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Thread: $15k for an iPhone? Whats with these listings?

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  1. #1

    Nov 2013
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    All Types Of Treasure Hunting

    $15k for an iPhone? What's with these listings?

    I've been noticing this for a while now - when I search a common item, sold listings, price high to low, there are extreme outliers on top (example: iphone 5s | eBay).

    The sellers usually have little to no feedback, and buyers generally have a few (highest I saw was 28).

    So what's the angle? Money laundering? Trying to expedite some kind of "volume seller" rating? Been scrolling through more of these trying to place realistic values on electronics, so just curious.

  2. #2

    Dec 2003
    Western Schuylkill County
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    maybe wishfull that a moron will bid

  3. #3
    Charter Member
    us
    IT COULD BE A VALUABLE PRIZE "YOU NEVER KNOW"

    Nov 2006
    N.E. Ohio on lake Erie
    ** WHAT ONE I FEEL LIKE ON HUNTING DAY *****
    8,159
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    ANY TYPE OF TREASURE HUNTING THAT PUTS MONEY IN MY POCKET
    If you go into his completed items on Ebay you will see that his items have sold of any were from $200.00 to $500.00 .. And his prices are back to normal could have been a Ebay mistake..
    Last edited by Keppy; Feb 09, 2015 at 12:47 PM.
    ".. Let no one know what , when , or where ..'

  4. #4

    Nov 2013
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    Quote Originally Posted by Keppy View Post
    If you go into his completed items on Ebay you will see that his items have sold of any were from $200.00 to $500.00 .. And his prices are back to normal could have been a Ebay mistake..
    There are multiple sellers doing this, but the realized number could be the result of a glitch. Most of them originate from questionable sellers, which makes me think there's something more to it

  5. #5
    Charter Member
    um
    Jul 2004
    South Florida Cesspool
    Tesoro Sand Shark, Whites M6
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    I've seen some crazy "sold for" prices on Iphones and wondered what was up (or what were they up to) myself. I think it's sportbidders and scammers (shill bidders). What they are trying to accomplish, I have no idea.

  6. #6

    Dec 2003
    Western Schuylkill County
    MINELAB EXPLORER SE PRO ....... Garrett Pro Pointer…… Sovereign XS-2 Pro
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    could these be Ebay in India or somewhere & The $ doesn't apply ?

    15000 Rupee equals $240.62 US

  7. #7
    Charter Member
    us
    Cat teaches man, not everything here serves him.

    Feb 2011
    S. Fl.
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    Ya'll know, now that I let my "criminal cat", out for a minute......
    what better way to move money around the planet, via Paypal and Ebay?

    Post a pic of some rare, high price painting or art piece(that you don't even own and never intend to ship), allow your "buyer" to purchase it(at ridiculous price), make monetary transfer, download funds to bank(can you download to West Union?), pay all the fees, everybody keeps their mouth shut, cause everyone is making money.... not that the companies would be aware or complicit.

    I'm sure there's been many past cases of idiot laundering, got more money than brains, and eventually they get caught. Or, it's just public knowledge, but, because they're "too big to suffer the consequences....", or certain ties, they get that pass, and slide.......

    Ok, I'll put "criminal cat", back up now.....
    the above is just assuming, it wasn't a glitch or hiccup.
    Yesterday is history, tomorow a mystery. All we have is the here and now, it's a special gift. That's why we call it "The Present"

    Pity the poor agnostic dyslexic insomniac who lies awake at night wondering if there really is a Dog.

    https://www.etsy.com/shop/patharp?ref=si_shop

  8. #8
    us
    Feb 2013
    Maryland/Vermont
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    Pat has a point, I've always wondered if there's any drug dealers or anything who sell crap items at weird prices, but are really selling other items and just using ebay or any other online selling platform as a front. Seems like that would be an easy way to move money around and stay somewhat under the radar. Who knows?
    diggummup likes this.

  9. #9
    us
    Jack Be Nimble

    Mar 2011
    490
    355 times
    All Types Of Treasure Hunting
    Quote Originally Posted by pat-tekker-cat View Post
    Ya'll know, now that I let my "criminal cat", out for a minute......
    what better way to move money around the planet, via Paypal and Ebay?

    Post a pic of some rare, high price painting or art piece(that you don't even own and never intend to ship), allow your "buyer" to purchase it(at ridiculous price), make monetary transfer, download funds to bank(can you download to West Union?), pay all the fees, everybody keeps their mouth shut, cause everyone is making money.... not that the companies would be aware or complicit.

    I'm sure there's been many past cases of idiot laundering, got more money than brains, and eventually they get caught. Or, it's just public knowledge, but, because they're "too big to suffer the consequences....", or certain ties, they get that pass, and slide.......

    Ok, I'll put "criminal cat", back up now.....
    the above is just assuming, it wasn't a glitch or hiccup.
    First you have to get the illegal cash into the bank/paypal without triggering the $10,000 reporting requirement. There is an estate sale company in my town that everyone believes is laundering money, because their prices are so high they never sell anything. On a Sunday,the house is practically 90% full. But -- It would be easy for them to pretend to the IRS they were selling several thousand dollars a day and deposit that money right into the bank as if it were real sales. On the expense side, they have twice as many employees than any other company, so they have high costs to offset the "sales."

  10. #10

    Nov 2013
    339
    144 times
    All Types Of Treasure Hunting
    Would be pretty stupid to launder money through items that could not possibly have a fraction of the realized value. Could just be lazy criminals. Dunno.

    I'm thinking these are people dodging some kind of trade regulation on bulk sales by selling lots of items under the guise of singles. Buyers are pre-arranged or tipped off by some kind of code in the seller's name/item description. That or a conversion glitch as some have suggested.

  11. #11
    us
    Mar 2010
    Florida
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    I saw a ridiculous sold for price on a common Pokémon card...it was the only item the seller had ever sold...in fact, there were two of these cards sold for thousands by two different, first time sellers...I couldn't figure it out.

  12. #12
    us
    Feb 2014
    1,289
    947 times
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    No scratches or CRACKs? I don't know, but something is definitely wrong there.

  13. #13
    us
    May 2013
    Southern New Jersey
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    I had a friend who back in 2009 spent $2500 for a pair of World Series tickets here in Phila. The wife went nuts and told him he had to sell the tickets. So he went on ebay and listed the pair for 50,000 bucks. When they didn't sell his wife let him go to the game.
    Bassmaster96 likes this.

  14. #14

    Apr 2014
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    Stayin' alive :D
    At times I have sold something locally that was also on ebay. If you cancel the ebay listing they want you to pay fees, assuming you sold it around them. I crank the item price up to at least $100k, and have ventured into the millions on occasion

    I also delete the photos and replace the description with 'no item', same with the title, make it local pick up only, etc. Then just let it eventually expire and do not relist it. Kinda funny how many views listings like that get.
    Last edited by ConceptualizedNetherlandr; Feb 15, 2015 at 05:36 PM.
    Bassmaster96 and mugsisme like this.

  15. #15
    us
    Mar 2010
    Florida
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    Quote Originally Posted by ConceptualizedNetherlandr View Post
    At times I have sold something locally that was also on ebay. If you cancel the ebay listing they want you to pay fees, assuming you sold it around them. I crank the item price up to at least $100k, and have ventured into the millions on occasion

    I also delete the photos and replace the description with 'no item', same with the title, make it local pick up only, etc. Then just let it eventually expire and do not relist it. Kinda funny how many views listings like that get.
    These were "sold for" listings.

 

 
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