principals in online selling? (was: IMSAI 8080)

From: Ward Donald Griffiths III <gram_at_cnct.com>
Date: Tue Jun 23 22:14:36 1998

Tony Duell wrote:
>
> > On the other hand, the seller would be stupid to accept the
> > first $300 if he gets a dozen offers of $300. I'll join the
>
> No, he wouldn't be stupid, he'd be honest. I'm sorry, but if I offer
> something for sale and quote a price, then the first person to offer that
> price gets it, no matter how many other offers I get, and no matter how
> much those other offers are. I've decided what I think it's worth, and
> that's the end of it.

That's the way it works. If the offer says $300, first one gets it. If
the offer says _minimum bid_ $300, that's different. Of course if the
offer says $300 obo, then if the best bid after a week is $50, in theory
that should cover it.
-- 
Ward Griffiths
They say that politics makes strange bedfellows.
Of course, the main reason they cuddle up is to screw somebody else.
				Michael Flynn, _Rogue Star_
Received on Tue Jun 23 1998 - 22:14:36 BST

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