Quote:
Originally Posted by Dpeck100
I have been reading your posts on the various boards here about this "buying gang". When looking at the Rose I see 12 unique bidders above $2,000.
While I realize that the prices of cards can be manipulated to some degree for certain it seems highly unlikely that a pack of 12 buyers in this case would collude to drive an item higher.
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In regards to 12 different bidders above $2k, while a handful (on the lower end) of the bidders may indeed be legit, however, it would not be surprising if there is indeed a price manipulation in effect and that many of the 12 bidders may be from one source.
As a buyer on ebay, I used to rarely, if ever, come close to exceeding the $500 reward. Then ebay started offering the promos where they offer 8-10x the rewards. Now I seem to always exceed the $500 ebay buck reward on my account. While it may be against eBay's rules, I started using my wife's account and with the help of the 10x ebay bucks promos, my normal buying now began to max out 2 accounts. I started a 3rd account and through 2 months of this rewards cycle, I have maxed out two and just started on my third account.
So, it would not be surprising if the price manipulators also operated from multiple to numerous accounts as many average ebay users do in an attempt to maximize their rewards. It is REALLY easy to open a new account, especially when you are only buying. Obviously if there was more transparency in regards to knowing who the bidders are and if they are legit would remedy this type of price manipulation.