Crazy Ebay auction (A fool and his money...)

[Jwalling]

Hard to believe this is up to $132.50 at this moment...
https://www.ebay.com/itm/Ps5/164569036999 

At least give me a good sob story, FFS!

[BravoV]

Lots of aged/adult people said current young generation has really short attention span, and can not even read thru a single paragraph properly in a short glance ... I guess this is proof ?   

[daqq]

It's possible that it's a legit - if improperly placed and very hamfisted - attempt at crowdfunding. There's a number of stories where random strangers gave tons of cash to people they didn't know for various causes. See: https://time.com/5516037/gofundme-medical-bills-one-third-ceo/

[JackJones]

Look at the bid history. Most of the bids are coming from accounts with zero rating. It looks like genuine bids until $15, and then joke bids started rolling in.

https://www.ebay.com/bfl/viewbids/164569036999?item=164569036999&rt=nc&_trksid=p2047675.l2565

[Spirit532]

It's not joke bids. It's scalpers and their bots, which scrape eBay for "ps5" and bid if it's under retail price. That's why you see tons of people selling boxes - no one in their right mind would buy them, but to a bot, it looks legit, and they sell for thousands...

[smaultre]

No it's real people i think. Why no? spend some money (if you have it), to make other people happy.

[shig]

Look at the seller's trash history.

[Bud]

Well, people sell pixels , just  $1 per pixel.

http://www.milliondollarhomepage.com/

[DrG]

Don't  know why people have bid on this. Don't know if the bids are legitimate, bots, fools, honorable people being charitable (not likely, but I don't know what I don't know).

I do see that the item specifics are, obviously, indicating a Ps5, and, I would think, would make it quite reasonable to refuse payment at some point, regardless of what else is in the description. But if someone does pay thinking that they are getting a Ps5, they may need to go to Judge Judy rather than the Bay's adjudication process. I know what Judge Judy would do, she would yell at the seller...she's a badass 

[MadTux]

Trolling a couple of bots, I don't see anything wrong with that .

Wonder what happens afterwards. Other than using the wrong category, I don't see anything wrong with such auctions.

[I wanted a rude username]

It's scalpers and their bots

That seems unlikely. Scalpers would have well-established accounts, and would program their bots to snipe at the last moment, which is the optimal strategy for Vickrey-style second-price auctions.

[Jwalling]

But if someone does pay thinking that they are getting a Ps5, they may need to go to Judge Judy rather than the Bay's adjudication process. I know what Judge Judy would do, she would yell at the seller...she's a badass 

Damn I love that woman/show! If she had run for president, I would have voted for her. I think she would have won the last election if she had...

[Jwalling]

90 minutes till the auction closes. $560! 

[Syntax Error]

Sold $162.50

"Please note that you will only receive the wirtten note. "

Come on guys, at least bid on something that's svelt correctly. Maybe it's some L.A. in joke, or did the bidders really think the note was written by Banksy? Cool if it was. Not suggesting any #fake-art hysteria but, who the #fake-art is Sam Kolder anyway?

[Mr. Scram]

The seller may run into issues though. Selling boxes to a badly reading crowd isn't uncommon, but the seller named the listing PS5, and listed all appropriate specifications. This note isn't made by Sony and doesn't contain a 1 TB hard drive. Instead of exploiting greed and laziness the seller just committed fraud by misrepresenting his product.

[Jwalling]

Yeah, the $560 bid was retracted. Don't have to wonder why... That person had set their bid at $1000!

[Jwalling]

It looks like the lunacy runs deeper than I thought.
https://www.ebay.com/sch/i.html?_from=R40&_nkw=ps5&_sacat=0&LH_Sold=1&LH_Complete=1&_sop=16

Almost $75K for the one of them.

[coromonadalix]

loll up to 37K  and higher,  thats plain stupid   lolll      that made my day   

[sn4k3]

Here's the thing, the bot strategy is win the bid, no matter the price, so they set a high value to be the sure winner.
Then a real person will decide to pay or not when bid is over, no one will pay such values for a thing they can buy local with way less. If the deal is good the buyer will do the payment, otherwise jump to next and forget.
The objective is gather many good deals as possible, like less viewed listenings due errors or grammar

[kumarboopathi]

The bid price is unbelievable, i am so surprise the bid price boom it from $15 to $100

[schmitt trigger]

Just like PT Barnum said: There's a sucker born every minute.