It sold for more than its worth....How?

SCRAP COPPER WIRE - GovDeals.com

Its weatherproof overhead....its 80% return on copper....

depends on WHO bought it and what THEY get from it. Your price at the yard is NOT the price the yard gets or the price on the open market.

The number might not work for what you get, but it might for their numbers. Sometime yards also have greed to send X amount to whomever they are dealing with...if they are short they get docked, so sometimes you lose a bit on some to make the higher price on the ENTIRE 20K pounds or whatever.

GovDeals and other auctions are a mystery to me at times due to the prices I see material being sold for, though I fully understand where BuySell is coming from. Still, in the quantities involved at times, the price paid, and the costs involved in the process.... I don't get it. Fun to watch, though. I've picked up a few items on GovDeals, nothing over a few bucks. Basically did it to get the experience. Reality is that while most of the good stuff is going to go higher than what I'd pay, you never know when something might fall in your lap.

Interesting too, that if you look at the bid history, the winning bidder sniped it with only 27 seconds left before closing. Obviously, it wasn't a case of getting carried away trying to hold onto something they thought they'd won...

the above answers are good ones also go to any auction and you will see roulette players (people who go to win no matter how much they lose.) mcw

I love the site i get so much stuff cheap on there but yes at times you have to fight for it i usually send someone to look over stuff before i get into a bidding war, with the web it makes it so easy to find someone pay them $20 to snap a few dozen pics on there phone or Skype it if i can and presto bobs you bi#@h not uncle lol this is why a lot of things go higher because people do as i do and find the value in things. for example recently i acquired a pallet of laptops 280 total that were better than listed because no one bothered looking to see what ram and processor they had and yes batteries were gone and hard drives but with the i3 2nd gens and 4gb ddr3 in 238 of them and being asus minimally loaded vs. the dual core and 1gb they listed them as even after pointing it out there and online to change them so i would not get banned or anything like that.
it was worth paying $40each for