At 21:15 27/04/2003, you wrote:
>On Thursday, April 24, 2003, Mike wrote:
> > eBay is exactly what a sealed bid auction is.
>
>Except that the bids aren't sealed all the way, since the highest one is
>known to all bidders.
Not quite: Everyone knows what the *second* highest one is, and that the
highest bid is at least greater than (or equal to, depending on bid timing)
that one.
The fact that the price changes during the auction, however, is the
greatest indicator that eBay is not remotely like a "sealed bid" auction.
--
Cheers, Ade.
Be where it's at, B-Racing!
http://b-racing.com
Received on Sun Apr 27 2003 - 18:15:01 BST