You get an email about an "Ebay auction" but the links are to google.com and it doesn't seem the author wants your password but your clicks. But since this is a link to google.com mail clients don't detect anything suspitious they treat it as safe. It's something like (I've changed the original URL) http://www.google.com/pagead/iclk?s...H0sz4&num=5&adurl=http://www.softlakecity.com
Looks more like it's going to land on the website softlakecity dot com after hitting something on Google
Those kinds of redirections for phishing are so old yet it seems they`re still working. Trusted sites are used to convince the victim its safe to click it while the redirect (thanks to poor website coding mostly) takes the victim to a fake phishing site. So: 1. Dont click. 2. Report to the webmaster of the site used for redirection (google.com in this case), include full headers and content of the email.
It's a clever one because the author redirects to well known sites like this as well. So he only gets something from adsense and I guess he hopes this is not a big fraud if they catch him. Which is probably true they are going ony going to freeze his adsense earnings. Yes I reported phishing to Google within minutes with all the details. So he probably gets nothing now but...