There's a few things going on here. Generally at SGW a gray Olympia SM3 in excellent "looking" condition like this one will go for $120-150. This one is also hiding a script typeface which will usually add another $110-150 of value, which would put it at the $300 mark. I'm sort of surprised that the original winner didn't actually pay for it at this price as that's likely what someone would honestly pay for one like this. (It's also possible that they forgot they won or didn't know and didn't pay for it in time too.)

On today's listing, it's far, far more likely that someone wants it and either couldn't get it or pay for it now at the price that it was going to go for in a reasonable auction. They used a throw away accout to make an outrageous bid in hopes that in a week it'll be relisted and no one will notice the script typeface and it'll go for well under $200. (It won't.) This happens incredibly frequently for some of the less common typewriters. Usually it's machines with script or uncommon typefaces or uncommon character sets. Recent auctions for a gold plated Olympia SM3 and a Yellow Royal FP with a Gothic typeface come to mind. I've seen this also happen four or five times in a row before someone ultimately pays for a machine at some reasonable price.

Honestly, SGW should have a policy that the second and third runners up for auctions that don't get paid for by winners should have the right of last refusal on auctions like this to prevent this sort of "gaming" of the system. If you search back in this sub, you'll see this topic coming up every couple of weeks with the same discussions over and over. The common wisdom is that a SGW auction isn't gone until the machine doesn't pop up anymore and actually "sold". And even then, if you wait a week or two, you'll usually see the exact machine pop up less than a month later on eBay being listed by the winner for an exorbitant amount (almost always without having done any additional cleaning or restoration work on it aside from maybe dusting it out.)

Maybe we should add the tag #SGWgaming to all these conversations to make them easier to find?

reply to https://old.reddit.com/r/typewriters/comments/1jift5r/listing_on_the_right_was_a_month_ago_listing_on/