Seller's market

From: Mike Ford <mikeford_at_netwiz.net>
Date: Sat Mar 27 12:36:49 1999

>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.

This is just a seller with a high minimum bid, bidders who reneg are often
pursued, or just sued, and almost alway get negative feedback.
Received on Sat Mar 27 1999 - 12:36:49 GMT