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3 fraud suspects yesterday denied making around £100,000 selling 100 bogus prints of work by graffiti artist Banksy on eBay.
They also flogged copies of clothes by fashion guru Vivienne Westwood and punk guru Malcolm McLaren on the internet auction site for a similar amount, it was claimed.
Grant Champkins-Howard, 44, and wife Vesna Grandes-Howard, 32, of South Croydon, South London, and Lee Parker, 43, of Eastbourne, East Sussex, denied fraud charges over six years.
They were bailed at the Old Bailey and face trial next May.3 fraud suspects yesterday denied making around £100,000 selling 100 bogus... more
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All the auctions have are done Ebay style, where you can bid online in certain increments. The catch? There is a "sitting fee" that you have to pay to enter each auction, typically putting you back $100. But, you may have a chance to win a Triple Figured condo for 15% of its retail value, as one lucky winner already has.
Article:
In the down economy, the housing market has taken a turn for the worst, with landlords struggling to fill apartments and developers having trouble offloading new properties. iBidCondo is a new site launching this summer that’s looking to help: the site offers an auction system that gives property owners an alternative method to sell their real estate (and make a profit doing it), while also giving users a chance to acquire real estate at very, very low prices. The site just held a test auction in May that sold off a $690,000 condo for only $86,840, and it’s going to begin another auction later this month.
The auction strategy is one that reminds me of Swoopo, a controversial auction site we recently covered that allows users to buy inexpensive ‘tokens’ that they use to make bids (even if you don’t win the item, you’re still out the cost of those tokens). With iBidcondo, the site requires potential bidders to pay for a $100 ’seat’ to have the right to bid on the real estate auction. The auction itself has no reserve and often sells for much lower than its normal price, and over half of the final auction price goes towards the charity of your choice. If you don’t win, you’re still out the $100 seat fee.
It almost sounds too good to be true, but a look at the details reveals how iBidCondo manages to pull it off. The site recoups the costs of the real estate through the seat prices — if it’s looking to sell a property worth $280,000, it will sell a maximum of 2,800 seats which will pay for the entire price of the property before the auction even starts (developers can choose if they’d like to wait until the maximum is reached or if they’re comfortable starting with fewer purchased seats). The developer who owns the property takes this money, as well as half of the final auction price (the other half goes to charity), with iBidcondo taking a 5% cut.
It’s definitely going to confuse some people, and it isn’t hard to forecast some problems. The auction is time-limited (sometimes as short as 7 minutes), and price increments are limited by which stage you’re in: first you can only increase your bid by $10, then $100, then $1000. In effect, the only time period that actually matters is the last minute or so, when every bid coming in is going to be $1000 and anyone seriously interested in buying the property is going to be clicking furiously. There’s no limit to how many times you can bid, so if you wind up in a horse race with a few dozen people the price can easily increase very quickly, perhaps far beyond those magical low price points the site is currently advertising. An iBidcondo spokesman says that the company can typically guess how high these bids will go and sets the time limits accordingly, but I’m wondering how effective that will be. After all, it would only take a 30-person horserace with each one bidding 30 times in the last minute to add $900,000 to the final auction price.
That said, there’s at least a chance that you’ll walk away from an iBidcondo auction with a new condo in tow for 15% of its list price, which may well be enough to entice people to try their luck.All the auctions have are done Ebay style, where you can bid online in certain... more
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WELLINGTON, New Zealand - A New Zealand mom made some online bids on toys before napping. Then her 3-year-old daughter took over and bought a bigger plaything than expected — a huge earth-moving digger for a cool $12,300.
Pipi Quinlan made the winning 20,000 New Zealand dollar ($12,300) bid on the Kobelco digger with a few mouse clicks at the auction site TradeMe while her parents slept, the Rodney Times newspaper reported in northern New Zealand.
"The first I knew about it was when I came down and opened up the computer," said Pipi's mother, Sarah Quinlan.
"I saw an e-mail from TradeMe saying I had won an auction and another e-mail from the seller saying something like 'I think you'll love this digger,'" she was quoted as saying in the paper.
Quinlan said she had made auction bids on several toy sets and assumed she had bought a toy digger.
"It wasn't until I went back and reread the e-mails that I saw $20,000 — and got the shock of my life."
She immediately called the auction site and the seller to explain what happened.
TradeMe reimbursed the seller's costs for the auction and the digger was relisted.WELLINGTON, New Zealand - A New Zealand mom made some online bids on toys before... more
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Toddler, Pipi Quinlan, from New Zealand was messing about on her folks' computer one morning and with a simple click, click, click, found herself logged into auction site TradeMe.
More clicks and the 3 year old big spender had promised NZ20,000 of her parent's hard earned cash in exchange for a massive industrial digger!
The first mum knew of the purchase was an email from the site and a thank you note from the seller saying "you'll love this digger." Ha ha ha, what a headache to wake up to one morning.Toddler, Pipi Quinlan, from New Zealand was messing about on her folks' computer... more
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please join our great ebay alternative online auction sites to buy or sell just about anything free to list your items and free estores for all members plus we donate to a great charity !! www.overnightauctions.com and www.overnightauctions.netplease join our great ebay alternative online auction sites to buy or sell just about... more
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Bids opened on ebay at 5am Sunday morning, for eager punters wanting to secure a dream life in the Australian sun.
6 years on from emigrating down under, Briton Ian Usher is selling all his worldly possessions on the online auction site to the highest offer.
Up for sale is his ... lifestyle.
Following on from a painful divorce he wants to up and leave his Perth paradise and start afresh somewhere new. He's throwing in everything, including; his 3 bedroom house, his car, his wardrobe, his jet-ski and if required, his friends.
Seems like a healthy plan and simple business transaction to me, what do other people think?
Bids opened on ebay at 5am Sunday morning, for eager punters wanting to secure a dream... more
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"I have found that people buy the strangest things. Things that I would normally think about throwing out, however since doing some research on eBay, I have now started listing these items on eBay and people buy them!
1. Carrier bags
Yes the humble carrier bag is always in demand on eBay. It is usually the designer carrier bags, or the study kind of women's clothes store bags with the rope style handles that do well, and any kind of unusual looking bags as people collect these.
2. Empty perfume bottles
Empty perfume bottles are good sellers on eBay for two reasons. If you take some refillable perfume bottles (for example Angel perfume) back to a stockist, you can often get the bottle refilled with the perfume for less than it costs to buy a brand new bottle. Also, people collect perfume bottles, especially designer names, unusual shape bottles, miniatures and limited edition bottles.
3. Empty ink cartridges
These sell well on eBay as people buy them and refill them which is much more environmentally friendly than buying new ones all the time.
4. Theme park guides
Some people like to collect these kind of things, especially if it is somewhere they have visited for example and have lost or damaged their original one.
5. Craft items
Craft items can range from cardboard toilet rolls, pieces of shiny paper, bits of ribbon from chocolate boxes, buttons etc. Anything like this which is usually discarded can be stored and when you have a reasonable amount of mixed items, list it on eBay as craft items and your pieces of junk could be someone else's treasure, just what they need to start or finish their next craft project.
6. Coupons and vouchers
If you have any sort of coupons or vouchers for particular brands or stores and you are not going to use them, put them on eBay because somebody will want them. Say, for example you have £10 off for a particular store that you got for free through the post. Put it on eBay, and if you get, for example £7 for it, you have made £7 and the winning bidder has then earned £3 off his or her favourite store. You both win!
7. Old postcards
It doesn't matter if they are old, or have writing on the back of them, there are many people who collect postcards of all kinds of things, funny ones, landmarks, scenery, animals. Put together a bundle and get them listed on eBay.
8. Old concert tickets and programmes
Fans and collectors will pay money for your old ticket stubs and programmes from concerts and gigs.
9. Broken electrical items
If you have an electrical item, camera, hand held game machine or anything along those lines that is broken and you think it is beyond repair, don't throw it away. As long as you state clearly in your listing that the item is broken you can list it on eBay, and people always buy these sort of things. There is usually someone that knows how to fix them, or are just looking for working parts out of them to fix their own.
10. Old mobile phones
Again, like the electrical items, it doesn't matter if they are working or not, as long as you state if they are faulty or broken in the listing. These sell well for the parts".
by Littlepixie"I have found that people buy the strangest things. Things that I would normally... more
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Ebay-certified "professors" teach people how best to buy and sell items on Ebay. VC2 producer Rachael Joy will take lessons from the Ebay "guru" in LA and attempt to re-sell a vintage purse that once failed to get even a single bid when she put it up previously on Ebay. We'll also hear stories from the guru's former students, as they regale us with the odd and quirky items they've been able to acquire and get rid of on Ebay.Ebay-certified "professors" teach people how best to buy and sell items on... more
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