Single round of 45 ACP ammo has been bid up to $1,325.

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Even though it's very humorous, this comes off to me as a scam looking for idiots. You found some, now finish the transaction and HOPE they learn a lesson. WHO WOULD BID ON THAT?????????????
 
shiftyer i woulda if the starting bid was like a buck and only went up a buck each time if it was 5 bucks who cares id just do it for a joke and id be willing to pay 5 bucks for it
 
Well, when all is said and done, at least you'll have a good Guiness Book of World Records entry. :D

And you can win bets at the bar by claiming you once owned the world's most valuable .45 ACP round --then when the bets are down, haul out the GBoWR.

Terry, 230RN
 
SaxonPig wrote:
It's obviously a couple of guys who think phony bids are funny. A funny auction may or may not be a good idea but phony bidding is wrong. The listing was made in jest but the first bid made it a real auction.
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So now that you got your self in a crack, it's not funny anymore we are all serious now?? Those guys that bid are as much a part of this joke as you are. Unfortunately getting money from you, your credit card on file there for the fees, is going to be a lot easier than you getting money from them.

Best thing for you is for this thing to disappear and no one gets financially dinged.

Trying to make the bidders look like bad guys, when you took a legitimate business system and tried to use it for your own personal joke is not sitting real well with me.

Gunbroker may have a beef with all parties involved, but they have a way to collect from only one.

Good Luck, I hope you all come out well.

Please keep us posted, especially if this goes south. I am interested to see how much of a PIA Gunbroker is going to be.
 
Considering he'd owe Gunbroker $30,000** if it had stopped at 1million, and will undoubtedly owe far more. Then I think it'd be a good idea to get it voided if the top bidder doesn't pay out rather then just shrug and pay the fee.

**If the fee is 3% of the sale price.
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It's not quite that bad. The fee is 1.25% of everything over $1000 so a bit more that $12,500 for the first $1,000,000 the bullet sells for.

It looks like the seller does have the ability to release bidders, but I don't know if GB will buy it when the same bidder makes multiple high bids. It would be hard to pass that off as an accident.


From Gunbroker:
Can I retract my bid?
(last updated on 5/31/2005 2:03:42 PM)

No. Our User Agreement is extremely clear that bids are non-cancelable once placed. We are also clear about this in our auction information and on the very screen where you placed your bid. Bids are not to be placed lightly - you must make sure that you have resolved any questions or issues with the seller before your bid is placed. You can use 'Ask Seller a Question' located on the item's detailed listing page to contact the seller.

If you have bid on something and you wish to be let out of your bid, you must work this out with the seller of the item. Contact the seller using 'Ask Seller a Question' located on the item listing page. If the seller is willing to release you from your bid, the seller must contact us and request that we remove the bid from the database. We cannot force the seller to release you from your bid if he refuses.

Why won't GunBroker.com remove the bid without the seller's permission? The answer is simple - the User Agreement states that bids are binding once placed. If we were to fail to follow the terms of the User Agreement, we would show a major lack of integrity. We would also open ourselves up to a potential legal liability.

If this policy causes a problem for you and you are irritated at GunBroker.com, we are sorry that you feel that way. However, you explicitly agreed to be bound by the terms of the User Agreement by registering to use our site and by placing a bid. Just like any other binding legal contract, if you did not read or understand the agreement that is no one's fault but your own.

We do not hide our policies - we openly display them for all to see and we do everything we can to get you to read them.

If you don't want negative feedback over the transaction, buy the item and then resell it here. If you bought it, chances are that someone else will buy it from you. You may even make money on the transaction.

In the event you made a mistake or typo while bidding and bid $40,000 instead of $400 you need to contact the seller and tell him to contact us via the Help Center. Only the seller can ask for a bid to be removed in an emergency situation.
Click to expand...
 
Always reserve the right to end an Auction at any time, since the item is also 'for sale locally...'
 
I think SaxonPig should ride with it and see where it leads. I'm curious as to the bidders' purpose. They might actually be genuine eccentrics for whom this might be a publicity stunt for their own ends. Imagine how hard SaxonPig would kick himself if they were genuine. And if, as we suspect, it's a prank then there's nothing lost when they don't cough up. The fees aren't owed if the winner(s) defaults. To all intents and purposes this is a valid auction.
 
I think I would maybe cancel my credit card so that GB would not have an active card/account to charge. 1.25% or 3% of $50M+ is a little more than I would want to be responsible for. I wouldn't want to see your credit score or something get messed up and hurt you later on.

Oh and this still REALLY funny! It kind of got serious around the one million dollar mark, and then it got funny again.
 
I think I would maybe cancel my credit card so that GB would not have an active card/account to charge. 1.25% or 3% of $50M+ is a little more than I would want to be responsible for. I wouldn't want to see your credit score or something get messed up and hurt you later on.
Click to expand...

I don't think you have to pay Gunbroker anything if the buyer backs out of the deal.
 
I don't think you have to pay Gunbroker anything if the buyer backs out of the deal.
Click to expand...

If they auto deduct the fee though... Saxon is going to be in deep trouble. Current bid is $50,000,025.00. The Killing Joke anyone?

Doubt it will get that far though.
 
You now have accounts receivable of over $100million. You are now 'too big to fail.' Apply far bailout money. (You have more sales than Chrysler)
 
I think exactly like that of Acera........

SaxonPig started this frivolity and then got serious???? What's that all about???:fire:

If it started as a joke, then it should end as a joke!!! SaxonPig should have his account thrown out for posting a frivolous auction!!!:cuss:

If I were GB, that is exactly what I would do........however, I'm not GB, so we will have to see where this all leads.

Just maybe, SP will get his PP whacked and only have to pay the initial bid posting %.:eek:





The unfortunate part is we will likely never know what happens......This will all be done privately between SP and GB. I just hope that SP learns a valuable lesson!!!
 
No way its going to be paid of course. High bigger does not have to complete the transaction if they can't provide the affidavit. Seller account will be billed the amount but I'm sure gunbroker will wipe it out, not sure how happy they will be the joke, would not be surprised if they didn't ban the account.
 
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