Most Expensive iPad 2 Sold - Shocking

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xfs

macrumors member
So I was just checking eBay to possibly find a good deal for an iPad 2 3G Black. And look what I found. The most expensive iPad sold on eBay, for a whopping $199,999.99. Is that even legal? The description reads:

The world's most expensive iPad 2! Be part of the buzz, the blogs, the news, when you buy this iPad 2!

You have the money and I have the iPad 2! You work hard and smart to get what you want when you want it. Wait a few months for restocking or simply buy now!

iPad 2 16GB with WIFI, new in box! Also comes with a new and sealed original Apple black LEATHER smartcover. Both of these items are sold out and will continue to be sold out for an undetermined amount of time.

I will ship anywhere worldwide.

Why wait for an auction to end? Buy it Now! And have this in your hands very soon!



Only $199,999.99

See my ratings!

Bid with confidence!
Click to expand...

I am not going to judge the person who bought it after reading this description.

Source: eBay
 

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It's all legit. You are free to sell it for 1 million, if anyone is stupid enough to buy it. With eBay, they really can't force you to pay. They place an Unpaid Item Strike on your account and will close your account once you reach 3 of them. Active buyers may have more.

So in a nutshell, you can create an eBay account with fake info, buy this out and never pay.
 
eBay sucks for this exact reason. People press buy it now and don't pay then eBay expects you to pay to post it again and the process repeats.
 
xfs said:
So I was just checking eBay to possibly find a good deal for an iPad 2 3G Black. And look what I found. The most expensive iPad sold on eBay, for a whopping $199,999.99. Is that even legal? The description reads:



I am not going to judge the person who bought it after reading this description.

Source: eBay
Click to expand...

OK PERSONNE SERIEUSE Member id buelinckx123 ( Feedback Score Of 77) Mar-14-11 10:55
Feedback was revised on Mar-15-11 12:54
iPad 2 Wi-Fi Black (16 GB) w/Blk Leather Smartcover NIB (#200585887282) US $199,999.99 View Item

this was the feedback on the item
 
imutter said:
OK PERSONNE SERIEUSE Member id buelinckx123 ( Feedback Score Of 77) Mar-14-11 10:55
Feedback was revised on Mar-15-11 12:54
iPad 2 Wi-Fi Black (16 GB) w/Blk Leather Smartcover NIB (#200585887282) US $199,999.99 View Item

this was the feedback on the item
Click to expand...

It could be someone "Buying" it just to give the seller a bad feedback, call them an idiot, whatever. But according to eBay rules, unless you pay, you cannot leave negative feedback. So eBay could've simply taken action against buyer.
 
This is classic market manipulation by resellers posing as buyers. They create bogus eBay accounts and bid extraordinarily high amounts on iPad 2s with no intention of ever paying. They may even use a bogus account to list an iPad, and bid on their own item with a different account.

It drives the perceived market value higher, so that their own auction-style listing will sell for more. It's borderline fraud if you ask me. eBay turns a blind eye because it boosts their commission fees.

Protect yourself by only buying from an auction-style listing. Click on the "bids" link to evaluate who has been bidding on the item. If there are only a couple bidders, each of whom have 0 feedback, you are likely looking at an auction that is being used to drive the market value higher. Also make sure the item your bidding on has an actual photo of the iPad and that photo has the listers name in it to prove that they own that photo and didn't just copy it from another listing.

Want to counteract the fraudulent market manipulation? There are two things you can do. 1) Complain to eBay. 2) Do the opposite and create false listings for iPad 2s with buy-it-now prices closer to the MSRP (well below current market value).
 
No one paid that. Someone probally just got sick olf the bull **** and offer it to the guy and than never paid, it happens alot.
 
I don't particularly condone reselling iPad 2s on eBay right now, but if you need money that badly, here's how to protect your listing from non-paying bidders.

When listing your item, you can choose "bidder restrictions". Check the box that says "Only allows bids from accounts linked to PayPal." This will do a pretty good job of keeping the non-paying bidders away.
 
disarticulate said:
I don't particularly condone reselling iPad 2s on eBay right now, but if you need money that badly, here's how to protect your listing from non-paying bidders.

When listing your item, you can choose "bidder restrictions". Check the box that says "Only allows bids from accounts linked to PayPal." This will do a pretty good job of keeping the non-paying bidders away.
Click to expand...

And you can also require immediate payment via paypal so the auction won't end until payment is made.
 
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