Author: "Chris J. Richards" <richards@northcoast.com>
Date: Sat, 27 Oct 2001 12:38:59 -0400
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The only reason I can see to put a reserve price on an auction is if you really can't afford to sell it for less than the reserve price, and you'd rather not sell it if the bidding didn't get that fa
Frank, This is a common practice in the auction business. If the seller has grossly underestimated the fair market value, he may get a view that his offering is not in the higher value condition. On
Thanks Seteve and others. I now see several reasons why the seller may want to have a hidden reserve, all valid but debatable. Nobody has made a case for why revealing the reserve "defeats the purpos
I guess I didn't make a very clear argument but that's probably because I can see the merits of either position. If the reserve is way too high, then people will feel it's not worth their while to bi
You've hit on one of the two basic philosophies I use on internet timed auctions. (1) Always establish with yourself before bidding the maximum you want to bid and STICK TO IT, NO MATTER WHAT. -and-
Frank wrote: "The timed auction on eBay has many faults including the last minute bid scenario if the reserve is known." Frank as was the case in the email that started all this I think the potental
Barry, Theo, Unfortunately this is not really a valid method, as there is more than one clock running down until the "end-of-auction". Two things defeat this method. Firstly, if bidding is ongoing at
Your point Steve is the end of the auction could be extended if someone is still bidding? I can handle that. Like I said, I have a pre-determined limit and if the item sells for more, so be it. As fa
Barry, I do have cable modem that clocks at 1.2 GBps, but it has to pass through layers of routers to get to it's destination (look at an expanded address header, sometime). It takes a couple of minu
Unless I'm very much wrong, (and I don't think so), that's not the way the Ebay auctions work. On the second that the auction ends, whoever has entered the highest bid wins. I've missed putting in a
Steve, I must concure with Theo. Every ebay auction I have been a part of ended at the marked second regardless of who was bidding. I well know because there have been times when I "missed it by that
Tom, It could very well have been Yahoo Auctions, where their screen clock was lagging. -- Steve Laifman < Find out what is most > B9472289 < important in your life > < and don't let it get away!> <S
I've been in some hot and heavy last minute bidding on e-Bay. The way things work, you rarely get it when you go by the reserve, you're just too busy. This does result in higher sales prices. If you
God bless timed auctions and the last minute bid scenario, to which I owe my LAT 70's (sorry Larry), my ever so cool 21" flat screen monitor, the new radio/tape for my beater,and lots more. Last minu
Perhaps this is something you lightning modem boys can fill me in on. I have a paltry 56K modem. At the end of a hotly contested auction, e-Bay's normally stodgy response time almost freezes, making