Altair prices

From: Bob Wood <altair8800_at_hotmail.com>
Date: Fri Aug 14 21:47:57 1998

>> >$12100 for the world's flakiest S-100 box:
>> > http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=24409570
>> >
>> >(and the reserve was still not met, but I bet the guy sells, what do
you
>> >think?)
>>
>> I think this whole auction reeks of bull-shit! Everything from
the
>> opening bid of $2500 to reserve of OVER $12,000 and the seller's
>> insistance of 1 day UPS delivery smells of being a FAKE!
>
>Interesting point. This auction could have been staged simply to raise
>the perceived value of the Altair 8800 just before someone dumps 25 of
>them on the market.
>
>Or someone may just be that stupid.
>
>Two theories. Take your pick.

Before this wild speculation goes any further let me
try to sets your minds somewhat at ease.
As you would expect it was my natural reflex
to offer a computer to the 2nd bidder. I have now had
several back and forth emails with him. He is, like
yourselves, an avid classic computer collector with
500 pieces including An Apple 1. He has Altairs but
not the original 8800. Hi explanation for the wide
difference in his bids on the two auctions is that
he put great value on the additional boards (the S-100
Hayes modem, a rare CPU, the video cards, etc. etc. etc.)
He is willing to pay no more for the straight computer than
his bid on Willing's auction. Now I know that most will
not agree with his assessment but that is not the point.
The point is that he is indeed a legitimate participant

I cannot, however, get into the mind of the woman who
entered the high bid. After having listed several hundred
Ebay items I can guess though. In a word - impulsiveness.
I have seen it time and again with my own auctions. In
my experience about 15% of my high bidders renig. When
I then offer the items to my 2nd bidders they will choose
not to accept about 95% of the time. This is nothing new
to online auctions (excepting that it is harder to renig
in a live auction). Auction bidding is done impulsively
and when given an opportunity to change their minds
most bidders will choose to do so.
So for whatever appeal the Altair has to her she probably
got caught up in the last minute frenzy and may have plenty
of money to be able to do so with no pain whatsoever. Or,
who knows, maybe she was buying it for someone else. There is
no way to know unless she chooses to tell us. Maybe someone has
been in contact with her and will tell us.
Of course there is always the possibility that she was a
shill. However, it is highly unlikely, given how the auction
ended.
Keep in mind that there was no offical transaction here. With
the reserve not met no one was committed to buy anything.

Much more interesting to me, than the bidders in this auction,
was the seller. What must he have been thinking to come up with such
a laughably unrealsitic reserve (and we don't know how laughable
because we don't know how high it was). I thought I had seen
just about every abberation Ebay could offer but I cannot
get into his head at all.
The bottom line is that this auction in no way contributes
to our trying to get a handle on how others now value an Altair.
Willing's outcome, however, is a more valid indicator of that.
But any auction price is only a contributing factor and should
be taken only that way.

To answer your other question, Sam, sure I would be glad to
reveal how I bought the MITS stuff. But all it would serve
to do is piss off others because it is something that every single
reader of this list could just as easily have done. Frankly,
I remained amazed for the year and a half I had it to myself,
that no one figured it out. But if I lay it out I will again
be chastised. I will be told that it is materialistic and irrelevant
 because all that
matters is tinkering with the computers. Are you sure you want
to hear all that again?

Bob
>

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Received on Fri Aug 14 1998 - 21:47:57 BST

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