I come across these 'crazy price' listings for all sorts of products. I believe that these are template listings and not actually available at present. (Although if anyone was daft enough to bid £999 the item may become available pretty quick)!
I don’t disagree that eBay should allow the creation and saving of templates for power sellers. In fact, it would help them do their job and produce more use-value for both eBay and for the buying community.
That said, eBay really should stress-test those listings as an internal audit for seller integrity and authenticity. In the first place, they would have to be community-flagged listings — flagged because they are complete outliers and suggest something sketchy on the dealer’s end.
This might, in fact, necessitate eBay to conduct random “buys” of those comically inflated products — to verify whether those sellers actually
do have the product on hand. If yes, then eBay receives the product, then returns it to the seller, fully insured, to let the seller know they passed their audit, adding a new distinction to a seller’s profile as being “audit-approved” (next to the other distinguishing markers like stars, “longtime seller”, “power seller”, and so on).
If no, then eBay issues them a strike for deceptive listing practices and that gets slapped on in lieu of “audit-passed”. It wouldn’t mean the eBay seller’s “100 per cent” rating with buyer feedback is false, but it would give future buyers advance notice that the seller was unable to deliver on community-flagged products whose listing price looked (and was) extraordinary.
That audit system would probably see the end of many listings with posted absurd prices, falsely skewing the supply and demand picture for those products when they do come up for sale (when the product is on-hand).
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