Single round of 45 ACP ammo has been bid up to $1,325.

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Because gunbroker is a tool for selling, not a forum for jokes and grandstanding... Saxon deliberately misused it because he thought the misuse was free and now is upset because he might be on the hook for $30.
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Gimme a freaking break. SaxonPig may have done this as a joke because he didn't really expect anyone to bid, but then again, his motivation is immaterial given that he is actually selling the single round of ammo.

There is NO misuse of the resource if the seller actually has the item for sale and will depart with the item under the terms of bidding. Nothing on Gunbroker says he can't have fun with his auctions.
 
Despite all the legal mumbo jumbo about bidding being a legal contract, it is not a legal contract. There is no way to force a buyer to pay.
 
I see you are in the rock. I might be interested in a FTF transaction. I want to see the round before I front the cash though.
 
now someone is just messing around with the seller.. its around 12,500$

I am with some of the people that think the seller should get paid. Just because it was supposed to be a joke doesn't mean that bidding is a joke.

However, I will bet anyone $12,500 that the seller will not get paid anywhere near 12,500.
 
Despite all the legal mumbo jumbo about bidding being a legal contract, it is not a legal contract. There is no way to force a buyer to pay
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Here is a good article that explains why you are wrong, and I also will explain why you are right.

You are right in that you will have a time suing the winner who fails to perform, if you were inclined to do so, since the winner is likely in another state, and is unidentified due to the fact that he is using a screen name. Of course, if you REALLY wanted to go to the trouble, you could do so. (see RIAA and digital file sharing)
 
Please include a signed affidavit swearing that you did not vote for Barack Obama or your payment will be returned
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So as far as the affidavit, he implies that you must send payment, by money order. Then he would return it, not saying how long or in what form. I guess he could cash it, and sit on it for a month.

Plus I am still interested in if Gunbroker has any humor in these instances or they will want their cut off the final selling price?

For the people who bid on it, I would not have from an account that had a high rating and feedback.

Currently $13,025.00 on 8 bids.
 
freakshow10mm
"Despite all the legal mumbo jumbo about bidding being a legal contract, it is not a legal contract. There is no way to force a buyer to pay. "

Speaking with my lawyer hat on (L.L B Oxford University) I'm pretty sure contract law in the USA is pretty much four square with the UK as regarding auctions. Certainly Gunbroker give that impression:

"IMPORTANT: By auctioning an item, you are irrevocably (except as described below) and legally committing to accept the high bid for the item (or the highest-bidder who does not renege). If you receive one or more bids above the minimum price you stated you would be willing to accept and a reserve price is not specified, then you are legally obligated to complete the transaction. Your failure to complete the transaction is a breach of the User Agreement and may be legally actionable by one or more of the bidders."

It follows the reverse is true should a bidder renege. Just because a bid is ridiculously over the top does not make it any the less legally binding. The lines blur somewhat were it to transpire that the bidder is not legally entitled to purchase ammunition - say if he or she were a felon. Then the contract would be void - however, the seller could still press for damages. How practical that might prove depends on the finances of the bidder. If they're a bum or untraceable then you're pretty much scuppered.
 
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saxon, your thread was merged with the super duper ultra uber ammo shortage thread for some reason.

in that thread i said "some will probably buy it." i was only half serious.
 
you are irrevocably (except as described below) and legally committing to accept the high bid for the item
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Yeah, I don't think the problem will be with the seller Barrister Dark Skies. Pretty sure he would let it go for that. (But understanding where you are from I could understand your misinterpreting the sides here, but normally .45 bullets go for a little less on this side of the pond:D )

Please try again on the buyers responsibility.:neener:
 
Acera, I was still editing when you posted. I'm not a barrister - nor a practising solicitor (an attorney) I did a law degree after I left the police - my speciality being firearms law. Weirdly I am also a qualified motorcycle mechanic. I work in IT though. Strange paths and all that.
 
It follows the reverse is true should a bidder renege. Just because a bid is ridiculously over the top does not make it any the less legally binding. The lines blur somewhat were it to transpire that the bidder is not legally entitled to purchase ammunition - say if he or she were a felon. Then the contract would be void - however, the seller could still press for damages. How practical that might prove depends on the finances of the bidder. If they're a bum or untraceable then you're pretty much scuppered.
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Again, they can use all the legal talk and crap that Ebay and other auction sites use but there is absolutely no compelling a seller to sell or a buyer to buy anything. Period. End of story.
 
Acera, I was still editing when you posted. I'm not a barrister - nor a practising solicitor (an attorney) I did a law degree after I left the police - my speciality being firearms law. Weirdly I am also a qualified motorcycle mechanic. I work in IT though. Strange paths and all that.
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LOL, I saw your last paragraph once I got my post out.

Sorry for the confusion, just assumed that since you posted you had a law degree from Oxford, and you said you put on you lawyer hat I believed you were in fact a lawyer, or working in the field of law. No harm intended.
 
"Your bid is a contract - Do not place a bid unless you are going to purchase the item. ... If you are the winning bidder, you will enter into a legally binding contract to purchase the item from the seller. "

freakshow10mm
"Again, they can use all the legal talk and crap that Ebay and other auction sites use but there is absolutely no compelling a seller to sell or a buyer to buy anything. Period. End of story."

Well perhaps you'd care to elaborate on how you come to believe that?
 
Acera
"Sorry for the confusion, just assumed that since you posted you had a law degree from Oxford."

No worries - it's four in the morning here and I hit enter before I'd written the next bit - brain shutting down - need coffee. I hold a law degree and my dissertaion on Brit firearm law is in the libraries of both Houses of Parliament (hell, why not blow my own trumpet - even my tutors couldn't boast that). I just never much fancied actually working alongside practising lawyers - slimy lot! :)
 
I'M RICH, I'M RICH, I'M RICH I'M RICH I'M RICH!
I have 50 rounds ;)

seriously, $15k!?
If someoe pays that, I'm putting up my 50 rounds for $1000 so I can buy a rifle, and I bet I'll get more bids than you ;)
 
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