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WARNING: STEEL VINTAGE BIKES IS A CRIMIMAL ENTERPRISE (possibly organized crime!)
#1
DO NOT PURCHASE FROM STEEL VINTAGE BIKES ("SVB"), unless you just do not care about getting ripped-off!

Everything I submit here is fact, not opinion unless stated as such.

I have been following the SVB business from some years now (merely as a reference for examples of older bikes; they are extremely overpriced) but I had never purchased from them until about 3 months ago. I was not purchasing for myself but merely acting as a go between/broker to conduct the sale even though I made the purchase directly with SVB via my own accounts. The actual buyer had paid me already when final cost was agreed upon by myself and SVB before I actually transacted any monies to SVB. I was not receiving any profit from the the client I was buying the item for. My income results from properly servicing the bike and/or adding/modifying parts as requested (some parts I sell from my own stock, some are client provided, some ordered from reputable sellers I know). I merely conduct the transaction due to my experience with buying items from European dealers (as well as with other countries and domestically) over many years and I understand what can occur if you do not get things correct regarding cost, shipping, and the details of what you are buying in order to receive what is expected and advertised.

More than once a seller (sometimes through their own ignorance, sometimes utterly intentional; in this case the latter) has an item incorrectly described or inadequate info and/or imagery and I have had to correct them or get more info/imagery to confirm an item's authenticity and condition before buying, or refusing to buy if not receiving that which was requested as a condition to purchase something. Yes, there are deceivers out there who will try to be misleading. Those who are not have no problem giving info required and/or correcting info that may be erroneous since it pertains directly their integrity if things go astray, and to avoid complications (refunds, returns, bad feedback, legal action, etc.) resulting from a "bad" sale. I have had many sellers thank me for providing to them the correct info/history of something they are selling whether I am buying it or not. At times I inform them that they have something much more or less valuable due to incorrect listing info. Usually those trying to sell something overpriced who are unscrupulous are not happy and do not thank you, nor do they correct their listing to reflect the items actual history, details, condition; as they just want to get whatever sucker they can, make their money, and move on to the next sucker. If you ever have any doubts just move on and save yourself the time and hassle of having to later deal with the issues which arise if you are not diligent when conducting business.

So my client sees something they are interested in and asks for my advice and assistance in purchasing the item if everything seems kosher since I had much more experience with the item itself and general value. I asked both questions from my client, as well as my own to ensure what was being listed was as advertised by SVB. I received answers to our queries and extra photos not shown in the listing in less than 24 hrs, sometimes within a couple hours so everything seemed good and I passed on everything to my client to confirm going ahead with making the purchase on their behalf. I told the client that even though the item was "on sale" (I think it was 25% off) I thought the price was still too high (overly worn part, missing parts: no pedals; and mismatched group parts) so I gave my valuation and asked what action should be taken. It was decided to make an offer at another ~10% off (though I advised more!), and SVB readily agreed. Great; purchase price was locked in and the only thing left was to determine means and cost of shipping. SVB inquired if standard or express shipping. I contacted my client and received the go ahead to have it shipped at standard rate (7-10 days, Germany to USA; express would have been 2-3 days at a higher cost of course), and so everything was agreed upon by all parties involved; item was paid for and receipt was provided. This all happened in 6 days, again with SVB replying to all messages in a very timely manner. Everything seems great correct?

Now the reality:
1) Improper shipping not in line with agreed upon method:
Since shipping was going to be 7-10 days, I knew I could be away from the delivery address to get some travel time in before receiving the bike, inspecting it, and performing requested work that I would earn a few dollars from. I allowed myself 5 days just in case delivery came early (it has never happened that I received a package with standard shipping from Europe in less than a week regardless of size; and this item was definitely having to go through customs, 1-2 days normal delay); but I did not want to risk any issues since it was technically another's property with myself already having been reimbursed the transactional costs incurred thus far (still customs expected). If I thought I would not have been available in person at the delivery address I would have placed a hold on the package and picked it up at the shipping company's distribution site (which I have done before). I luckily checked my emails (I was supposed to be on vacation!) after 2 days and discovered that the package was "out for delivery" on an email, and on a following email 1.5 hrs later "package delivered". This all occurred 2 days from the order being confirmed and receipt for the transaction! I was more than a little irritated because it is hard to put blame of shipping damage on the shipper if I was not there in person which is always my intent (shipping damage has happened before!). Also, I now had to stop what I was doing and rush home to secure a rather expensive item that was not my property, but that was still my responsibility. I arrived a day later in the evening with the package just dropped off by FEDEX on the side of the road (about 6-8 ft away) in the grass and having been rained on for about 1/2 a day before I got back. It had been sitting roadside for a full day and a 1/2 for anyone to take at will. I was very thankful it was there, but I was fuming at losing my vacation time, a wet package, and possible theft. FEDEX is to blame for delivery situation only, not for speed of delivery which SVB changed on their own. Normally I would be happy for an unexpected speedy delivery. This was not one of those times. Although SVB shipped express delivery at their own cost (I was never charged for shipping change); I was not informed of the change at any time either before, during, or upon later attempts to contact SVB to inquire why the change was made.

2) Upon opening the package to inspect for damage (I take photos before opening; after opening, but before removing anything; and incrementally upon removing separate pieces until completely done). No obvious damage from shipping, or from water exposure; but I could see some packing issues that could potentially be an issue due to incomplete packing material not providing proper protection and loose parts not secured to larger parts which allow them to bounce around and chaff or dent other parts/frame. Upon actually removing everything there was minor damage; and though minor it could have easily been prevented with a little more packing material and very little time considering the time spent to do what was already 95% complete. The handlebar which had brand new black cloth tape had been exposed (due to not being completely covered!), and had gotten white grease (excessively applied to inside of headset/steerer tube & not properly cleaned up) on it due to not being completely protected leaving some areas exposed; and it could not be completely cleaned off after trying. More damage occured on the bottom bracket shell which had packing slide off causing chafing of paint on the cardboard box (it could be buffed out, but more time wasted). Loose foam tubing packing material was found in bottom of box because it was not properly secured to parts.
Upon removing frame, oil started dripping out, not a drop or 2; but enough so that even after it initially drained, it later drained out more and stained my wood floor. I do not know what this was from; and I have never experienced this in decades of similar purchases.

3. The parts did not match the description on their website:
After inspecting the entire bike for damage issues I discovered that the bottom bracket assembly which was listed as Campagnolo had used at least one non-Campagnolo part. One bearing cup was OFMEGA clearly seen on the outside of the cup. How is it possible that their "crack" (maybe doing crack) "professional mechanics" blatantly installed the wrong part? This could only be intentional, and now required dismantling, ordering a another part, reinstalling, and adjusting which is time and money that the buyer should not be required to deal with.

4. Improper adjustment/intallation of parts on a bike they state as being tested:
Headset way too tight and needed to be readjusted. Tubular tire was improperly glued and needed to be redone. Both issues again requiring time/materials that should not have been needed if done properly as listed by the site.

5. Improper cleaning:
Upon removing the large chainring, the small ring was found to be dirty in areas obstructed by the large ring because they were too lazy to remove the large ring to do what only 5 mintues of the professional grade work that was required.

6. Lack of claimed testing:
The chain was brand new, but the large chainring was excessively worn (which I had noted before purchase and addressed to my client) where there could not be proper engagement of rollers and teeth unless an old "stretched" chain had been used to test the bike, and furthermore the new chain could not have left the dirty black residue on the partially cleaned small ring since it was still clean like new.

7. Failure to address any issues found upon being informed:
I sent multiple emails to 3 different SVB addresses listing problems encountered above. Not one was replied to after attempting over a period of weeks to a month. Remember, SVB quickly replied when they were expecting a sale; once money was received that came to an abrupt halt. They have yet to reply over the past 3 to 4 months. I requested a partial refund of $55 dollars only the deal with parts and labor to address the BB issue and that was at the lowest cost since often BB work is $30-$50 alone without any parts. Part would need to be ordered and shipped costing another $50. Total labor to clean, remove parts, reinstall parts, and adjust all issues would be well over $100 dollars in parts and labor (doing it myself; a shop would charge at least that or more).

In summary: they lied in their advertisement about bike being as received: not tested with parts received, and wrong part(s) (unethical fraud= crime), they changed shipping dynamics w/o consulting customer (unprofessional), they failed to properly pack and clean the bike (unprofessional), they claimed value nearly at 50% less on shipping voucher (unethical), and they did not provide compensation to the buyer for their own mistakes whether intentional or not (unprofessional and unethical), and they did not reply to multiple attempts to contact them once sale was completed (unprofessional).

Given only one or two of those discrepancies should be enough to avoid doing business with them.

But of course there is one aspect that should also be taken into consideration: there are extremely
overpriced and that is apparent on their own website. Here is their 40% off EVERYTHING sale announcement; and I guarantee that they are still making a profit even giving that discount. My only advice if you feel you must do business is to ensure you see detailed photos of every part at multiple angles if necessary to identify each part by brand and view condition, and ask for 40% or more off at the very least before any purchase. Best just to avoid them since they are not worth the trouble dealing with. What I experienced cannot possibly be a one time failure considering all the issues which occurred. Unethical criminals have no problem doing exactly what they did!

   

Remember, SVB is not some "amateur" ebay seller (they do list on ebay, as well as on their own site, and they have a brick & mortar store & coffee shop- wonder how much they charge for a cup of coffee); although aside from the initial purchase transaction everything was at an amateur, unprofessional, and/or unethical and criminal level.

Although I doubt this applies to the majority of readers on this site, I hope it provides some insight into this "business", and when dealing with any seller.
  Reply
#2
I hate it when that happens... Sad

But sometimes ya gotta go out on a limb and trust people... and things like that happen. Undecided

Generally speaking, I think goods & services have declined in quality with the advent of globalization... Cry

Moi, I've always been a man of my word, so it riles me when $h!t like that happens, lol... Wink
"Nothing ventured, nothing gained..."
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#3
(10-14-2025, 11:15 AM)Sidewinder Wrote:  I hate it when that happens... Sad

But sometimes ya gotta go out on a limb and trust people... and things like that happen. Undecided

Generally speaking, I think goods & services have declined in quality with the advent of globalization... Cry

Moi, I've always been a man of my word, so it riles me when $h!t like that happens, lol... Wink

I brought a little financial and legal pressure down on that company. Threaten to have credit company refund me in full and return bike at SVB's cost due to not receiving the advertised item. Threaten legal action for fraud (selling something that was different from advertised item; essentially a "bait & switch" con job).

They ended up paying nearly 3x the requested amount. Not sure where their brains are located, but it is certainly not in their skull!

For them the damage to their reputation is spreading online via various cycling forums, F-book, and review sites. Still a pain to have wasted time when everything could have been avoided before the bike ever left their shop; and certainly shortly after the time they were initially contacted about it. Still a little bit of a good feeling knowing I'll never worry about dealing with them again, and that they will probably think twice about trying to scam someone.
  Reply
#4
@geometry dash lite
Wow, this thread really shines a light on the darker sides of vintage bike trading! I've had my fair share of great and not-so-great experiences with sellers online, and it’s crucial for us to be vigilant. The allegations against Steel Vintage Bikes are shocking but unfortunately not surprising in today’s market. Does anyone have tips on how to verify the authenticity or reputation of a seller before making a purchase? I'd love to hear your stories too! It's all about keeping our biking community safe and informed. 🏍️
  Reply
#5
Wow! Thanks heaps for the warning and for taking the time to pass along your great, in-depth information to us!

Much appreciated
  Reply
#6
I guess the nail in the coffin may have been driven in regarding SVB.

I was made privy to another SVB client who "hired" them to sell a very valuable bike for them at a 25% cost of the overall sale.

The bike in question is a c. 1979 Colnago Mexico Oro special edition (the catalog models were already limited to 100 I believe; the bike in question is much rarer) which was purchased brand new and remained unridden hanging on a wall in the guy's family basement. 100% original down to the 45 years of dust on it. Included was an equally rare poster of the bike signed by Eddy Merckx when the bike was obtained.

The guy had the bike hand delivered to SVB by another family member where some sort of contract was made on paper. SVB took custody of the bike and apparently serviced it which a big mistake in value terms as a bike like this should have had all its dry rotted rubber parts left in place and no tools touching it; only thing needed was external wipe down.
NOTA BENE: You ALWAYS let the next owner service/refurbish anything of 100% original condition or it diminishes in value. Most people think "fixing" something is best when dealing with collectibles; it is not! Most of us do not have something of original condition worth $10000 or more, and even lesser items are best left untouched except where preservation is needed to prevent further deterioration/degradation (e.g. paper, wood, leather, paint, etc.).

What happened: SVB stated to the rightful owner that they had a buyer at €10K (although one lowball bidder said the bike was up to a €15K bid on their website). At this point everything went dark since (as with myself) SVB stopped all communications with the owner after multiple attempts to contact them (I tried 3 separate SVB email addresses with multiple attempts on each and received no reply immediately after the money transaction!). The owner, thus far, has received zero compensation and has filed a dispute in his home country and/or Germany.

At present the SVB website is down (as is their ebay account) with the message "Site under maintenance Online shop will be back soon. We are updating the system. © 2026 — Steel Vintage Bikes". That messagecis a lie! There is no website system updating going on. There are legal proceedings going on; but SVB jas decided to lie and deceive once again! Note: that message occurred at least 3 or more months ago and the "© 2026" part was dated as "2025" so someone was making changes as recently as 3 weeks ago. When both myself and the other client were involved with SVB the site was still in operation so no reason for them not reply to emails or other communications unless intentionally doing so.

As per another website there is evidence from those who checked deeper that the German courts are now involved regarding the SVB company/owner directly (not necessarily in relation to customer complaints). They may frozen the company's liquid and/or physical assets (bike and coffee shops); I do not know. Regardless, there is obviously legal entanglements for the company and now for any clients attempting to be made whole.

It is still unknown if the Colnago bike and poster were sold, left in the shop as part of physical assets, or secreted away by the unethical owner.

Technically, I was made whole not by being compensated monetarily in receiving any funds directly from SVB; but by the fact that I refused to pay the customs fees and additional shipping costs due to receiving an item not as described an stating it as a fraudulent transaction to those entities (Federal and private) that I would owe if the sale was not fraudulent. Those unpaid charges reverted back to SVB (to whom I expressed potential legal action against and/or receiving a full refund and return shipping at SVB's expense) which I cerified were paid and to which I was no longer held liable. Those cost more than covered my labor and parts costs incurred ny SVB's fraud so I ended up being lucky. If I charged higher labor rates and parts costs (i.e. bike shop prices) the suspension of the customs/shipping costscwould not have covered actual personal expense. What was not covered was my potential loss of professional and personal integrity with my client who could have easily spread by word of mouth and online my lack of reliability and/or honesty. Thankfully, I was spared that due to having evidence of SVB's fraud which I presented to my client and the fact that I covered all issues at no additional cost to my client. Other than an understandable delay in delivering the promised product to my client we all ended up being able to eventually be made whole.

The owner of that Colnago might never get any monetary compensation, and may have to spend money just to pursue the case without any positive end resulting.

@JimmyPace
The best verification are face to face transactions, everyrhing else is caveat emptor. Checking a seller's feedback is just one thing you can do it it is available. Asking on relating sites amd groups if anyone has directly dealt with the seller can sometimes reap more info. In today's world online sales are a crapshoot and until you do business with someone it is a blind purchase at the start. I do not deal with ebay anymore (read further on), but the people I built a rapport with I contact dorectly bypassing ebay's costs for seller and buyer saving me money (usually 10%+) and making the seller more (15%+).Dedicated sales sites (e.g. ebay, et al.) are no more secure for buyers than open sales sites (e.g. Craigslist) unless you meet the seller or biyer.
Here is an example of why I have not used ebay in many years: I bid on an item (a complete high quality vintage bike in excellent and original condition except tires) and easily won the auction at about 1/3-1/2 the item's general market value. I always take shipping, tax, customs costs into consideration when bidding and I was able to "pad" my bid by the fact that the openly stated shipping cost (~$85) was about 1/3-1/2 what I knew the actual cost would be (at the time ~$175 to $250 international ground freight). I could only assume that the seller either miscalculated shipping costs or thought they would receive a substantial enough high bid to cover all costs and still make a reasonable profit. I did due diligence in vetting the seller (no major or repetitive feedback issues from buyers) and noticed that their items for sale were much smaller, lower cost, and were in a completely different area of sales category (general home stuff; no cycling stuff except the bike in question) so I assumed they were either selling the item for someone else or they had randomly happened upon the item and thought it would generate a good profit and they probably had no idea of the effort, materials, and required cost to ship it (whether going across town or shipping internationally). At the time I had done years of business on ebay and thousands of transactions so I knew what I was doing. When I transacted the money and everything registered properly through ebay's system I assumed that the deal was done. Not! The seller sent a message through ebay's messaging (thus kept on ebay's record) that the shipping cost was going to be about 4 times as high (from memory I think well over $300). I replied stating that the listing had international shipping already listed and I paid that and all other costs related to the sale. The seller replied that it was much was much higjer and they meeded to spend money to get proper shipping container and packing materials, as well as getting it dismantled. Knowing this in advance and given my cost advantage (and at that time my "soft heart") I wold them that I would voluntarily help defray their cost by adding to the shipping cost and bringing up to a total of around $150. This did not satisfy the seller and after my refusal to pay their excessive shipping cost they cancelled the sale without cause or my request to do so. If I paid their cost I lost any monetary advantage myself since I would never have bid as high as I did, and I proceeded to file a complaint against the seller for cancelling the sale without cause since I had not only satisfied the terms of the sale, but I had also voluntarily offered extra money to help out the seller. Ebay replied that the sale was not cancelled by the seller without cause because all the seller needed to do was select the ebay's sale cancel option of an "undeliverable shipping address". This is a BS reason since my shipping address was never chamged for years wirh ebay neing able to verify that all my transactions had been delivered there and no returns had ever occurred due to not being able to be delivered to it. Ebay sided with the seller and cancelled the sale. Yes, I was refunded my money, but the loss of time and potential profit (no one considered if I already had a client for that bike or its parts). I filed a complaint of fraud against the seller (essentially a "bait and switch" scheme), and all ebay said they could do was to issue a warning to the seller which of course was utterly meaningless since they did not suspend their account or ban them from selling. The seller got away with lying even when ebay knew and used ebay's own pathetic system to do it. I got screwed. The item never again appeared on ebay so I can only assume that the seller after learning about the costs to have it dismantled, buy special packing materials, and the actual shipping costs probably sold it locally instead of going through the trouble of dealing with an ebay sale even though they could have listed their shipping cost to reflect the reality that they would have needed to charge to satisfy their time, effort, and profit margin.
This was a lesson of how you can do everything correctly and even go above and beyond to satisfy a seller, but in the end get screwed by the seller and platform supporting the seller's fraud.
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#7
@Jesper, this is something. Thanks for sharing your experience and reminding me, a newbie that no amount of diligence is enough..

Hopefully the Colnago owner will receive fair compensation. It’s truly frustrating when you do all the due diligence and still get defrauded.

I usually mull over it for a bit, but usually end up reminding myself that what goes around comes around—they’ll reap what they sow.


(01-20-2026, 12:53 PM)Jesper Wrote:  I guess the nail in the coffin may have been driven in regarding SVB.

I was made privy to another SVB client who "hired" them to sell a very valuable bike for them at a 25% cost of the overall sale.

The bike in question is a c. 1979 Colnago Mexico Oro special edition (the catalog models were already limited to 100 I believe; the bike in question is much rarer) which was purchased brand new and remained unridden hanging on a wall in the guy's family basement. 100% original down to the 45 years of dust on it. Included was an equally rare poster of the bike signed by Eddy Merckx when the bike was obtained.

The guy had the bike hand delivered to SVB by another family member where some sort of contract was made on paper. SVB took custody of the bike and apparently serviced it which a big mistake in value terms as a bike like this should have had all its dry rotted rubber parts left in place and no tools touching it; only thing needed was external wipe down.
NOTA BENE: You ALWAYS let the next owner service/refurbish anything of 100% original condition or it diminishes in value. Most people think "fixing" something is best when dealing with collectibles; it is not! Most of us do not have something of original condition worth $10000 or more, and even lesser items are best left untouched except where preservation is needed to prevent further deterioration/degradation (e.g. paper, wood, leather, paint, etc.).

What happened: SVB stated to the rightful owner that they had a buyer at €10K (although one lowball bidder said the bike was up to a €15K bid on their website). At this point everything went dark since (as with myself) SVB stopped all communications with the owner after multiple attempts to contact them (I tried 3 separate SVB email addresses with multiple attempts on each and received no reply immediately after the money transaction!). The owner, thus far, has received zero compensation and has filed a dispute in his home country and/or Germany.

At present the SVB website is down (as is their ebay account) with the message "Site under maintenance Online shop will be back soon. We are updating the system. © 2026 — Steel Vintage Bikes". That messagecis a lie! There is no website system updating going on. There are legal proceedings going on; but SVB jas decided to lie and deceive once again! Note: that message occurred at least 3 or more months ago and the "© 2026" part was dated as "2025" so someone was making changes as recently as 3 weeks ago. When both myself and the other client were involved with SVB the site was still in operation so no reason for them not reply to emails or other communications unless intentionally doing so.

As per another website there is evidence from those who checked deeper that the German courts are now involved regarding the SVB company/owner directly (not necessarily in relation to customer complaints). They may frozen the company's liquid and/or physical assets (bike and coffee shops); I do not know. Regardless, there is obviously legal entanglements for the company and now for any clients attempting to be made whole.

It is still unknown if the Colnago bike and poster were sold, left in the shop as part of physical assets, or secreted away by the unethical owner.

Technically, I was made whole not by being compensated monetarily in receiving any funds directly from SVB; but by the fact that I refused to pay the customs fees and additional shipping costs due to receiving an item not as described an stating it as a fraudulent transaction to those entities (Federal and private) that I would owe if the sale was not fraudulent. Those unpaid charges reverted back to SVB (to whom I expressed potential legal action against and/or receiving a full refund and return shipping at SVB's expense) which I cerified were paid and to which I was no longer held liable. Those cost more than covered my labor and parts costs incurred ny SVB's fraud so I ended up being lucky. If I charged higher labor rates and parts costs (i.e. bike shop prices) the suspension of the customs/shipping costscwould not have covered actual personal expense. What was not covered was my potential loss of professional and personal integrity with my client who could have easily spread by word of mouth and online my lack of reliability and/or honesty. Thankfully, I was spared that due to having evidence of SVB's fraud which I presented to my client and the fact that I covered all issues at no additional cost to my client. Other than an understandable delay in delivering the promised product to my client we all ended up being able to eventually be made whole.

The owner of that Colnago might never get any monetary compensation, and may have to spend money just to pursue the case without any positive end resulting.

@JimmyPace
The best verification are face to face transactions, everyrhing else is caveat emptor. Checking a seller's feedback is just one thing you can do it it is available. Asking on relating sites amd groups if anyone has directly dealt with the seller can sometimes reap more info. In today's world online sales are a crapshoot and until you do business with someone it is a blind purchase at the start. I do not deal with ebay anymore (read further on), but the people I built a rapport with I contact dorectly bypassing ebay's costs for seller and buyer saving me money (usually 10%+) and making the seller more (15%+).Dedicated sales sites (e.g. ebay, et al.) are no more secure for buyers than open sales sites (e.g. Craigslist) unless you meet the seller or biyer.
Here is an example of why I have not used ebay in many years: I bid on an item (a complete high quality vintage bike in excellent and original condition except tires) and easily won the auction at about 1/3-1/2 the item's general market value. I always take shipping, tax, customs costs into consideration when bidding and I was able to "pad" my bid by the fact that the openly stated shipping cost (~$85) was about 1/3-1/2 what I knew the actual cost would be (at the time ~$175 to $250 international ground freight). I could only assume that the seller either miscalculated shipping costs or thought they would receive a substantial enough high bid to cover all costs and still make a reasonable profit. I did due diligence in vetting the seller (no major or repetitive feedback issues from buyers) and noticed that their items for sale were much smaller, lower cost, and were in a completely different area of sales category (general home stuff; no cycling stuff except the bike in question) so I assumed they were either selling the item for someone else or they had randomly happened upon the item and thought it would generate a good profit and they probably had no idea of the effort, materials, and required cost to ship it (whether going across town or shipping internationally). At the time I had done years of business on ebay and thousands of transactions so I knew what I was doing. When I transacted the money and everything registered properly through ebay's system I assumed that the deal was done. Not! The seller sent a message through ebay's messaging (thus kept on ebay's record) that the shipping cost was going to be about 4 times as high (from memory I think well over $300). I replied stating that the listing had international shipping already listed and I paid that and all other costs related to the sale. The seller replied that it was much was much higjer and they meeded to spend money to get proper shipping container and packing materials, as well as getting it dismantled. Knowing this in advance and given my cost advantage (and at that time my "soft heart") I wold them that I would voluntarily help defray their cost by adding to the shipping cost and bringing up to a total of around $150. This did not satisfy the seller and after my refusal to pay their excessive shipping cost they cancelled the sale without cause or my request to do so. If I paid their cost I lost any monetary advantage myself since I would never have bid as high as I did, and I proceeded to file a complaint against the seller for cancelling the sale without cause since I had not only satisfied the terms of the sale, but I had also voluntarily offered extra money to help out the seller. Ebay replied that the sale was not cancelled by the seller without cause because all the seller needed to do was select the ebay's sale cancel option of an "undeliverable shipping address". This is a BS reason since my shipping address was never chamged for years wirh ebay neing able to verify that all my transactions had been delivered there and no returns had ever occurred due to not being able to be delivered to it. Ebay sided with the seller and cancelled the sale. Yes, I was refunded my money, but the loss of time and potential profit (no one considered if I already had a client for that bike or its parts). I filed a complaint of fraud against the seller (essentially a "bait and switch" scheme), and all ebay said they could do was to issue a warning to the seller which of course was utterly meaningless since they did not suspend their account or ban them from selling. The seller got away with lying even when ebay knew and used ebay's own pathetic system to do it. I got screwed. The item never again appeared on ebay so I can only assume that the seller after learning about the costs to have it dismantled, buy special packing materials, and the actual shipping costs probably sold it locally instead of going through the trouble of dealing with an ebay sale even though they could have listed their shipping cost to reflect the reality that they would have needed to charge to satisfy their time, effort, and profit margin.
This was a lesson of how you can do everything correctly and even go above and beyond to satisfy a seller, but in the end get screwed by the seller and platform supporting the seller's fraud.
  Reply
#8
(01-27-2026, 10:32 PM)GirishH Wrote:  @Jesper, this is something. Thanks for sharing your experience and reminding me, a newbie that no amount of diligence is enough..

Hopefully the Colnago owner will receive fair compensation. It’s truly frustrating when you do all the due diligence and still get defrauded.

I usually mull over it for a bit, but usually end up reminding myself that what goes around comes around—they’ll reap what they sow.

Unfortunately, I fear that this situation will be tied up in the German legal system for some time. This is more than a case of a business going bust;"it involves intentional theft and/or fraud. I doubt SVB owned their premises, but if they did I doubt it was clear if liens, mortgage, etc. Those being owed the most often are satisfied first with the lesser debtees getting the crumbs.

Yes, one hopes that the owner is made whole; but if the bike was indeed sold there should be a record of who the buyer was and depending on local laws it could be said that the new "owner" purchased stolen property; but the bike itself should nonetheless be considered as evidence if it progresses as a criminal case.
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