Theory : 145


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Subject:	Is it an auction or not? (was: WTB Train Parts)
Newsgroups:	lugnet.market.theory
Date:	Sun, 1 Aug 1999 19:47:12 GMT
Viewed:	1360 times

In article <37a489f9.1493045@lugnet.com>, Todd Lehman <lehman@javanet.com> writes > But what you have going is multiple buyers and multiple potential sellers, > with no one entity "running" the show (i.e., no auction). That's a lot more > (in my mind) like a free wheeling commodities or stock market type of thing, > and really belongs in .buy-sell-trade, even if there is price competition. It struck me when I got on the net last November, and the conviction remains, that the buying and selling of Lego *bricks* as opposed to sets *is* a commodity market. Auctions & straight sales are just special cases of the stock market scenario above. Is there a case for setting up a group just for the purpose of brick trading (in the commodity sense)? Just a thought - I'm still catching up on the good sets that I've missed. :-) -- Tony Priestman

Message has 1 Reply:

		Re: Is it an auction or not? (was: WTB Train Parts)
(...) I was kind of wondering the same thing. Although I wasn't thinking of a group, but more of a web-app. Steve (26 years ago, 2-Aug-99, to lugnet.market.theory)

Message is in Reply To:

		Is it an auction or not? (was: WTB Train Parts)
(...) It wasn't immediately clear to me whether your pounce was competing against MikeP by offering higher prices for something wanted by both of you, or whether your pounce was declaring minimum prices that you as a seller would accept from Mike if (...) (26 years ago, 1-Aug-99, to lugnet.market.buy-sell-trade, lugnet.market.theory)

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