Over in MilesBuzz there is a thread
Airlines bristle at sale of vouchers which discusses the pros, cons, legality, ethics etc. of selling miles on eBay using various methods such as the ingenious "white envelope". Now, I don't want to get caught up in the right vs. wrong discussion, but I found on eBay someone selling
Envelope w/ 500,000 American Airlines Miles!!!
This is easily the largest number of miles I have ever seen being auctioned.
My question is whether anyone would consider selling 500,000 miles for $6,600 (highest bid as of today at 11:07 a.m. Pacific time)?
For me, I plan on using my miles for personal trips when I am no longer a road warrior. In my book, 500,000 miles is more than just $6,600, 500,000 miles means going on vacation across the pond ten times and being able to ugrade to C or 5 international F tickets or a whole bunch of free domestic coach tix.
Now, this guy states that
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">I have created a way that generates miles for very little cost, so if you are interested I am also looking for a partner in this regards</font>
so maybe he has an infinite number of
potential miles and so he isn't too concerned about running out of miles to sell. (You have to wonder though, if he has found a way to "generate miles for very little cost", why does he need a partner?)
Each F ticket alone probably costs more than $6,600. Granted, the value of 500,000 miles may be more or less depending on which airline you have accumulated them due to their award redemption policies, and so I can only speak for their value on AA, but for me, after sitting my butt in MRTC for the minimum 500 miles per LAX-SJC flight, eating way too much Kellogg's cereal and enduring countless cavity searches by the security morons, $6,600 is not nearly enought for me to part with those kind of miles.
[This message has been edited by onedog (edited 03-28-2002).]