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In lugnet.admin.general, Rob Doucette writes:
> > In lugnet.admin.general, Todd Lehman writes:
> > > Sealed bid auctions belong in .auction, and OBO sales belong in .b-s-t.
>
> My interpretation of this is:
>
> an OBO sale is similar to a sealed bid auction EXCEPT a minimum price is set
> in an OBO sale. The absense of a minimum price makes an OBO sale
> automatically an auction. Sound reasonable?
Hmm. In what way does the presense or absense of a minimum price make a
difference? IMHO, only two things can make an OBO sale into an auction:
1. If the seller calls it an "auction" (i.e. "SBA" or "sealed-bid
auction") rather than an OBO sale, or
2. If the seller uses or has the intent to use offers received to solicit
progressively higher offers, i.e. pitting buyers against one another
in competing positions.
#1 would be like serving dinner instead of supper -- they both address the
same bodily need for food, but they have very different social contexts.
#2 would be like trying to sneak in some wine with breakfast.
--Todd
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Message is in Reply To:
 | | Re: 8480 Technic Shuttles
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| (...) My interpretation of this is: an OBO sale is similar to a sealed bid auction EXCEPT a minimum price is set in an OBO sale. The absense of a minimum price makes an OBO sale automatically an auction. Sound reasonable? For the record, Lindsay's (...) (24 years ago, 2-Apr-00, to lugnet.admin.general)
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