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Craigslist - an auction site????

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Craigslist - an auction site????

Old 04-10-10, 09:12 AM
  #1  
big chainring 
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Craigslist - an auction site????

More and more I am seeing make an offer on a bike listings on Chicago CL. I respond to the ad and they say the current best offer is...

This is baloney. CL is not an auction site.

I talked to a guy listing a Raleigh Grand Prix for $45 and he says the current bid is $65. Then he asks me how much do I bid. What??????
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Old 04-10-10, 09:42 AM
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Youre right, It isnt an auction site, but it is a place where you can solicit multiple offers without making a ton of effort. Its part of captialism, if there is demand for a particular product then the price will go up.
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Old 04-10-10, 09:50 AM
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CL specifically states that a price must be set, and that it is not an auction site.
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Old 04-10-10, 09:58 AM
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^yes, but what are you going to do? Flag his ads? OOooOOOooooh!!!! It'll take 20 seconds to put up a new ad. There's just no oversight on craigslist.

On the flip side, if you listed a bike and found you had listed it well under market value for your area, I'm sure you'd like the chance to take higher prices. It's not like this guy is Wal-Mart, putting you out of business. He's just another guy like you, probably trying to pay his next month's utility bill. Why shouldn't he get another $20 if the market will bear it?
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Old 04-10-10, 09:58 AM
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He's probably confused. Its probably listed in ebay too.

Lets flag him.

I just offered $24.99
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Old 04-10-10, 10:01 AM
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Sorry gang. It doesn't work that way in our market anymore. We tried flagging the offenders back into the stone age, but there are so many ways to do an end run for the seller.

Example:

I called on a Basso two weeks ago, and told the seller I would give him asking $$$. Not an OBO sale by the way. This was two minutes, maybe three after it was posted.

He said thanks for the offer, but wanted to give the ad a chance in the market. I asked what he meant. He said he thought someone would offer more.

On principle, I rescinded my offer and flagged the daylights out of him.

A friend ended up buying the bike anyway for 2 and a half times the asking $$$.

Sorry, but its the wild, wild west out there.
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Old 04-10-10, 10:04 AM
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This situation on Craigslist is annoying but what can one do about it? Though tempted to do so, I refuse to start flagging every listing that does not meet Craigslist Policy. Let Craigslist people police their own policies and leave Orwell's Big Brother thing out of it.
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Old 04-10-10, 10:05 AM
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Offer him $5,000, then don't return his calls or emails.

-Kurt
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Old 04-10-10, 10:10 AM
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So the moral of the story is, if someone is ignorant of the value of the item they are trying to sell, screw them.
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Old 04-10-10, 02:40 PM
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Originally Posted by iab View Post
So the moral of the story is, if someone is ignorant of the value of the item they are trying to sell, screw them.
No, the moral of the story is to follow the rules of the site you are using and do your friggin homework BEFORE you the list the item.
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Old 04-10-10, 02:52 PM
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Originally Posted by sonatageek View Post
No, the moral of the story is to follow the rules of the site you are using and do your friggin homework BEFORE you the list the item.
+10000000
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Old 04-10-10, 03:33 PM
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it is pure and simple GREED. shows like antique roadshow, american pickers, and pawn stars make people think anything old with a fancy name and coat of dust must be very valuable.

I am just sitting back and waiting for the C&V bike market to crash like the housing market did *giggle*
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Old 04-10-10, 03:49 PM
  #13  
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Originally Posted by sonatageek View Post
No, the moral of the story is to follow the rules of the site you are using and do your friggin homework BEFORE you the list the item.
:facepalm:

So every person out there needs to know the exact value of every collectable they own? And know exactly what items they own are collectable and which are not?

Cool. Since you obviously know everything, what is the value of this chair, +/- $20?




You could put it on Craig's list to avoid the hassle of ebay. You then could get a flood of emails, with some people offering more than what you listed. But I guess that even though you never solicited the offers, you are stuck only with the listed price.

And even if you get lucky and identify the chair without hours of work, I guess it is necessary to spend every waking hour determining the value of every piece of crap I own so I don't get ripped off by bottom-feeders.
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Old 04-10-10, 03:56 PM
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Originally Posted by iab View Post
:facepalm:

So every person out there needs to know the exact value of every collectable they own? And know exactly what items they own are collectable and which are not?

Cool. Since you obviously know everything, what is the value of this chair, +/- $20?


William Morris Sussex Style ca. 1880-1900. Looks small, so probably for a child
$265
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Old 04-10-10, 03:59 PM
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Originally Posted by JunkYardBike View Post
William Morris Sussex Style ca. 1880-1900. Looks small, so probably for a child
$265
Incorrect. That is the asking price from the website you back tracked.

If gramps gave you that chair, how exactly would you know the value?
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Old 04-10-10, 04:00 PM
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Originally Posted by iab View Post
Incorrect. That is the asking price from the website you back tracked.

If gramps gave you that chair, how exactly would you know the value?
Antiques Roadshow?
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Old 04-10-10, 04:01 PM
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Which episode?
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Old 04-10-10, 04:03 PM
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Craigs List is wide open, no controls, and free. It is ripe with such shenanigans. As far as the value of the chair, if it is just sitting around in the basement, taking up space, if I could get $100, what's the problem (even if it is "worth" $500?) Heck, I get stuff way under market at garage sales and thrift stores all of the time.
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Old 04-10-10, 04:06 PM
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Originally Posted by iab View Post
Which episode?
No, I'd bring it to one of their filmings. Or I'd pay a professional appraiser if I truly thought it was worth something.
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Old 04-10-10, 04:07 PM
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Originally Posted by wrk101 View Post
Craigs List is wide open, no controls, and free. It is ripe with such shenanigans. As far as the value of the chair, if it is just sitting around in the basement, taking up space, if I could get $100, what's the problem (even if it is "worth" $500?) Heck, I get stuff way under market at garage sales and thrift stores all of the time.
Fine. Put the chair on CL for $100. Are you going to turn down an offer of $150?
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Old 04-10-10, 04:09 PM
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Originally Posted by wrk101 View Post
Craigs List is wide open, no controls, and free. It is ripe with such shenanigans. As far as the value of the chair, if it is just sitting around in the basement, taking up space, if I could get $100, what's the problem (even if it is "worth" $500?) Heck, I get stuff way under market at garage sales and thrift stores all of the time.
+1 If I want to get rid of something, I often sell it for below market value so it moves fast. I don't mind giving someone a great deal, even if they plan to resell.

Selling bikes is different, because my goal is to increase my bike fund!
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Old 04-10-10, 04:12 PM
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A pair of WM chairs did not sell on eBay.co.uk for $314. The condition of those chairs were better then this example.

If one makes a big leap of faith by suggesting that the model of chair in the auction and the Sussex parallel each other in overall desirability, it could be assumed that a collector, on eBay, may be willing to purchase the chair above for $100 -/+.

This, however, fails to take into account the factor of location and method of sale.

-Kurt
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Old 04-10-10, 04:14 PM
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Originally Posted by JunkYardBike View Post
+1 If I want to get rid of something, I often sell it for below market value so it moves fast. I don't mind giving someone a great deal, even if they plan to resell.

Selling bikes is different, because my goal is to increase my bike fund!
I like this answer quite a bit.

I try to be ethical, and in return, I would hope the seller is using the same guidelines.
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Old 04-10-10, 04:14 PM
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prime example just posted.

ok, now, what is everyone going to offer for this bike? looks interesting... white components.
http://orangecounty.craigslist.org/bik/1686030857.html


"Crap Bike for Sale (Costa Mesa)

Date: 2010-04-10, 2:26PM PDT
Reply to: sale-kcxev-1686030857@craigslist.org [Errors when replying to ads?]

A friend wants me to get rid of his crap bike. It is free for me but I am selling it on for the best offer.

email me at: @gmail.com "

i prefer not to deal with these people at all.
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Old 04-10-10, 04:16 PM
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Originally Posted by JunkYardBike View Post
No, I'd bring it to one of their filmings. Or I'd pay a professional appraiser if I truly thought it was worth something.
So I need to bring every piece of crap to a show or pay a professional appraiser to determine a chair is worth $25. How much did that professional appraisal cost?

How about some low-hanging fruit. There are a bunch of bike experts here. What's this worth, +/- $20 ?



I got them from gramps. He bought them for his bike and never put them on. They have been sitting in a drawer for the last 75 years.
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