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Subject: 
Re: Proxy ratcheting: How do auction systems work?
Newsgroups: 
lugnet.market.auction
Date: 
Sun, 25 Apr 1999 16:39:54 GMT
Reply-To: 
CJC@NEWSGUYnomorespam.COM
Viewed: 
922 times
  
Steve Bliss <blisses@worldnet.att.net> wrote:
The Serious Collector allows the selling Member to pick the indrement: 5% 10%
or 15% - it is not fixed at X%.

The selling Member thus controls the speed of the auction, or rather s/he
manages how quickly a lot reaches its "ideal" price.

That's great!  Thanks for pointing this out.

That is good to know.  So the sellers can shoot themselves in the foot
if they're selling high dollar items or they can be smart, but the
system doesn't force them to do one thing or the other.

I still think making buyers happy is as important as making sellers
happy, though.  You can't make a sell without one of each.

--
Lego Shop at Home: 800-835-4386 (USA) / 800-267-5346 (Canada)
www.lugnet.com/news/ - A great new resource for LEGO fans worldwide



Message is in Reply To:
  Re: Proxy ratcheting: How do auction systems work?
 
(...) That's great! Thanks for pointing this out. Steve (25 years ago, 22-Apr-99, to lugnet.market.auction)

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