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How does this work? CIJ Jazz 75 RI project


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So this Fender Japan body/neck, with truss rod repair required, in what I think is a pleasing colour comes up as a possible project. I'm thinking £150  would be a fair price, would allow 250 fix or replace the neck and the missing hardware, and you have a bass which might fetch 400 on a good day - a good condition original example might make 600 = 650.

https://www.ebay.co.uk/itm/PROJECT-FENDER-JAZZ-BASS-1975-RI-OCEAN-TURQUOISE-GREEN-MATCHING-HEADSTOCK-/292479277315?_trksid=p2047675.l2557&ssPageName=STRK%3AMEBIDX%3AIT&nma=true&si=Y6sTXxcDAF%2BRuh%2FYcI%2BskTFZFdE%3D&orig_cvip=true&rt=nc

But instead, there's a bidding frenzy, it goes for more than 400 quid! And then the winner parts out the body, for just over 150

https://www.ebay.co.uk/itm/Fender-Jazz-Bass-Body-Crafrted-in-Japan-75-Reissue-/323166002360?_trksid=p2047675.l2557&ssPageName=STRK%3AMEBIDX%3AIT&nma=true&si=Y6sTXxcDAF%2BRuh%2FYcI%2BskTFZFdE%3D&orig_cvip=true&rt=nc

Still no sign of the neck, the buyer is now sitting on a £250 loss, and I'm baffled. What's going on here, what have I missed?

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