Who's Driving Up Prices in Auctions?

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msplumuniq
Posts: 1
Joined: 6 months ago

Who's Driving Up Prices in Auctions?

Post by msplumuniq » 6 months ago

I'm a newbie here and to SLC. I'm reading reviews about fake gems and such, etc, and thinking, "Uh-oh." I ordered hubby a ring for Christmas on budget pay. Supposed to be a real black diamond. It's a large stone, so we assumed it meant zirconia. It says diamond, but that's unreal and makes no sense. I'll take it to a jeweler.

I like the two clothing items I've ordered so far, and have more in the way. Having said that, one "poncho" tore in the sleeve, it was NOT properly back stitched to prevent this. Fortunately, (since I paid so little) I can sew. I'll add solid backstitching reinforcements to the sleeves. Easy enough.

Anyway, my problem is with the auction handbags.
Sometimes, deals are reasonable. But last night, I was seeing crazy prices for faux leather like $38-$45, or more!! And the more expensive leather names, like Elsie, going past $100?!?

Who's the person/people doing this and why? I mean, hello, the same items sell on the site for half as much or a little more! I saw a Newage bag go for over twice the price as one that was the SAME model on the site!

I mean, either someone on the inside is driving bidding up, or too addicted to winning to care about price! But that's crazy either way. I go to the auctions for deals, not unrealistic price Wars! If these are legitimate bidders, then they're doing themselves AND the other bidders a disservice by inflating the prices! I saw one lady bid on a Sukriti handpainted bag for over $75 in the beginning of an auction (max bid). Same bag sells for $79.99. I can't recall how high it went in the end, but but it was over $100!!!
Over $100! That's just nonsensical. Why would anyone pay $20 more than regular price on an auction? Am I missing something here?

Admittedly, my first auction I overbid on something. But I quickly began checking routine prices. But I'm seeing this happen a LOT. I know this site inflates its "retail value" prices, and tells us we're getting a ton of savings. But when they sell the same items at 5%-10% of "retail value" on the site, people need to stop inflating the auction prices so some of us can get a good deal on certain items. I have gotten good deals-don't misunderstand, but I'm lost on the handbag issue...and some of the jewelry bidding also.

Any thoughts?
4 x

Gemaholic
Posts: 325
Joined: 7 months ago

Re: Who's Driving Up Prices in Auctions?

Post by Gemaholic » 6 months ago

msplumuniq wrote:
6 months ago
I'm a newbie here and to SLC. I'm reading reviews about fake gems and such, etc, and thinking, "Uh-oh." I ordered hubby a ring for Christmas on budget pay. Supposed to be a real black diamond. It's a large stone, so we assumed it meant zirconia. It says diamond, but that's unreal and makes no sense. I'll take it to a jeweler.

I like the two clothing items I've ordered so far, and have more in the way. Having said that, one "poncho" tore in the sleeve, it was NOT properly back stitched to prevent this. Fortunately, (since I paid so little) I can sew. I'll add solid backstitching reinforcements to the sleeves. Easy enough.

Anyway, my problem is with the auction handbags.
Sometimes, deals are reasonable. But last night, I was seeing crazy prices for faux leather like $38-$45, or more!! And the more expensive leather names, like Elsie, going past $100?!?

Who's the person/people doing this and why? I mean, hello, the same items sell on the site for half as much or a little more! I saw a Newage bag go for over twice the price as one that was the SAME model on the site!

I mean, either someone on the inside is driving bidding up, or too addicted to winning to care about price! But that's crazy either way. I go to the auctions for deals, not unrealistic price Wars! If these are legitimate bidders, then they're doing themselves AND the other bidders a disservice by inflating the prices! I saw one lady bid on a Sukriti handpainted bag for over $75 in the beginning of an auction (max bid). Same bag sells for $79.99. I can't recall how high it went in the end, but but it was over $100!!!
Over $100! That's just nonsensical. Why would anyone pay $20 more than regular price on an auction? Am I missing something here?

Admittedly, my first auction I overbid on something. But I quickly began checking routine prices. But I'm seeing this happen a LOT. I know this site inflates its "retail value" prices, and tells us we're getting a ton of savings. But when they sell the same items at 5%-10% of "retail value" on the site, people need to stop inflating the auction prices so some of us can get a good deal on certain items. I have gotten good deals-don't misunderstand, but I'm lost on the handbag issue...and some of the jewelry bidding also.

Any thoughts?
There have been threads about this so you aren't alone. I actually gave up on RA because of this. I noticed some weird behavior for years. I tried recently and got lucky with one ring. After that, I gave up. I do see certain repeat offenders and others have called out there names here. Others have also suggested the same thing about someone on the inside driving the price up. I agree with that hypothesis since most intelligent people will check the regular website to see how much that item is being sold for. I can't tell you how many times I have seen stuff on RA be sold for double or even triple the price that you can get it for on the regular site!

I definitely would get your jewelry looked at by a certified appraiser. I will be taking action after my second or even third opinions are done.
5 x

User avatar
OtherSideOfTheTracks
Posts: 1430
Joined: 9 months ago

Re: Who's Driving Up Prices in Auctions?

Post by OtherSideOfTheTracks » 6 months ago

msplumuniq wrote:
6 months ago
I'm a newbie here and to SLC. I'm reading reviews about fake gems and such, etc, and thinking, "Uh-oh." I ordered hubby a ring for Christmas on budget pay. Supposed to be a real black diamond. It's a large stone, so we assumed it meant zirconia. It says diamond, but that's unreal and makes no sense. I'll take it to a jeweler.

I like the two clothing items I've ordered so far, and have more in the way. Having said that, one "poncho" tore in the sleeve, it was NOT properly back stitched to prevent this. Fortunately, (since I paid so little) I can sew. I'll add solid backstitching reinforcements to the sleeves. Easy enough.

Anyway, my problem is with the auction handbags.
Sometimes, deals are reasonable. But last night, I was seeing crazy prices for faux leather like $38-$45, or more!! And the more expensive leather names, like Elsie, going past $100?!?

Who's the person/people doing this and why? I mean, hello, the same items sell on the site for half as much or a little more! I saw a Newage bag go for over twice the price as one that was the SAME model on the site!

I mean, either someone on the inside is driving bidding up, or too addicted to winning to care about price! But that's crazy either way. I go to the auctions for deals, not unrealistic price Wars! If these are legitimate bidders, then they're doing themselves AND the other bidders a disservice by inflating the prices! I saw one lady bid on a Sukriti handpainted bag for over $75 in the beginning of an auction (max bid). Same bag sells for $79.99. I can't recall how high it went in the end, but but it was over $100!!!
Over $100! That's just nonsensical. Why would anyone pay $20 more than regular price on an auction? Am I missing something here?

Admittedly, my first auction I overbid on something. But I quickly began checking routine prices. But I'm seeing this happen a LOT. I know this site inflates its "retail value" prices, and tells us we're getting a ton of savings. But when they sell the same items at 5%-10% of "retail value" on the site, people need to stop inflating the auction prices so some of us can get a good deal on certain items. I have gotten good deals-don't misunderstand, but I'm lost on the handbag issue...and some of the jewelry bidding also.

Any thoughts?
I think SLC has programmed bots to bid on items. It's unethical but that is the only reason I can think of - because it makes no sense. Either they don't want to sell it but want items shown for auction or the bot keeps bidding it higher to get a higher price. But I do think it's bots.
4 x

Tothemoon
Posts: 117
Joined: 10 months ago

Re: Who's Driving Up Prices in Auctions?

Post by Tothemoon » 6 months ago

Two days ago as I sat with my brother during his chemo session, a lady sitting near him began to talk about the Sakota emerald and shungite bracelets she was wearing. I interrupted her and asked where she got them. Shop LC of course. I thought I was the only one in the area that knew about SLC! She told me she often bids too high for items and doesn’t pay for them because she neglected to research the item first to find out the actual selling price. She asked me if I think they’ll stop her from bidding if she keeps it up, and I chimed in “oh yes, they’ll eventually ban you from bidding if you keep bidding on pieces without paying for them”, hoping I’d prevent at least one person from messing up the auctions. It made me think that SLC doesn’t prevent bidders from doing this, or maybe their computer system doesn’t have a way of weeding out bad bids.
5 x

honey
Posts: 1100
Joined: 10 months ago

Re: Who's Driving Up Prices in Auctions?

Post by honey » 6 months ago

Greetings newbie, :)
Moderators have addressed the issue of bots and have
assured us there is nothing of the kind. Nobody from
SLC behind the scenes raising the bids.
Could actually be NUTS bidding with no ceiling in mind.
NOT calling anybody a liar, would they actually tell
us if there are bots????
5 x

User avatar
OtherSideOfTheTracks
Posts: 1430
Joined: 9 months ago

Re: Who's Driving Up Prices in Auctions?

Post by OtherSideOfTheTracks » 6 months ago

honey wrote:
6 months ago
Greetings newbie, :)
Moderators have addressed the issue of bots and have
assured us there is nothing of the kind. Nobody from
SLC behind the scenes raising the bids.
Could actually be NUTS bidding with no ceiling in mind.
NOT calling anybody a liar, would they actually tell
us if there are bots????
I reckon not.
3 x

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