at all. The bike was just dropped inside the cardboard box, free to bounce about, and the box was taped up. Same for the box of wheels. Miraculously everything arrived without any damage!