Originally Posted by johnny99
Note that he does not say 60% of all bicycles are stolen. He says 60% of new bicycles sold on EBay are stolen. That statement makes more sense since the supply of brand new bikes is limited and restricted. I don't know if he included fraudulent listings in that number (i.e., foreign sellers who accept payment only by money order or bank wire).
Your correct and a more diligent reader of the article than I. Since there is no way to sort how many new vs. used bikes are listed short of counting them then my estimate is too high.
I would really like to know the details of the 2 shop theft/ebay listings that are referenced. Did ebay do anything about it once they knew? I was talking to my son who is into Mt. biking and he said there was a listing that the owner of the bike that was stolen contacted ebay to notify them it was a stolen bike and they refused to remove the listing.
My feeling on the whole matter is that there is much more stolen stuff on ebay than you think.