Another way how to make money...

David1967

David1967

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I noticed an interesting way how (so far) one dealer makes money. He uses two auction sites - he buys from one (A) and sells on another one (B). Nothing strange here (anybody can do it) but he sells stuff he does not even own. He would steal pictures from one auction site A from 7 day auction - modifies them a bit - and posts 3 days auction on site B. If someone bids on his auction (site B), then he places his bids on the other one (site A). Of course the starting bid on his own auction is about double of the starting bid on the other auction. IMO this is not really good business practice... what do you think?

David
 
I agree this is not good business practice. How has it affected your business? Have you won something that wasn't delivered or was mis represented. Who is the person and what sites?
 
IMO this is not really good business practice... what do you think?
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I think you're right. The world is filled with people who are constantly trying to "game" the system, spending a great amount of time and energy on ways to make a quick buck. Usually these are folks, who, if willing to expend a similar amount of time, energy, and creativity on building their business legitimately, would most likely be very successful. But building and implementing a business plan is not as rewarding to them as a business scheme.

At the end of the day, most folks don't want to be part of someone else's scheme. Once their customers find out what's been happening, the end is usually in sight. geegee
 
I would think that this is very risky. What if the bid goes so high on the knife that he is bidding on that there is no way he can make money on his auction? Does he lose the money or does he stop bidding and cancel his auction on the other site?
 
Well, since he's selling at auction if it turns out he can't buy the knife he can place a shill bid in his own auction under a false name and tell all the genuine bidders they were outbid. The only way his game can be discovered is the way David1967 did it -- and that accomplishes nothing unless you tell us his name, David....
 
Wow.

We have an arbitrageur in the knife biz.

Well, if nothing else, at least he's making the market more efficient.
 
What is keeping the people buying from this individual's "Auction B" to simply go to "Auction A" and get the same knife directly from the original seller?

It's the buyer's obligation to shop around and get the best deal possible.
 
OK, his nick is JBKNIVES and he buys from BA and sells on Ebay. I noticed that when he was selling my exclusive knives he could not have at the time of his auction on ebay....

David
 
I'm confused. You are posting something negative here because he was selling knives other than ones he bought from you?
 
David1967 just happened to be the one who noticed what JBKNIVES is doing. He isn't motivated by self-interest in exposing this; he's still selling knives whether JBKNIVES buys them from him for resale or someone else buys them from him.

The people who bid in JBKNIVES' auctions, though, are either going to pay too much or they're going to be told they didn't win the auction -- every time the winning bid isn't high enough to let JBKNIVES buy the knife and sell it at a profit the auction is in effect going to be canceled by a shill bid. So they're either paying too much or wasting their time bidding in an auction they can't win.

In a sense it is improving the efficiency of the market, and it's certainly true that buyers should shop around for the best price, too, but what really improves the efficiency of the market and helps buyers find the best price is the distribution of information -- such as in this thread. :)

Now that this thread has been posted, more buyers will know any time they see a JBKNIVES auction on ebay they should look for the same knife at auction on BA.
 
Originally posted by gohmer
I'm confused. You are posting something negative here because he was selling knives other than ones he bought from you?
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No, he was selling my knives (using my own pictures) but he did not have the knives in his possession. After he sold them on ebay he bid on them on my auction (and was even complaining about slow shipping).

But this can happen to anyone - more examples can be found on different auctions.

David
 
Did you express your concerns to the administration of both the auction sites? What was their reply? Did JBKNIVES ask permission to use your images? Did you request to JBKNIVES that they stop using your images and stop bidding on your auctions? May we please have
corresponding auction numbers from both sites?
 
Just my luck :mad:

This guy just had to be using jbknives as his name.
Hope everyone knows. Its not this jbknives (time to change my name)
Jim@DKW
 
What a disappointment! When I saw JBKnives had responded to this thread I thought we were going to have a good fight. Oh, well....

You could post in the Service & Support forum and get your username changed, but there's no need since you've already let us know you're a different JB. Besides, no matter what name you choose there's likely to be some ethically challenged person using it too....
 
We have an arbitrageur in the knife biz.
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the efficiency of the market
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Since there seems to be a certain "investment" flavor to what this scoundrel is doing (I've waited years to be able to use "scoundrel" in a thread :p ), I thought I'd add one that seems to me more appropriate.

In the stock brokerage world, there is an illegal activity called "free-riding," that approximates what's happening here. Here's how it would work. In the old days, if a customer wanted to buy a stock (but didn't have any money in his account), his broker would still make the purchase for him. He would use what's called "regular way settlement." That meant that if you as a customer, gave me the broker an order to buy 1,000 shares of KnifeKnuts at 10, you would have 5 business days to come up with the $10k to pay for the trade. The customer in essence owned a stock he didn't pay for, but it was understood he would pay in the required amount of time.

Let's then say that later that afternoon, a rumor broke that Spark Industries would try to buy KnifeKnuts at $20 a share, at which point KnifeKnuts spiked up to $20 a share. The customer who entered the buy order (knowing not all takeover offers work out), then calls his broker and says "Sell all my KnifeKnuts at $20." He then has the satisfaction of knowing that he made a quick $10,000 without ever having to put up a single dime, and goes home the richer for it, right? Wrong!

The securities regulators deem this free-riding. This person has made a quick buck without having a cent of his own money at risk...and that dog won't hunt. In this case, the customer still has to pay $10k for his initial buy order. He will then see another $20k credited to his account, netting him a quick $10k after he has paid for his initial buy. At that point, everything is on the up and up.

Our boy here is a free rider. geegee
 
Originally posted by gohmer
Did you express your concerns to the administration of both the auction sites? What was their reply? Did JBKNIVES ask permission to use your images? Did you request to JBKNIVES that they stop using your images and stop bidding on your auctions? May we please have
corresponding auction numbers from both sites?
Click to expand...

I contacted both auctions. I got no response from BA so far, e-bay responded almost immediately. The pictures in question were removed by the seller after I told him to do so (I got a nasty email from him too) but I saved the pages already. He even posted negative feedback (my first one) on BA. jbknives (not the JBKnives) never asked for permission to use the pictures.

EDITED: removed link and name of another ebay user who had nothing to do with this case.

I do not want to advertize my auctions.. I am sure you should be able to find them...

David
 
The only thing this person said that is true is that I used edited portions of his pictures in my auctions to sell his knives. Any knives that I listed I had in hand and he should know if he checked his sale's records that he sold me the knives within the last three months. He also made defamatory statements about a ebay user that is a customer that uses the name cyber-clearinghouse. This person is a good customer that has bought many knives and other item's but doesn't even reside in the same state as I do. Infact, I told the person that uses that name on ebay about david and mikov knives and he bid on and won one of david's knives and is one of david's own customer's. But probably not after learning this. David just falsely accused him of something of which he's innocent. You can check for yourself. I use the name jbknives1 on ebay look at my feedback for yourself and you'll see the truth. He defamed JBknives of desert knife works by not getting his facts straight. This whole thing started because of two knives that were won at a weeks interval from him that were paid for seperately, shipping paid for seperately, that he delayed shipment on so he could mail them together and double charge me for shipping. So because I complained about the gouging and the delay and left a neg on BA he started all this. that's what really happened. Jim - JBknives1 :footinmou
 
Thanks Jim
That is what this whole thing looked like to me from the start. David may have taken leaving revenge feedback to a new level! Although proof of any wrong doings should be his responsibility it might help if you had a document that proves you had possession of one or more of his knives before your first auction of them.
 
That is one of the most imaginative counter-accusations I've seen on this forum. Our old buddy David made up an elaborate story accusing a customer of fraud, bore false witness to the administrators of two auction websites and posted a thread to tell the lie to all his friends here at Bladeforums -- and for what? So he could get away with sending two knives in the same package and charging the full shipping fee for both of them, of course! It's enough to make me wonder how much is his time worth per hour? :rolleyes:

And what is Gohmer's interest in all this? It might be interesting to compare his IP with jbknives1's IP.
 
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