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Do I have to sell?

I sold an item on ebay for about £500 but the item is clearly worth over £3k!!

Do I have to sell it or can I just tell him no way I am letting it go for that!
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Comments

  • soolin
    soolin Posts: 74,425 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Firstly no one can force you to sell, but you will probably end up with a justified non performing seller complaint and negative feedback. You will also have lost your FVFs and your listing fees so will be out of pocket anyway.

    If it was worth over 3k why didn't you list it properly with a reserve or a better start price? It sold for that much and that is what is is therefore currently worth, it isn't the buyers fault you haven't understood how ebay works.

    Soo
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • pennylane99
    pennylane99 Posts: 5,783 Forumite
    1,000 Posts Combo Breaker
    no-one can force you to sell an item, but be prepared to receive a negative feedback from the buyer.

    You should always start your price at an amount you would be happy to get for it, or otherwise put on a reserve amount.
  • an ebay auction is a binding contract, you have to sell

    thats why there is an option to put a reserve price on, so it wont sell for less than you are prepared to accept for it
  • highguyuk
    highguyuk Posts: 2,763 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If I'm honest, if the item was worth £3k and it sold for £500 I wouldn't let it go.

    But, I probably wouldn't let myself get in that position.

    Accept the negative if it comes your way, and don't give one back just because they negged you. :P
  • an ebay auction is a binding contract, you have to sell

    thats why there is an option to put a reserve price on, so it wont sell for less than you are prepared to accept for it


    So what they can sue me or something?
  • soolin
    soolin Posts: 74,425 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    kevwev wrote:
    So what they can sue me or something?

    Unlikely, but a neg for not selling can do you quite a bit of harm.

    Soo
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • greeneye
    greeneye Posts: 801 Forumite
    kevwev wrote:
    So what they can sue me or something?

    Nope. If you can be bothered to search through Ebays terms & Conditions there is something that indicates that sales are not actually legally binding contracts.
    We have discussed this one on the board a while ago can't find the thread via advanced search.

    And on that note Soo anyway you can suggest to the powers that be that advanced search is upgraded to allow searches with more than one keyword: i.e "keyword 1 & keyword 2" it's not a very difficult thing to implement.
    It's very frustrating if you put in more than one keyword you get search returns on either rather than both.
  • Thanks mate will look at that later. Thanks
  • smartie1976
    smartie1976 Posts: 1,984 Forumite
    kevwev wrote:
    So what they can sue me or something?

    The more savvy consumer, law aware, can sue you under contractual law for loss of bargain.
    It's BOUGHT (to Buy), not BROUGHT (to bring) AND you cannot be frauded, only DEfrauded.

    Please do not buy animals from a pet store. Visit your local sanctuary or centre and give a good home to an unloved or abandoned animal.
  • greeneye
    greeneye Posts: 801 Forumite
    The more savvy consumer, law aware, can sue you under contractual law for loss of bargain.

    I'm pretty sure we concluded that they actually couldn't but like I said can't find the thread due to advanced searches limitations.
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