Now THAT'S What I Call an Arbitrage!!!

[goldenarm]

According to Ebay, the current high bid is a little over $11,000,000. It was recently appraised at $90,000. I heard that Eminem's uncle, who sold the house for $45,000 three weeks ago, has committed himself to an institution.

 

[Doogie Hoser]

this is insanity

his uncle is not insane, the high bidder is the one that should be committed.

 

[Doogie Hoser]

can someone post the URL for that auction?

 

[Doogie Hoser]

somebody is FOS.... here's the http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1790689504


current bid under a mil

 

[goldenarm]

Wrong auction! This is it...

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1788349972

12 million kachingos and counting!

 

[MrDinky]

Hmmm... and the current high bidder has over 1700 positives and only 4 negatives in his feedback rating and has been a member since '96. I guess he's serious.

Here's my question - would this be considered an arbitrage play?

http://www.attrition.org/gallery/computing/ebay/weedauction.jpg

 

[goldenarm]

Hmm...not quite arbitrage. Seems like a straight forward auction. Do they sell them in 1 ounce lots?