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From: <>
Date: Sun Feb 27 13:35:59 2005

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.

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Received on Sun Feb 27 2005 - 13:35:59 GMT

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