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What we collect!
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General Philatelic/Gen. Discussion : Any Ideas Why This Lot Sold For $99,999.00??

 

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Snick1946
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APS Life Member

24 Jul 2019
08:29:41pm
https://www.ebay.com/itm/the-supreme-global-stamp-album-afghanistan-ziare-1800-pages-free-shipping-/273928124791?hash=item3fc7637977:g:zn4aaoswn2xdao4d&nordt=true&ul_noapp=true&orig_cvip=true#itemTitle

It appears to be a run of the mill old collection, album is usable but pages appear to have acidic deterioration, binders not the greatest shape. I've looked over the sellers feedback and current listings, he sells mostly common stuff for under $20 or so. This sale just does not fit.

Could someone have hijacked his account to use for money laundering? Very strange.
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musicman
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APS #213005

24 Jul 2019
08:35:10pm
re: Any Ideas Why This Lot Sold For $99,999.00??

Most likely seller and bid winner working together;

seller didn't like the highest bid when time was running out, so a partner grossly overbid on it in the last second so owner could keep it. No money changed hands.


Happens a lot.

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sheepshanks
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24 Jul 2019
10:00:49pm
re: Any Ideas Why This Lot Sold For $99,999.00??

Sold for 204.50 according to his sold listings.
https://www.ebay.com/sch/trhodehamel/m.html?_nkw&_armrs=1&_ipg&_from&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2046732.m1684

There were 10 bids not counting automatic bids, it sold on 23rd June.

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ikeyPikey
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24 Jul 2019
10:25:52pm
re: Any Ideas Why This Lot Sold For $99,999.00??

'
A few thoughts.

1) Knowing zero about any of the individuals involved, let me note that account hijacking is not a prerequisite to money laundering.

2) Final value fees etc apply, so an actual sale (as opposed to a crushingly high bid) at U$D 99,999 would cost some people some money.

3) The risk of an early crushingly high bid is that the other bidders cannot see it and, therefor, every other bidder would continue bidding until their budget/interest ran out.

4) The advantage of a crushingly high bid in the last half-minute would be that the snipers would only have the chance to hit a few increments as the clock ran out.

Cheers,

/s/ ikeyPikey

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"I collect stamps today precisely the way I collected stamps when I was ten years old."
        

 

Author/Postings
Members Picture
Snick1946

APS Life Member
24 Jul 2019
08:29:41pm

https://www.ebay.com/itm/the-supreme-global-stamp-album-afghanistan-ziare-1800-pages-free-shipping-/273928124791?hash=item3fc7637977:g:zn4aaoswn2xdao4d&nordt=true&ul_noapp=true&orig_cvip=true#itemTitle

It appears to be a run of the mill old collection, album is usable but pages appear to have acidic deterioration, binders not the greatest shape. I've looked over the sellers feedback and current listings, he sells mostly common stuff for under $20 or so. This sale just does not fit.

Could someone have hijacked his account to use for money laundering? Very strange.

Like 
1 Member
likes this post.
Login to Like.
Members Picture
musicman

APS #213005
24 Jul 2019
08:35:10pm

re: Any Ideas Why This Lot Sold For $99,999.00??

Most likely seller and bid winner working together;

seller didn't like the highest bid when time was running out, so a partner grossly overbid on it in the last second so owner could keep it. No money changed hands.


Happens a lot.

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like this post.
Login to Like.
Members Picture
sheepshanks

24 Jul 2019
10:00:49pm

re: Any Ideas Why This Lot Sold For $99,999.00??

Sold for 204.50 according to his sold listings.
https://www.ebay.com/sch/trhodehamel/m.html?_nkw&_armrs=1&_ipg&_from&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2046732.m1684

There were 10 bids not counting automatic bids, it sold on 23rd June.

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Members Picture
ikeyPikey

24 Jul 2019
10:25:52pm

re: Any Ideas Why This Lot Sold For $99,999.00??

'
A few thoughts.

1) Knowing zero about any of the individuals involved, let me note that account hijacking is not a prerequisite to money laundering.

2) Final value fees etc apply, so an actual sale (as opposed to a crushingly high bid) at U$D 99,999 would cost some people some money.

3) The risk of an early crushingly high bid is that the other bidders cannot see it and, therefor, every other bidder would continue bidding until their budget/interest ran out.

4) The advantage of a crushingly high bid in the last half-minute would be that the snipers would only have the chance to hit a few increments as the clock ran out.

Cheers,

/s/ ikeyPikey

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"I collect stamps today precisely the way I collected stamps when I was ten years old."
        

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