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In lugnet.market.buy-sell-trade, Larry Pieniazek writes:
> In lugnet.market.buy-sell-trade, Paul Rutenberg writes:
> > Hello
> > Thought you had something for sale and not setting up your own little
> > Auction house here in buy/sell/trade, what you are doing here is wrong,
> > and absolutly in the wrong place, want to Auction, put it in an Auction
> > house where i can see if i have bid enough or not, what are you going to
> > do with peaple that bid $1.00 under somebody else, write him and ask if
> > he wants to bid more?? If you have something for sale, put a price on it
> > or go to Ebay.
>
> I agree with you, but we're in the minority. Todd has decided that OBO (or
> best offer) sales (sealed bid auctions) are not auctions in the meaning that
> the ToS uses and therefore are allowed here.
If the seller uses offers to solicit progressively higher offers, it's an
auction. If the offers stay independent of one other, it's not an auction.
(SBA's and OBO's aren't true auctions in the spirit of what makes an auction
an auction.)
http://news.lugnet.com/market/theory/?n=546
http://news.lugnet.com/admin/general/?n=2757
> There are a lot of posts discussing this in admin.general... you can even
> find Todd's exact post where he uses an analogy to make his case (a scarf is
> not a glove, or something like that, I forget and am too lazy to look it up)
http://news.lugnet.com/admin/general/?n=5873
> that posting a list of items, asking for offers (sealed bids) and selling to
> the highest offer (bidder) is not an auction.
http://news.lugnet.com/market/theory/?n=946
--Todd
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Message has 2 Replies:
 | | Re: FS-Pirate & Town Sets Mint In Sealed Boxes/Pack
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| And, the argument is summarized in the FAQ too: (URL) Lehman" <lehman@javanet.com> wrote in message news:G4qJtM.82t@lugnet.com... (...) to (...) it (...) (or (...) that (...) auction. (...) auction (...) even (...) scarf is (...) up) (...) selling (...) (24 years ago, 28-Nov-00, to lugnet.market.theory)
| | | Re: FS-Pirate & Town Sets Mint In Sealed Boxes/Pack
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| Hello Todd Sorry you see it that way, but i don't, a sealed bid is a normal item used by the biggesat auction houses in the world, both Sotheby's and Christies use it, they are just called sealed bid auctions and not O.B.O.s. To me its just a let me (...) (24 years ago, 28-Nov-00, to lugnet.market.theory)
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