Ending Auctions (was Re: HP 2114 on ebay)

From: George Currie <g_at_kurico.com>
Date: Thu Sep 16 15:55:16 1999

He could always say that the buyer "flaked out" and avoid paying
the commission.

> 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 - 15:55:16 BST