What is with the huge cost of these bracelets on Ali Express?

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David321

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#288671 16-Jul-2021 08:21

Has anyone had these show up on google ads, they seems to be basic bracelets but have a price tag of hundreds of thousands of dollars. I realize the seller also sells pearl jewelry etc which would be worth a bit, but the particular item for sale seems to be the bracelet? Money Laundering comes to mind, although id imagine that would be hard to pull off on ali express?

_David_

shk292

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#2745009 16-Jul-2021 09:07

Maybe you get a free NFT thrown in? That would make them worth it

floydbloke

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#2745013 16-Jul-2021 09:25

25% off and free shipping - looks like a good deal 🤪

Sometimes I use big words I don't always fully understand in an effort to make myself sound more photosynthesis.

David321

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#2745077 16-Jul-2021 10:11

shk292:
Maybe you get a free NFT thrown in? That would make them worth it

NFT?

_David_

Fred99

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#2745083 16-Jul-2021 10:24

David321:
shk292:

Maybe you get a free NFT thrown in? That would make them worth it

NFT?

NFT

Linux

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#2745089 16-Jul-2021 10:40

You can buy one for each wrist

Jaxson

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#2745093 16-Jul-2021 10:59

floydbloke:

25% off and free shipping - looks like a good deal 🤪

I got two 👍

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alavaliant

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#2745105 16-Jul-2021 11:22

Possibly the high price could be the result of automatic pricing going wrong? - I remember reading an article a while ago where on some sites sellers were setting automatic rules to say that their product should be listed for $price_of_other_item + 2%, but then if the other seller implemented a similar rule you'd end up with the prices being continually increased until they reach insane levels.

tripper1000

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#2745209 16-Jul-2021 15:01

Maybe they mistakenly set the denomination to GB Pounds instead of Yen or this is a payment scheme for something other than what is advertised such as a precursor.

neb

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#2745264 16-Jul-2021 18:09

tripper1000:
Maybe they mistakenly set the denomination to GB Pounds instead of Yen or this is a payment scheme for something other than what is advertised such as a precursor.

While this is highly unlikely, there is a Chinese concept called flying money (feiqian) where, for example, you buy a $277K bracelet in China and then someone sells you a Rolls Royce Ghost for $10 in your own country. It's used to bypass financial controls, taxes, auditing, etc.

networkn

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#2745392 16-Jul-2021 20:27

Because... Fools and their money are soon parted?

mattwnz

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#2745489 16-Jul-2021 23:54

New Zealands record breaking inflation. :/