Thursday, February 8, 2007

Huge mistake in marketing precious items on eBay

I run the article in question by AHR Consulting Inc President, Anton H Romulus for a second opinion who is familiar with Dave Pasant and Toyota Pro/Celebrity Race. He mentioned “eBay made a huge mistake by giving away the Toyota Pro/Celebrity Race sit for a bid won only with $350 above its original value. That shows only how poorly a precious item can be marketed when the steak was $50k. We also need to recognize the fact that David Pasant was for many years a supporter of the Grand Prix Foundation. Is that a real wining? I do not think so. With this occasion we can note that Grand Prix Foundation made a big mistake first by selling a rare item on eBay, the world largest garage sale, and second by not setting an incremental condition of at least $5k for such item.

As for Mr. “pilota17” my advice is to give it back or pay the difference to the charity. Regarding eBay, I am not sure their system allows incremental restrictions on bids and therefore it is not entirely eBay’s fault for this goof up.”The news wire originated this reaction was printed under LB Prix: Winning bid gets in at the wire launched: 01/27/2006 12:00:00 AM by A.J. Perez, Los Angeles Newspaper Group. Of course media failed again to cover such aspect as it is in fact a no success story but one that we can learn from it. The wire is here to fold:

Read on http://www.ustnt.com/01/index.php?l=nws&a=nws_ask&id=93

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