Upon the date 03:44 PM 9/16/99 -0500, George Currie said something like:
>> 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?
Hmmm, that could be. Except my thought is that the seller is rather
"Creativity Challenged", to coin a new politically correct expression.
If another party came along with an email to him stating he's 'giving it
away' at $2.3k and said it should be around $7k and he panicked and setup
that foo.bar monkey business and bought back his machine, then that is
plain unethical. He should have done some more research on its value before
starting the auction.
foobar|foo.bar, sheesh.
Regards, Chris
-- --
Christian Fandt, Electronic/Electrical Historian
Jamestown, NY USA cfandt_at_netsync.net
Member of Antique Wireless Association
URL:
http://www.antiquewireless.org/
Received on Thu Sep 16 1999 - 19:00:44 BST