It's sold until it is relisted. I have a hard time believing that this is money laundering given the unfeasible amounts involved.
I suppose, though at this point, I’m sort of impelled to keep a tab on this item’s bidding history [Fig. 1]; a tab open on the winning bidder’s page [Fig. 2]; and a tab on the seller’s currently listed items page (to see whether it gets re-listed and/or an untoward change in their feedback given to others).
item bidding history (a 1-day auction)
Figure 1.
winning bidder’s bid history page
Figure 2.
It would attract far too much attention.
It certainly attracted our attention!
🙂
In any case, this may very well have been one of those newbie mistakes of the winning bidder setting a ridiculously high max bid for proxy-bidding (like €50K), and another bidder, also a newbie mistake, tossing in a ridiculously high max bid (like €40K), resulting in the outcome above in Fig 1. It’s tough to know much more, given how this was a 1-day private auction.
By the same token, one would like to believe that when a bidder throws down such a high max bid, one actually
has the means to back that max bid — should the final sale price come to it. I’d love to see other auctions (on, well, pretty much anything) which share a bidding pattern much like the above, which closed without a hitch and positive, mutual feedback followed.
I bought a new Magic Trackpad on eBay, which did involve money laundering. The trackpad sold in an auction at £10 below the RRP and nobody else was offering discounts at the time. The package arrived directly from Amazon with a "gift" packing slip. Amazon was selling at full RRP at the time. Clearly, somebody was buying Amazon vouchers with dodgy money and laundering through eBay, leaving Amazon with a problem. I sent details to the Amazon fraud dept. but haven't heard since.
To lean against the idiom, there’s more than one way to skin a cat!