First R1T on Cars & Bids...No Reserve

[Forager]

$105k now and no spare tire

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[R_1_T]

$105k now and no spare tire

$115k

 

[SANZC02]

I have not used these auction sites. Is it normal to have this much activity with 6 days left? I would assume the interested parties would bid the last day.

 

[Forager]

$115k + commission

C&B commission of 4.5% will max out on this one at $4500.

I think the top end is close. There are at least 3 Rivians on eBay at $130-150k, and there’s a local one to me for sale at $115k on Craigslist. I don’t dispute there aren’t people willing to pay over $115k for one, but it seems like the supply is meeting, or even exceeding, demand.

 

[Forager]

I have not used these auction sites. Is it normal to have this much activity with 6 days left? I would assume the interested parties would bid the last day.

C&B is unique because they don’t boot people from their platform. Usually you get a few bottom feeders throwing out low entry bids the first day then few, if any, bids until 36 hours before the auction closes. Unique cars get more community action in general.

Other auto auction sites like eBay or BaT ban bidders that openly shill bid.

 

[astonius]

C&B is unique because they don’t boot people from their platform. Usually you get a few bottom feeders throwing out low entry bids the first day then few, if any, bids until 36 hours before the auction closes. Unique cars get more community action in general.

Other auto auction sites like eBay or BaT ban bidders that openly shill bid.

I don't understand these complaints. How is it a shill bid if they are actually willing and able to buy the vehicle at that price? Just because it's a perceived low bid doesn't mean it's not a valid bid, and it certainly doesn't prevent anyone who's willing to bid more from doing so. The whole point of an auction site is that it goes to the highest bidder, regardless of how many lower bids/bidders there are.

 

[Monkey]

I have not used these auction sites. Is it normal to have this much activity with 6 days left? I would assume the interested parties would bid the last day.

There's people stirring the pot for sure, even pumping the price you could say. Normally you might have some who throw a low bid out there in the beginning or just flag it so they can watch the auction. The serious bidding almost always happens in the last couple minutes. But these high profile EVs are drawing extra attention.

 

[Forager]

I don't understand these complaints. How is it a shill bid if they are actually willing and able to buy the vehicle at that price? Just because it's a perceived low bid doesn't mean it's not a valid bid, and it certainly doesn't prevent anyone who's willing to bid more from doing so. The whole point of an auction site is that it goes to the highest bidder, regardless of how many lower bids/bidders there are.

“Shill bidding is when someone bids on an item to artificially increase its price, desirability, or search standing.

Shill bidding can happen regardless of whether the bidder knows the seller.”

This person might genuinely be interested in buying this truck, but their bidding behavior would have led to a ban long ago on other auction sites. Looking at their bid history shows bids on 45 different auctions and 0 wins. They have active bids on 6 current auctions, 9 if you include ones that ended yesterday. There is no genuine intent to win even 2 of those auctions, let alone all 6 (or 9). That’s shill bidding.

 

[astonius]

“Shill bidding is when someone bids on an item to artificially increase its price, desirability, or search standing.

Shill bidding can happen regardless of whether the bidder knows the seller.”

This person might genuinely be interested in buying this truck, but their bidding behavior would have led to a ban long ago on other auction sites. Looking at their bid history shows bids on 45 different auctions and 0 wins. They have active bids on 6 current auctions, 9 if you include ones that ended yesterday. There is no genuine intent to win even 2 of those auctions, let alone all 6 (or 9). That’s shill bidding.

I appreciate the explanation. Definitely makes sense in the context of someone trying to artificially drive up the price. However, the data point of bidding on a bunch of auctions and not winning any doesn't necessarily indicate that is the goal. They could just be trying to score a really good deal.

 

[CommodoreAmiga]

I don't understand these complaints. How is it a shill bid if they are actually willing and able to buy the vehicle at that price? Just because it's a perceived low bid doesn't mean it's not a valid bid, and it certainly doesn't prevent anyone who's willing to bid more from doing so. The whole point of an auction site is that it goes to the highest bidder, regardless of how many lower bids/bidders there are.

Agreed. If you don't want to sell below a certain price, use a reserve. Otherwise, what's wrong with someone bidding frequently and stopping at what you perceive as a "low" figure? There are lots of things that may be "worth it" to me at a bargain price but not worth it at MSRP (or above). They're not hurting anyone.

 

[Jootunk]

“Shill bidding is when someone bids on an item to artificially increase its price, desirability, or search standing.

Shill bidding can happen regardless of whether the bidder knows the seller.”

This person might genuinely be interested in buying this truck, but their bidding behavior would have led to a ban long ago on other auction sites. Looking at their bid history shows bids on 45 different auctions and 0 wins. They have active bids on 6 current auctions, 9 if you include ones that ended yesterday. There is no genuine intent to win even 2 of those auctions, let alone all 6 (or 9). That’s shill bidding.

Surely you don't mean BaT. They ban for nothing. Those 45 different bids pale in comparison to people on BaT who have never been banned. BaT is the wild-wild west of auction sites.

 

[Bobthebuilder352]

Surely you don't mean BaT. They ban for nothing. Those 45 different bids pale in comparison to people on BaT who have never been banned. BaT is the wild-wild west of auction sites.

Exactly. I’ve bid on both sites a lot and never won anything and haven’t banned… sometimes they were joke ish bids to get it going and other times they were serious but idiots came in over paid…

 

[r1t_launch_3-30]

I just sold mine for $115k

I know I could have got a lot more on auction, I am happy with the result. There is always a what-if.

 

[KnightNole07]

I just sold mine for $115k

I know I could have got a lot more on auction, I am happy with the result. There is always a what-if.

<Looks at location>... Idaho

Here we go again...

 

[Monkey]

<Looks at location>... Idaho

Here we go again...

And he just joined 10 days ago...

Selling to a private party at $115 is still better than $130 at auction... You don't have to pay the auction fees/ commission. So works out the same or better in the in the end.

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