Seller's market

From: Don Maslin <donm_at_cts.com>
Date: Sat Mar 27 15:47:24 1999

On Sat, 27 Mar 1999, Ward D. Griffiths III wrote:

> On Sat, 27 Mar 1999, Mike Ford wrote:
>
> >
> > The completion rate figure I have seen for eBay is 70%. Out of that 30%
> > that don't go through, a lot are from people who choose to list with high
> > first bids, ala the guy who keeps about 100 auctions going all the time,
>
> That's where Ebay has a disadvantage over real (in-person) auction
> houses. The ones I've been in often have a staff to check the
> bonafides of such bidders, such as if they try to walk away without
> the merchandise they promised to buy, they do so on broken legs.

And around here, at least, you cannot bid unless the auction outfit holds
a deposit of about $100 from you.
                                                 - don

> --
> Ward Griffiths
> "the timid die just like the daring; and if you don't take the plunge then
> you'll just take the fall" Michael Longcor
>
>
Received on Sat Mar 27 1999 - 15:47:24 GMT