Olympic torches on ebay - Page 2

nikki-red · 20-05-2012, 22:09

Quote:

Originally Posted by Leah-Lacie

http://www.ebay.co.uk/itm/Olympic-20...#ht_500wt_1202

This is genuine I think, lets watch the price.

Be nice to believe the money was actually going to a charity. I hope they mean it.

Leah-Lacie · 20-05-2012, 22:11

Most of the bidders will be taking the **** anyway, I can't see anyone genuinely paying that much for a real torch never mind a photo

Plain Talker · 20-05-2012, 22:19

Quote:

Originally Posted by Leah-Lacie

Most of the bidders will be taking the **** anyway, I can't see anyone genuinely paying that much for a real torch never mind a photo

Doesn't a bid constitute a contract, though? I know that if you are in an auction room, and you make a bid, you are held to-it and are expected to make good your offer...

Leah-Lacie · 20-05-2012, 22:20

Quote:

Originally Posted by Plain Talker

Doesn't a bid constitute a contract, though? I know that if you are in an auction room, and you make a bid, you are held to-it and are expected to make good your offer...

Not really.

The seller can report a non-paying bidder and eBay will give them an 'unpaid item strike' nothing else comes of it. They can even appeal to have the strike removed, and it usually works. This legally binding contract seems to be a load of crap.

Plain Talker · 20-05-2012, 22:28

Quote:

Originally Posted by Leah-Lacie

Not really.

The seller can report a non-paying bidder and eBay will give them an 'unpaid item strike' nothing else comes of it. They can even appeal to have the strike removed, and it usually works. This legally binding contract seems to be a load of crap.

Oh, right, *surprised face*... I didn't realise it worked like that. I very, very rarely use Ebay, I think I've bought off it twice, ever, and never sold anything on there.

I honestly would have thought bidding, even bidding a stupid amount, (whether out of perversity, mischief or whatever) was a legally binding contract, same as if someone offered a safety pin for sale in an auction room, and I bid £58,000 for it, I'd be expected to pay, and be held for breach of contract if I didn't "frame" and hold to what I'd bid.

Michael_W · 20-05-2012, 22:59

Quote:

Originally Posted by frank ryan

that was easy - it's ben parkinson,by the look of it, running 26 june, on ebay before he's even had it delivered - hhmmmm.

If that's a name and shame it's a forum no-no

Personally don't agree with these people selling them unless they give the proceeds to good causes !

Leah-Lacie · 20-05-2012, 23:01

Well, they've paid for them, so let them crack on. I wouldn't sell it, personally, but where would I keep an 80cm piece of tin?

mapleboy · 21-05-2012, 06:30

Leah, where would you store it? No problem kid. In the spirit of O£ympicness or some such tosh, I'll store it for you for the not unreasonable price of £100 per day, OK? Bargain or wot?

What's that you say, I'm jumping on the O£ympic rip-everyone-off band wagon? No, no, that would be wrong, perish the thought...

Glennis · 21-05-2012, 11:03

(originally devised by the nazis)

It was apparantly devised before the Nazi came to power, and is actually from the Weimar Republic era.

Quote:

Originally Posted by frank ryan

heard on the news this morning that the olympic torches were appearing on ebay before they've even been used , so checked it out - there's one going at £150,000!!

is this real, or are ebay punters showing their distaste by bidding without any intention to pay? - 150 grand!!

there's even a chancer who's got an ad with small print that says it's a picture of a torch and adds at the end 'please read carefully as you are obliged to pay...' (or words to that effect)

anyone know who's trotting around south yorks with a gold coloured metal stick (originally devised by the nazis), be interesting to see 'item location sheffield/doncaster' and try to match em up.

can't blame them myself - the olympics has become an obscene, corporate circus where 'coca cola' means 'healthy living' and capitalism reigns supreme over decency and fairness and people end up homeless cos grasping landlords want to profit by renting their homes out for thousands a week.

rant over.

taxman · 21-05-2012, 12:55

This one has apparently gone for £153,000. I can see her point though, why have an expensive decoration when it can be sold and money given to a deserving charity.

I wonder if these sales are being monitored for Capital Gains Tax?

Uptowngirl · 21-05-2012, 13:07

Quote:

Originally Posted by taxman

I wonder if these sales are being monitored for Capital Gains Tax?

I don't know. Why not ring the tax office and ask them?

Taekwondo · 21-05-2012, 14:12

£One just gone for £150,400,00

matsalleh · 21-05-2012, 14:41

[QUOTE=Taekwondo;8887105]£One just gone for £150,400,00[/QUOTE
It will be interesting to see if anyone does get paid this stupid money.

taxman · 08-06-2012, 08:28

Quote:

Originally Posted by Uptowngirl

I don't know. Why not ring the tax office and ask them?

That would have been pretty pointless so I emailed one of our Directors instead and they have just responded. Here's part of the reply I got,

"We do regularly monitor online trading. Selling a few personal possessions to raise some cash may still be taxable so we’re currently running an e-marketplaces campaign to help people who sell things online to get their tax right.

If someone who sells a torch donates the proceeds to charity, CGT may still be chargeable. But if the seller gives the torch to a charity for them to keep or sell themselves, then CGT isn’t due.

You may be interested in taking a look at this guidance we’ve just published on our website for anyone who may have sold or is thinking of selling a torch."

And here is a link to the guidance he mentioned.