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 Marketplace / Auctions / 7544
7543  |  7545
Subject: 
Re: This makes me SICK!
Newsgroups: 
lugnet.market.auction, lugnet.market.theory
Date: 
Thu, 11 Jan 2001 13:29:32 GMT
Viewed: 
3379 times
  
In lugnet.market.auction, Ben Gatelle writes:
> In lugnet.market.auction, David Eaton writes:
> > In lugnet.market.auction, Ben Gatelle writes:
> > > What I do not like is people who put incorrect or misleading information in
> > > the auction listings.
> > 
> > Hear hear!
> > 
> > > The example of the person selling the battledroids for
> > > $20 is misleading because buyers can get the item from several stores
> > > including all LICs, and the LEGOLAND store, IIRC.
> > 
> > Hmm... I guess I don't see it as all that misleading-- That's just something
> > where I'd say 'Let the buyer beware'...
> 
> It is misleading in that the seller said this is not sold in stores, or
> something to that effect which is clearly no true.

Ahh... ok, for some reason I thought you were making reference to a
ficticious auction-- I didn't know they actually wrote "Not sold in stores!
Hard to find! VERY RARE!" or whatever... That makes it much clearer! :)

> You understood correctly. As long as the seller is not outright lying in his
> description or intentionally misleading the buyer, I have no problem with it
> selling for what the market will bear.
> 
> Bruce Williams (radio advice guy) once said something to the effect that "A
> fair price is one at which a buyer is willing and able to pay and the seller
> is willing to sell."

Yep. I'd be forced to agree-- actually, an important distinction there is
that the price must be a price the seller is willing to sell at. For me,
even if a buyer was willing to pay $1,800 for a Guarded Treasury, I wouldn't
be 'willing' to sell for that without first offering it at FAR below such a
price. *I* wouldn't regard that price as fair as the seller... hence it
wouldn't be a fair price...

> > > BEN GATRELLE
> > > (My 2 cents worth, if it's worth that.)
> > 
> > What was the original retail price? :)
> 
> 1.5 cents

Ok, proxy bid: ***
Current bid: 1.6 cents

DaveE is now the high bidder on item 7525

Hoping I don't get sniped,
DaveE



Message is in Reply To:
  Re: This makes me SICK!
 
(...) It is misleading in that the seller said this is not sold in stores, or something to that effect which is clearly no true. (...) I have had auctions run 1 or 2 weeks in a row with no one meeting the minimum bid, and then the third time around (...) (26 years ago, 11-Jan-01, to lugnet.market.auction, lugnet.market.theory)

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