ebay machines

JMC · Oct 10, 2014

Just browsing through e-bay and ran across this.....
7" Giddling Lewis Model H70 F CNC Floor Type Horizontal Boring Mill | eBay
Now I don't claim to be an expert, but $600,000 for what looks like maybe $2000 of scrap. Where and how do people value these old machines? Am I just missing something or is there really someone out there dumb enough to think they own a pile of rust that is worth $600k?

I am sure there are many more examples out there but this one by far is the most overvalued thing I have seen....

Dave Cross · Oct 10, 2014

That is particularly nuts. But there are tons of guys that have sub 50,000 machines that want 500,000+ on ebay and craigslist. I guess it helps justify their existence? Its odd, that's for sure.

JMC · Oct 10, 2014

OK, this is even more nuts. $4,000 for a 12 piece ER-32 collet set.
12pcs Collet Chuck specially Treated Precision Ground Improved Flexibility | eBay
but they are "SPECIALLY TREATED PRECISION GROUND IMPROVED FLEXIBILITY"

just for comparison....

ER 32 COLLET SET 20 PIECE ENGLISH COLLETS MariTool

TDegenhart · Oct 10, 2014

The listing party is likely to be a third party like Himes Machinery and others that do not actually have possession of the machine, but pile on to the actually owner. In this case the owner is most likely Belmont Machinery. The third party lists the machine at an inflated price and gets a "commission" of they sell it. That's what happened to me. Two companies listed a lathe, the owner and Himes. I bought the lathe from the owner for about $5000 less than Himes was asking.

Tom

scadvice · Oct 10, 2014

Well...Here here's a nice BP...I may jump on this... :drool5:

Bridgeport 2HP Milling Machine | eBay

Vancbiker · Oct 10, 2014

One ebay machinery seller told me he never expects to sell a machine via ebay. He was only using ebay as cheap advertising. Had the company name splashed all over the listing. Figuring that anyone serious about a machine would get hold of them directly to pull together a sale.

Sauerkraut · Oct 10, 2014

That is what Really Good Drugs do..
There Trolling for a Sucker sometimes they find one..

jrmach · Oct 10, 2014

JMC said:
Just browsing through e-bay and ran across this.....
7" Giddling Lewis Model H70 F CNC Floor Type Horizontal Boring Mill | eBay
Now I don't claim to be an expert, but $600,000 for what looks like maybe $2000 of scrap. Where and how do people value these old machines? Am I just missing something or is there really someone out there dumb enough to think they own a pile of rust that is worth $600k?

I am sure there are many more examples out there but this one by far is the most overvalued thing I have seen....

4 semi-truckloads it looks like,180,000 pounds,that's $3.30 a pound.I don't know if it is a terrible deal or not.That's is a hell of a big machine though.

4GSR · Oct 11, 2014

JMC said:
OK, this is even more nuts. $4,000 for a 12 piece ER-32 collet set.
12pcs Collet Chuck specially Treated Precision Ground Improved Flexibility | eBay
but they are "SPECIALLY TREATED PRECISION GROUND IMPROVED FLEXIBILITY"

Some of 800watt's left over inventory...... :eek:

bryan_machine · Oct 11, 2014

ah yes, a used BP for .... more than brand new one costs... I used to think this only applied to cameras (for years it was quite common for ebay prices on cameras to exceed the cost of having a new one shipped direct from any of several retail dealers...) but clearly machine tools deserve the same.... treatment...

twr · Oct 11, 2014

4GSR said:
Some of 800watt's left over inventory......

I just asked if they are 14k or 18k gold, waiting for his answer!

gustafson · Oct 12, 2014

what a weird psychology if true. I would never bother calling a dealer with an overpriced machine. Ever. The point of advertising is to generate interest and leads, phone calls. Why not advertise something for a price you expect to sell it for?

I mean should I be calling on 200k machines and offering 50? Just not my style. It either looks like a fair deal or it does not, yeah, I will haggle on the edges, but that business is just silly

bryan_machine · Oct 12, 2014

@gustafson - also, why do I want to call a dealer who seems to specialize in 180,000# piles of scrap cast iron? I'm much more likely to search for, say, a working HBM (have done so) at sensible prices, and that leads to a different set of dealers.

Vernon Tuck · Oct 12, 2014

gustafson said:
what a weird psychology if true. I would never bother calling a dealer with an overpriced machine. Ever. The point of advertising is to generate interest and leads, phone calls. Why not advertise something for a price you expect to sell it for?

I mean should I be calling on 200k machines and offering 50? Just not my style. It either looks like a fair deal or it does not, yeah, I will haggle on the edges, but that business is just silly

Remember the old adage "If you give typewriters to enough monkeys for enough time, sooner or later one of 'em will write "War and Peace"?

Well, a monkey is born every minute...

V

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