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 Marketplace / Theory / 1734
1733  |  1735
Subject: 
Re: FS-Pirate & Town Sets Mint In Sealed Boxes/Pack
Newsgroups: 
lugnet.market.theory
Date: 
Tue, 28 Nov 2000 14:38:08 GMT
Viewed: 
2732 times
  
And, the argument is summarized in the FAQ too:

http://www.lugnet.com/~330/FAQ/Market/bestoffer

Cary

"Todd Lehman" <lehman@javanet.com> wrote in message
news:G4qJtM.82t@lugnet.com...
> 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



Message is in Reply To:
  Re: FS-Pirate & Town Sets Mint In Sealed Boxes/Pack
 
(...) 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.) (...) (26 years ago, 28-Nov-00, to lugnet.market.buy-sell-trade, lugnet.market.auction, lugnet.market.theory)

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