Tom, and all,
As I have told others (with goodies I desperately need) I don't mind paying
a fair price (one boat payment) but I will probably balk at putting your kid
through med school.
There is some fine, nebulous line between rape, capital gains taxation and
a fair deal. Probably different in each case.
With the limited # of Tigers out and about I'm trying to be fair in my
dealings. The guy I overcharge for a Book of Norman just may have my
hardtop.
Of course in our situation, chances are the sellers will be happy, the
buyers not.
If I could afford what I wanted I'd be chatting w/ the GT 40 crowd or maybe
the Pantera group.
Tiger Power! (Durango David)
>
> Jay,
> Most people (at least in my case) are bidding on E-bay
> because they are
> looking for a DEAL. Thus, (at least in my case) it is not
> only getting the
> item, but at what price. Many times I will "refresh" almost
> constantly over
> the last few seconds and see the price trickle up with
> differnt bidders.
> They (we) are all trying to do the same thing. That is, be the winning
> bidder at the lowest price, before it is too late.
> By setting a maximun bid and letting E-bay's computer bid
> you up more often
> than not will result in a higher price because the winning
> bidder will be
> the guy who was willing to spend the most (regardless) rather
> than the guy
> who got his bid in last (and highest), but without driving
> the price up.
> As an example the King Dick wrench is at $60 a minute before
> the auction
> ends. There are three guys interested. At the final seconds
> one bids $65,
> the other $70 and the winner $75. Thus the winner saves $25
> dollars (and
> potentially $45) over the senario you offered.
> It is more like a timed rally then and all out race. Granted
> it does not
> work in every case, but I feel that more often than not I
> have still won
> items and kept the cost down but last minute bidding.
> I know for some they might not understand this "pinching" of
> a dollar here
> and a dollar there, but due to health reasons I work only
> part time as a
> college instructor. Last year I brought in a whooping $16,000 with no
> benefits (and I have never been on any kind of welfare). I'm
> not crying the
> blues, my house is paid for and my wife has investment income
> left to her,
> but as you well know it is not cheap living in the eastern
> end of Ventura
> County. Thus my frugality is what supports my Tiger hobby.
> Without such
> methods of living, there would be no Tiger. I have nothing
> against the guy
> who has money to buy something, but I really do enjoy the
> "thrill" of last
> minute bidding (especially when I win). Regards, Tom Witt B9470101
> ----- Original Message -----
> From: <Jay_Laifman@countrywide.com>
> To: <tigers@autox.team.net>
> Sent: Friday, November 02, 2001 8:06 AM
> Subject: Bidding on Ebay and King Dick wrenches
>
>
> > I just noticed this thread on bidding on eBay and last
> minute bids. I did
> > not see it start. Perhaps I'm missing something. But, on
> eBay, I do not
> > see how anyone needs to worry about last minute bidding.
> You set your top
> > bid and the computer bids for you. If someone at the last
> minute outbids
> > your top bid, and you are upset, then either (1) you didn't
> set your top
> > bid as high as you really wanted to, or (2) you did set
> your bid as high
> as
> > you logically wanted to, but your hindsight emotions are
> telling you you
> > should have bid more. If it was #1, then it's your own
> dang fault. If it
> > was #2, then you should be glad you were not swept up in
> the moment and
> > spent more than you really should have.
> >
> > For example, if there is this left handed King Dick wrench
> you just have
> to
> > have (Tiger content), and you put your bid down at
> $1,000,000, then nobody
> > is going to outbid you at the last minute. If you are
> willing to buy it
> at
> > up to $100, and you only bid $90, and someone outbids you
> at $95, then
> it's
> > your own fault for not bidding what you are willing to pay.
> If you think
> > it's worth $100 and you will pay up to $120, then put down
> $120 and you'll
> > have no regrets. The only thing I see about this last
> minute bidding is
> > that emotions are blinding people to the true value. If
> you are willing
> to
> > spend it, bid it.
> >
> > Also, as to the comment on public reserves, yes, you can do
> that on eBay.
> > The seller can set the first bid price - which is basically a public
> > reserve.
> >
> > Jay
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