driving prices down?

From: Zane H. Healy <healyzh_at_aracnet.com>
Date: Wed Apr 21 00:15:15 1999

>I just had an idea. One of the things pushing up e-bay prices
>is the publication of the high bids of past auctions. The logic
>for sellers is something like, since the previous one sold for
>this much, I should expect at least as much for this one.
>
>What if we kept (and publicized) a record of asking prices for
>the things that did *not* sell? Maybe buyers would look at that,
>and use similar logic to avoid bidding any higher than that?
>
> Bill.

But for every ten items that don't sell at X price, one does sell for even
higher. That's what they'll look at, or hope for. Besides how many of
them care if they sell it? Some of them, would sooner scrap it than sell
it for less than they wanted :^(

It's a good idea, but there are drawbacks, including getting it publicized.
Though I guess you could always auction the list off :^)

        Zane
| Zane H. Healy | UNIX Systems Adminstrator |
| healyzh_at_aracnet.com (primary) | Linux Enthusiast |
| healyzh_at_holonet.net (alternate) | Classic Computer Collector |
+----------------------------------+----------------------------+
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Received on Wed Apr 21 1999 - 00:15:15 BST

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