What would you do?

[marvelcollector]

A deal is a deal. If you under researched that badly, nobody to blame but yourself.

 

I can't believe 31% on here chose the other option. Combined with other recent happenings, makes me start to wonder about the caliber of the people here...

At least the newer members.

[JazzMan]

If I had a book to sell that was worth anywhere close to that amount, I'd have to be pretty damned stupid to not do a modicum of research on value.

 

And if I was that stupid, and did undervalue it and it was bought, I'd have to honour the price I sold it for. Golden Rule scenario, as far as I'm concerned

 

What he said.

 

Anybody who values money over ethics is leading a shallow life.

 

As another boardie mentioned, it was Dr. Frankenstein/Muscleshark that was the buyer. That's a lot of irony right there.

 

Karma, my friend, gets you in the end...

[the blob]

I think it's really easy for people to chime in with "honor the deal" when they are not in the situation of giving up $10K as we speak Ideally, yes honor the deal. But $10K could be a life changing sum for some, we're not talking about a few hundred dollars here.

 

I'm honestly not sure what I would do in that situation for that amount of money. I really believe that unless you've been in the situation and made that decision, or you are in a position that $10K really isn't much money to you, it is difficult if not impossible to say what you would do if faced with that situation tomorrow.

 

Hindsight being 20/20 I'm pretty sure I could have haggled the price of my house down another $10-15K and the other interested buyers were fictional. In fact, I kick myself every month that I did not. Now I get to pay back that $10-15K with interest for the next 30 years. We all make mistakes. Of course, I came up with my own fictional potential buyers when I sold my prior home 3 months later and squeezed some more $ out of that sale ($17,000 more to be exact), so it's a wash.

 

Not to mention, given that this seller is an Action specialist, presumably they paid a heck of a lot less than $6250 for it if that's the BIN they had. If the book was a $62500 book maybe they could argue that (or will they claim they meant to make the BIN $16250?) This is not the case of a misplaced decimal point or a mistake or something like that. A mistake may not always be enforced via contract (if it's a legit mistake)

[marvelcollector]

Oh, and by the way, the seller is not "losing $10,000". They're not losing anything, and in fact making money, unless they priced the BIN below what they bought the book for, which would be truly

[iggy]

I don't see any RECENT sales at the $5000+/- level that fits the scenario... completed, category: comics, sort by highest...

 

See link in my post above.

 

Thanks! (thumbs u $6,000+ that's why I didn't find it.

[Silver Surfer]

I'll stick my neck out here, and be the first to say I would not go through with the initial sale. $10k is too much to throw away on an honest mistake. I'd rather put that money toward my kid's college fund, and I'd sleep well at night.

 

(In actuality, the real seller gave some BS excuse as to why he could not go through with the sale. I would have just been honest about it, if it were me.)

 

I haven't read the thread all the way and may just be repeating, but the ebay deal really is supposed to be a contract and, in theory, you could be forced by a court to go through with the deal and/or pay damages for breach of contract. of course, few will bother taking someone to court over something like this (particularly across state lines and my guess is that you'd probably need to sue in the seller's home state), but, in theory, it's possible.

 

According to the thread in the GA forum, a lawyer has been contacted.

 

Paid the guy a $5k settlement and your still up $5k.

[fantastic_four]

This happened to me with a tough FF book in 9.6...won it on a buy-it-now of $750 but it was worth 2x-4x that and both myself and the seller were flooded with requests to buy it after the sale, including from multiple boardies. The seller thought he was doing fine listing it at about 4x Overstreet NM, but he learned that apparently he hadn't! He did go through with the sale.

[comicdonna]

If I had a book to sell that was worth anywhere close to that amount, I'd have to be pretty damned stupid to not do a modicum of research on value.

 

And if I was that stupid, and did undervalue it and it was bought, I'd have to honour the price I sold it for. Golden Rule scenario, as far as I'm concerned

 

What he said.

 

Anybody who values money over ethics is leading a shallow life.

 

As another boardie mentioned, it was Dr. Frankenstein/Muscleshark that was the buyer. That's a lot of irony right there.

The buyer that hit the bin or offered $15,000? Also, has this been confirmed?

[LordRahl]

If I had a book to sell that was worth anywhere close to that amount, I'd have to be pretty damned stupid to not do a modicum of research on value.

 

And if I was that stupid, and did undervalue it and it was bought, I'd have to honour the price I sold it for. Golden Rule scenario, as far as I'm concerned

 

What he said.

 

Anybody who values money over ethics is leading a shallow life.

 

As another boardie mentioned, it was Dr. Frankenstein/Muscleshark that was the buyer. That's a lot of irony right there.

The buyer that hit the bin or offered $15,000? Also, has this been confirmed?

 

The buyer that hit the BIN. It's confirmed as he already left negative feedback for the seller.

[comicdonna]

Thanks! (thumbs u

[143ksk]

I had a very similar situation where I listed a coin with a BIN of $1000 and it turned out it was worth $3000+. I thought I knew the market, but I didn't I went through with the sale anyway, although I felt crappy about the whole deal for weeks afterward.

 

What I learned from this is that BINs should be used very judiciously.

[scottish]

Sell it for the 5k and then berate myself for at least a month...perhaps a year.

[Warren Oates]

As another boardie mentioned, it was Dr. Frankenstein/Muscleshark that was the buyer. That's a lot of irony right there.

 

Karma, my friend, gets you in the end...

 

That was fast. I wonder how he likes to be on the receiving end of a bunch of BS. I see in the feedback seller mentions that the book was stolen after the auction ended.

 

Quite rich indeed.

[8milemax]

What bothers me in this whole mess, why didn't Frankie tell the seller that he was selling to cheap? Be up front with him. I guess Frankie likes ripping people off either way. I remember when the spidey 300 was hot and this guy had one listed at 20$ raw, I hit the BIN (but I did't pay) then informed him that the book was selling for 100+ and he listed it to cheap. He thanked me and sold me some bat books out of his own personal collection as a thanks. It made me feel good that i was that honest with that seller. Why wouldn't frankie do that? Instead he's threatening to get a lawyer. What a piece of work he is.

[t3quila]

Maybe the seller had heard about the buyer?

 

 

 

[G.A.tor]

all legitimate sellers have probably screwed up pricing "something" way below at some point or another...

 

I would honor the sale, but I would of course hoped that I would have not made that mistake to begin with...

 

and there is legal presidence, but that is neither here nor there

[Mac Man]

I'm going to totally cop out here and avoid the question altogether as I'll never own a book at that price point.

 

I find myself putting my good standing in jeopardy semi-regularly with my employer with having to draw a firm line on sticking with it... and despite losing some political capital here, I can look at myself in the mirror late at night. I would hope that I'd make the same decision with the sale but I can honestly say it would be an extremely difficult decision to make. I am blessed in my life right now so the decision would be easier to pass the same good fortunate along, but I also know it's more difficult when times are tougher.

[bill977]

If I had a book to sell that was worth anywhere close to that amount, I'd have to be pretty damned stupid to not do a modicum of research on value.

 

And if I was that stupid, and did undervalue it and it was bought, I'd have to honour the price I sold it for. Golden Rule scenario, as far as I'm concerned

 

What he said.

 

Anybody who values money over ethics is leading a shallow life.

+1

[Tsimanga]

The seller has 91 percent feedback... 20 sales in 2 years and nothing over 100 bucks... anyone who buys a raw 5k plus book from someone like that is asking for trouble... original buyer is probably lucky the deal didnt go through...

[iggy]

No back cover scan was odd.