Todays crazy eBay valuation https://www.ebay.co.uk/itm/392307906399
I think the original price new was around £500 and has recently been discontinued, so this price is utterly stupid.
That one has been listed and re-listed by them at that price for at least a couple of years now. Not sure the reasoning (if any) behind it.
Pretty much all their other items are similarly stupidly priced.
Insurance BS, probably. Some of the newer deregulations on insurance allow the adjuster to use prices found on CL, eBay and other online auction sites as a basis for valuation, rather than confirmed, known-real sales listings from a legitimate sales channel like Kelly Blue Book or NADA book values are created from.
Some entity with a money interest in that procurement chain (either finding an unusually high-priced or low-priced example) either puts up a bogus ad themselves or pays a third party to do so.
Then that valuation is used to generate an inflated replacement value by someone filing a claim, or by an adjuster to devalue a vehicle so replacement cost is much less than the actual fair market value.
![](https://i1183.photobucket.com/albums/x462/mnemennth/DSC06743Medium.jpg)
When my daily driver Saturn L300 was demolished by a jackhole in a jacked-up 4x4, the insurance company tried to do that BS on my claim; this car had at the time a NADA value of over $5K, yet they used this new regulation to bring that down to $2100 by using a list of bogus eBay and CL listings, THEN applying the usual insurance appraisal modifiers for high mileage and deducting for options they thought they could get away with saying it didn't have.
The only thing that saved my case was the fact it was a "replacement value" policy (because I
needed the car; it was essentially my independent contractor "company vehicle"), and the fact I did the legwork and tried to call/email every one of the listings used 5-10 times over the course of a week and never got a single response; proving they were bogus listings. I threatened legal action to get the correct appraisal for my vehicle and eventually had it adjusted to $4200 + keep the car (and they tried to fuck me on daily storage charges
![Face Palm :palm:](https://www.eevblog.com/forum/Smileys/default/xfacepalm.gif.pagespeed.ic.EBDwh1hCfo.png)
); not as much as it should have been, and it took 3 months of going back and forth with the insurance companies (mine and theirs) before the shit settled.
During which time I had to patch ol' bloo up with a new battery, relay module, strut and headlight cell just to keep working.
![Banging Head |O](https://www.eevblog.com/forum/Smileys/default/bangheadonwall.gif.pagespeed.ce.8iLbFYV4Bc.gif)
In retrospect I probably should have used the settlement to fix up ol' bloo, but I bought Franken-Cruiser and paid off another debt instead. It seemed the sensible thing to do at the time...
Point being that there's a whole underground fraud racket in bogus eBay/CL, etc. listings, as well as drug deals and prostitution as well. I'm certain these ridiculously high valuations of industrial equipment are somehow used similarly to these bogus car listings.Any time there's money changing hands, there's going to be somebody looking to find a way to game whatever system makes it possible. ![Confused :-//](https://www.eevblog.com/forum/Smileys/default/confused0024.gif.pagespeed.ce.5xOqKkq0Co.gif)
mnem
![Flogging A Dead Horse :horse:](https://www.eevblog.com/forum/Smileys/default/DeadHorse.gif)