m16ty said:
I wasn't going to say this and I'm not saying this is what GL is doing (emmado, feel free to delete this if deemed inappropriate) but. Could it be possable that GL is running the bids up to make more money and end up bumping some trucks one too many times and end up having to resell them.
We are not running up the bids. We've been audited several times, for heaven's sake. In fact, you'll notice that the final winning bid amount the second or third time an item is sold is rarely the same as the original amount it sold for. That's because bidders typically see an item is reposted and assume that the original winner found something wrong with it. So it's better for our business if the sale of an item is completed the first time.
As many of you have pointed out, if an item doesn't sell, it's reposted to the website. Off the top of my head, I would say the majority of those reposts are a result of the winning bidder defaulting on the item. There are various reasons that might occur - some of those reasons are legit and some are not - even though it says right above the bidding box that the bid is a contract.
