Subject:
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Re: Did anyone else get this? - "Buy The Brick"
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Newsgroups:
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lugnet.market.auction
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Date:
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Mon, 9 Oct 2000 14:11:54 GMT
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Viewed:
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1567 times
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John Robert-Blaze Kanehl wrote:
> What is the value of any Lego set? ...Only what someone is willig to bid
> in the last second of your auction.
You don't have that quite right... The value is at most one bid
increment more than the amount a 2nd person is willing to bid. I.e.
something is only worth a high amount if at least two people think so at
the same time. If I suddenly decided that set XYZ was worth $500, it's
only worth that much if someone else also thinks so, otherwise, I'll win
the auction for a little bit more than what other folks value it at.
--
Frank Filz
-----------------------------
Work: mailto:ffilz@us.ibm.com (business only please)
Home: mailto:ffilz@mindspring.com
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