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<p>[QUOTE="BigsWick, post: 121970, member: 3534"]Bone,</p><p><br /></p><p>I've seen it happen before, but it is usually spelled out in the terms of the auction. Actually, I've seen worse. There was a seller on eBay about a year and a half ago who auctioned off a great deal of gold, dozens and dozens of AGEs. This was when gold was around $410-$415 an ounce. Anyway, they guy was betting that gold was going to go up in value, but the price remained stagnant for a while, then it actually started to drop a little. His auctions were ending at a price lower than he paid for his AGEs, so he was losing money on every transaction. His solution? He stopped shipping to the winning bidders. He had their cash, he wouldn't refund it, and when he was contacted by the auction winners he began making lame excuses. Eventually several of the people who'd sent him money pooled their resources and found some legal help from another eBay member who was an attorney. I don't know how it all turned out, but that guy needed to be taken behind a building and whipped with a garden hose. Some of those folks were out to the tune of several thousand dollars. I felt really bad for them.[/QUOTE]</p><p><br /></p>
[QUOTE="BigsWick, post: 121970, member: 3534"]Bone, I've seen it happen before, but it is usually spelled out in the terms of the auction. Actually, I've seen worse. There was a seller on eBay about a year and a half ago who auctioned off a great deal of gold, dozens and dozens of AGEs. This was when gold was around $410-$415 an ounce. Anyway, they guy was betting that gold was going to go up in value, but the price remained stagnant for a while, then it actually started to drop a little. His auctions were ending at a price lower than he paid for his AGEs, so he was losing money on every transaction. His solution? He stopped shipping to the winning bidders. He had their cash, he wouldn't refund it, and when he was contacted by the auction winners he began making lame excuses. Eventually several of the people who'd sent him money pooled their resources and found some legal help from another eBay member who was an attorney. I don't know how it all turned out, but that guy needed to be taken behind a building and whipped with a garden hose. Some of those folks were out to the tune of several thousand dollars. I felt really bad for them.[/QUOTE]
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