November 16th, 2004

An eBay cautionary tale: A seller told me about a crystal chandelier she sold online. Someone bought it with a snipe bid of $350, which was far more than it was worth. The seller happily mailed out the item. She double-boxed it and put bubble wrap in between the boxes. The buyer tried to resell it but apparently could not get the $350 back, so she claimed that it was broken and got the insurance information for the item. She then filed a claim with the Post Office, hoping apparently to get her money back that way. What’s the moral? For eBay sellers, it’s get insurance for everything you sell.

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