driving prices down?

From: Hans Franke <Hans.Franke_at_mch20.sbs.de>
Date: Wed Apr 21 09:20:29 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?

There are still to things to consider
a) the buyer - if the buyer is willing to pay, nobody can stop him
b) the seller - if you present a seller 10 low prices and 1 high, he
   still goes for the higher one - man is an optimistic creature :9

Gruss
H.

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Ich denke, also bin ich, also gut
HRK
Received on Wed Apr 21 1999 - 09:20:29 BST

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