It’s common for buyers to check out sellers on eBay UK but not so usual for eBay UK sellers to check out buyers. We suggest you always check out both in the light of a recent cancelled purchase since cancellations are not only a waste of time but may lose other potential sales.
The case in question is that of the now famous loom band dress which was made by Kathryn Burnand and Helen Wright both of whom are from Prestatyn in Wales. For those that don’t know what a loom bands are, they are small rubber bands from which jewellery can be made including necklaces and bracelets. The bands are linked together to produce the finished article and they are all the rage in schools at present.
£50 expected and £170,000 reached
The sellers were quite amazed by the interest shown, on the eBay UK auction site, considering they were expecting to make around £50 for the dress. Every eBay seller’s dream is to realise infinitely more at auction than they anticipate but in this case the bidding went into an astonishing 6 figures.
However, the person who placed the winning bid has now refused to honour the deal and the sellers were contacted by eBay on Monday to relay the news.
The reason given by the Surrey buyer was that she had insufficient funds to pay for the £170,000 she had bid plus the postage charge of £7, according to the North Wales Daily Post.
eBay Loom Band dress attracted huge publicity
After the winning bid “purchase” price went public, the loom band dress became famous in the UK and globally receiving much media attention and The One Show on BBC interviewed the sellers with comedian Lee Mack joking whilst he held the dress. In addition the story was printed in newspapers reaching New Zealand and Australian publications as well as an appearance by the sellers on CBBC’s Newsround.
According to the sellers eBay UK are being extremely helpful and have offered advice about contacting one of the other bidders for the item. There were a total of 6 potential buyers who had offered more than £150,000 for the dress.
Only one chance to get it right
Whilst the sellers will not have to offer the dress to the runner up in the auction they must select which buyer they offer it to very carefully because they can only offer it to one of the participants in the auction. If they don’t get it right, they will have to re-list the dress
eBay have told the sellers that if the item goes to re-listing they will have the opportunity to vet bidders as well as copyright their photographs.
If you list items in an eBay UK auction it is wise to check feedback on the potential buyers, especially when the item hits levels of bidding that you wouldn’t expect and involves large amounts of money.