Person A sibmitted a bid that was $400, (knowing the price was $80, but
securing it against somebody who wants to pay $150) taking the actual price
to $90,
and finally person B bid $300 taking the final price to $310, with Person A
still winning.
Person A was left with the original $90 item for the sum of $310, because
they said that they were happy to pay up to $400. Person B pushed the price
up, with no consequence to themselves.
While it is irritating to loose to people who have fatter wallets, and
greater bandwidth than us, isn't that the actual goal of the auction? To
obtain the highest possible price for the seller.
In reality, aren't we placing the bid that we are prepared to pay?
Just my thoughts.
Doug Jackson.
CAUTION - The information in this message may be of a privileged or confidential nature intended only for the use of the addressee or someone authorised to receive the addressee's e-mail. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail is strictly prohibited. If you have received this email in error please notify postmaster_at_citadel.com.au. Any views expressed in this message are those of the individual
sender and may not necessarily reflect the views of Citadel Securix.
Feel free to visit the Citadel Securix website! Click below.
http://www.citadel.com.au
Received on Sun Feb 27 2005 - 13:35:59 GMT