Subject:
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Re: FA: (eBay) Darth Vader Minifig (Dutch) x8
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Newsgroups:
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lugnet.market.auction
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Date:
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Wed, 22 Mar 2000 04:01:42 GMT
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Viewed:
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730 times
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In lugnet.market.auction, Kevin Wilson writes:
> Dan Jezek wrote:
>
> > Bidding is at $7.50 which is how much I want to get for each which I >think • is not that high since Bobba Fett sold for $10.50.
>
> The only Darth Vader I sold went for about $15 last year. But selling 8
> at once will push the price down, of course...
They're not being sold all at once. This is a "Dutch auction" which means
that the quantity of the item is more than 1.
In this case, there is quantity of 8 available and there can be up to 8 high
bidders at the same time bidding at the starting bid. If a 9th person was
going to bid, then the bidding price would go up. If there were 8 high
bidders at the end of the auction, each bidder would "win" 1 item at the
lowest starting bid, in this case $7.50 regardless of how high their bid was.
90% of the people on eBay probably won't understand this process, it took me a
while too. There is a link to the full explanation of a Dutch auction on the
auction page.
D.
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Message has 2 Replies:
 | | Re: FA: (eBay) Darth Vader Minifig (Dutch) x8
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| (...) I do know what a Dutch auction is, Dan. Have experimented with them on eBay and don't like them - if I have 8 of something to sell I prefer to do them in series. By "all at once" I meant "all at the same time" not "all in one batch": having 8 (...) (24 years ago, 22-Mar-00, to lugnet.market.auction)
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