Ending Auctions (was Re: HP 2114 on ebay)

From: morrison_at_t-iii.com <(morrison_at_t-iii.com)>
Date: Thu Sep 16 15:51:30 1999

Well then he'd have to pay the commision on $7000, no?

Neil Morrison
email:morrison_at_t-iii.com



> -----Original Message-----
> From: George Currie [SMTP:g_at_kurico.com]
> Sent: Thursday, September 16, 1999 1:44 PM
> To: Discussion re-collecting of classic computers
> Subject: Re: Ending Auctions (was Re: HP 2114 on ebay)
>
> > Second, the basic rules continue to hold. Which are:
> > - You offer something for sale, you have the option of setting
> > a reserve price and a minimum bid.
> > - When your auction ends, if the highest bid was above
> > your reserve then you _MUST_ sell the item to the highest
> > bidder. REGARDLESS OF HOW THE AUCTION ENDED.
>
> Speaking of this point, did anyone catch the auction for the Xerox
> Star? Talk about weird endings, it was around $2100 (reserve not
> met) until the very end, when suddenly a $7000 bid comes in
> (reserve met). But get this, the alias of the high bidder is almost
> exactly the same as the seller (seller was foobar, buyer was
> foo.bar). Sounds like maybe the second place bidder actually hit
> the reserve ($2300?) and the seller decided that he didn't want to
> sell it so put in a massive bid under a diff. alias?
>
> George
Received on Thu Sep 16 1999 - 15:51:30 BST